News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
Banking industry pushback on CLARITY Act stablecoin yield language creates regulatory uncertainty for CFOs and accounting firms managing stablecoin positions
EU MiCA revision targeting non-EU stablecoin issuers: licensing, accounting, and AML implications for accounting firms and CFOs
Regulatory and accounting implications of the Bank of Korea's bank-led stablecoin push and deposit token pilots for accounting firms, auditors, and CFOs with Korean digital asset exposure
The European Commission's MiCA review consultation opens every major pillar of the framework to potential amendment, creating near-term uncertainty and compliance planning obligations for accounting firms, auditors, and CFOs with EU digital asset exposure.
EU officials are considering MiCA 2.0 revisions targeting non-EU stablecoin issuers, driven by the US GENIUS Act, with accounting and CASP compliance implications for firms and CFOs
The FCA's Mills Review signals that agentic AI and tokenized settlement infrastructure are converging fast, creating immediate governance, AML, and accounting obligations for UK firms.
The GENIUS Act is law but the US crypto market structure bill has missed its self-imposed July 4 deadline, leaving stablecoin accounting frameworks and digital asset reporting obligations without a complete regulatory foundation.
RBI revives banking isolation strategy for crypto, signalling renewed containment risk for firms with Indian banking exposure or cross-border settlement arrangements
The CLARITY Act faces a narrow July window in the Senate, with unresolved DeFi provisions, ethics concerns, and a presidential veto threat creating real planning uncertainty for firms with US crypto exposure.
Galaxy Digital's downgrade of CLARITY Act passage odds to 50% signals real legislative risk for US digital asset market structure, with Senate floor time the critical bottleneck
HM Treasury's updated National Payments Vision mandates tokenization and digital money interoperability in UK retail payment infrastructure, with direct compliance implications for stablecoin issuers, custodians, and payment firms.
The SEC's 60-day public comment period on novel ETF structures signals potential registration and compliance rule changes that accounting firms and fund auditors must monitor closely.
The BIS has flagged stablecoins as a systemic risk to global financial stability, with implications for how accounting firms and CFOs assess stablecoin exposure and compliance obligations.
