104 articles
Circle's refusal to burn and reissue stolen USDC raises stablecoin AML governance and crypto accounting software questions for compliance teams and CFOs
CFTC modernisation push by Phantom and Hyperliquid creates new compliance and DeFi accounting questions for accounting firms and CFOs
SEC and CFTC leadership vacancies create regulatory uncertainty that accounting firms and CFOs must factor into digital asset compliance planning now
Sony Bank's OCC no-objection letter opens a new chapter for bank-issued dollar stablecoins and forces accounting firms and CFOs to revisit stablecoin accounting classification, reserve audit requirements, and payment-rail risk.
SEC's 2026 rulemaking agenda for crypto broker-dealers, digital asset exchanges, and safe harbors creates concrete compliance and accounting obligations for firms and CFOs
SEC crypto safe harbor proposal: regulatory and accounting compliance implications for US firms and CFOs
CFTC charges North Carolina commodity pool operator with $14M crypto and futures fraud, signalling tougher scrutiny of unregistered pools mixing digital assets with traditional derivatives.
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
Multi-jurisdiction Asia regulatory sweep: RBI ring-fences banks from crypto, Russia's digital ruble targets September, Dubai leads VASP licensing, Taiwan passes crypto law, and Kazakhstan bets on blockchain infrastructure
Accounting firms and CFOs serving multinationals need to understand the improved but still incomplete interoperability between ISSB Standards and ESRS, and what a credible single-report approach actually requires in practice.
Multi-jurisdiction regulatory sweep across Asia and the Gulf: licensing expansions, new crypto laws, CBDC launches, and OFAC sanctions with direct accounting and compliance implications for firms serving these markets
Senator Gillibrand's proposed bill to ban elected officials from issuing meme coins raises immediate questions for accounting firms and CFOs tracking US crypto regulatory risk and structuring client disclosures.
Chainalysis extends AML monitoring and transaction screening to Robinhood Chain, adding automatic token support and KYT alerts for compliance teams
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.
The accountability-control gap in AI-driven compliance: why CCOs and MLROs face governance exposure before regulators catch up
Senator Gillibrand's proposed ethics restriction barring elected officials from issuing digital assets signals tightening governance standards that accounting firms and CFOs must track for compliance and client advisory work.
A key law enforcement bloc has dropped its opposition to the CLARITY Act, narrowing one political obstacle to US crypto market structure legislation with direct implications for DeFi liability and AML compliance frameworks.
Digital asset risk under BSA/AML regimes does not require a new framework, but it does require rethinking the underlying data environment and compliance tooling
Dubai's VARA has published one of the most detailed crypto regulatory frameworks globally, with direct implications for VASP licensing, AML/CFT obligations, and asset segregation, plus a firm prohibition on privacy coins that accounting firms and compliance teams must absorb immediately.
Three simultaneous regulatory moves, NYDFS-EBA stablecoin MOU, Hong Kong VATP and advisory licensing, and CFTC perpetual futures approvals, are reshaping the cross-border compliance obligations of stablecoin issuers, VASPs, and digital asset firms in 2026.
The OUSD consortium model redistributes stablecoin reserve yield across 140+ partners, threatening Circle's USDC revenue base and forcing accounting firms to reassess stablecoin reserve economics in client portfolios.
OFAC adds 134 ISIS-K and PCC-linked crypto wallets to SDN list on 1 July 2026, triggering immediate screening and transaction monitoring obligations for VASPs and financial institutions globally.
Approval phishing is a scalable, infrastructure-reusing scam that compliance teams can systematically detect and disrupt using on-chain intelligence and coordinated law enforcement protocols.
Five on-chain financial crime typologies compliance teams at banks, fintechs, and custodians must embed in their AML/CFT frameworks now
A practical framework for embedding blockchain analytics into institutional AML workflows across all three lines of defense
AML and compliance obligations triggered by the Huione Guarantee marketplace processing over $11 billion in USDT, with implications for transaction screening, SAR filing, and sanctions exposure at regulated firms globally
Cross-chain bridges enable large-scale crypto laundering beyond current AML controls, creating urgent compliance exposure for firms handling digital assets
How mixers and privacy wallets undermine crypto compliance screening, and what accounting firms and auditors must do to manage the exposure
Regulated crypto firms do not need a novel governance model: the three-lines-of-defense framework from traditional finance already meets what regulators expect globally, and firms that ignore it face personal liability.
A five-stage blockchain risk maturity framework helps financial institutions benchmark AML/CFT readiness and build toward strategic digital asset capability
State-federal jurisdictional clash over prediction market sports betting creates licensing and compliance risk for firms servicing event-contract platforms
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.
DOJ guilty plea in the Goliath Ventures $400M crypto Ponzi highlights fraud-indicator recognition, investor-loss accounting, and bank AML exposure for practitioners advising affected clients or reviewing similar structures
State vs federal jurisdiction clash over prediction markets licensing creates compliance uncertainty for firms offering or auditing event-contract platforms
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
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.
OFAC adds 130+ ISIS-linked Tron wallets to the SDN list, raising immediate screening and due-diligence obligations for crypto businesses and their advisers.
IRS OPR AI guidance exposes a gap between existing compliance credentials and what §7216 actually requires when practitioners send client tax data to external AI tools
Third Circuit's Murrin decision binds Tax Court practitioners in DE/NJ/PA: a preparer's fraud alone triggers Section 6501(c)(1)'s unlimited assessment window, exposing innocent clients to decades of back-tax and interest liability
FASB proposes to require investment companies to factor contractual sale restrictions into equity fair value measurements under ASC 820, with mandatory discount disclosure
The IRS merges the Office of Professional Responsibility and the Return Preparer Office into the new Tax Professional Management Office, effective June 28, over AICPA objections about conflicts of interest and credential confusion.
IMF flags tokenization as a systemic inflection point: fragmented standards could create new financial stability risks while coordinated regulation could unlock settlement efficiency gains
Sanctions, accounting treatment, and cross-border compliance implications of the Russian digital ruble's confirmed September 2026 launch, contrasted with the EU sanctions posture and the near-certain US digital dollar ban
State-level crypto ATM bans accelerate across the US and Canada signals a federal crackdown, raising VASP licensing, AML, and operator liability questions for accounting and compliance teams
A bipartisan housing bill containing a Federal Reserve CBDC moratorium until 2030 now sits on Trump's desk, creating a short decision window with direct implications for US digital asset policy planning.
Vertical integration in prediction markets is accelerating M&A interest while simultaneously raising CFTC jurisdiction, antitrust, and state-gambling-law conflicts that compliance teams need to track.
Huione Group has become the largest illicit online marketplace ever recorded, with its own unregulated stablecoin USDH designed to evade asset freezes. Accounting firms and compliance teams need to understand the transaction volumes, the USDH exposure risk, and the AML obligations this creates.
OFAC's SDN list now includes identified on-chain addresses, raising the compliance bar for every firm that touches crypto assets
TIGTA finds IRS cannot centrally track all 1,124+ federal tax information data-sharing agreements, raising governance and FTI protection concerns for tax practitioners and compliance teams
IRS disputes CP53E errors exist while AICPA collects practitioner examples of erroneous notices sent to taxpayers who owed nothing
Section 530A Trump accounts create an 18-year recurring advisory revenue stream that most accountants are overlooking
Chainalysis formalises a two-tier evidentiary ontology for blockchain analytics, giving compliance teams, auditors, and courts a shared vocabulary for data quality accountability
ESMA's role in the 2025 CCP Global CIDS fire drill and what the published report means for clearing members, auditors, and compliance leads
PEEC proposes to anchor the public interest entity definition to live FDIC and NAIC regulatory thresholds, replacing fixed-dollar figures and reducing future standard-setting lag
FinCEN formally launches a whistleblower tip portal covering BSA, sanctions, and money laundering violations, with financial awards for actionable submissions that lead to enforcement.
The FBI's action against Huione Group, the largest illicit crypto marketplace ever recorded, signals a new baseline for AML due diligence and stablecoin transaction screening at regulated firms.
SEC and CFTC open a joint consultation on unified portfolio margin rules spanning securities and derivatives, with direct implications for how accounting firms and CFOs track, report, and reconcile cross-product margin positions.
Two underreported developments show how tokenized deposits and stablecoins are converging into a practical interoperability layer, with direct implications for corporate treasury, bank liquidity, and compliance infrastructure.
IRS Office of Professional Responsibility clarifies that Circular 230 duties apply in full to AI-assisted tax work, placing compliance and billing obligations squarely on practitioners and firms
The IRS has issued new guidance on AI risks under Circular 230, increasing compliance duties for tax practitioners. Crypto accounting software can help firms manage these obligations.
UBS and Nethermind's proofs of concept show that embedding compliance at block-production level, not just in smart contracts, could reshape how regulators and banks treat permissionless blockchains under Basel capital rules.
The PCAOB's request for comment signals upcoming audit standards for crypto assets, prompting accounting firms to evaluate their crypto accounting software and sub-ledger tools.
The IRS filing season disparity between online and other filers highlights the need for robust crypto accounting software to ensure accurate reporting and reduce audit risk for accounting firms.
The Coinex sanctions allegations highlight the critical need for robust crypto accounting for accountants to ensure compliance with international sanctions.
The Supreme Court ruling on IRS time limits for preparer fraud increases compliance risk for crypto accounting firms, making robust crypto accounting software essential for audit trails and accuracy.
AICPA survey indicates firms are prioritizing technology, creating opportunities for crypto accounting for accountants to meet client needs.
OFAC sanctions highlight the need for crypto accounting software with built-in sanctions screening and compliance reporting for accounting firms servicing crypto clients.
The advisory panel's recommendations signal a shift toward technology-driven tax administration, which will impact how accounting firms handle crypto compliance.
FASB's request for comment on hedge accounting guidance for crypto assets held at fair value signals potential changes to crypto US GAAP accounting, with implications for firms applying ASC 350-60.
OFAC sanctions on crypto addresses create compliance obligations that crypto accounting software can address through screening and reporting.
Poor IRS phone service highlights the need for accurate crypto accounting software to minimize taxpayer errors and inquiries.
DAC8 reporting introduces mandatory disclosure of crypto transactions for EU tax authorities, aligning with global standards like CARF and impacting accounting firms' compliance workflows.
IRS staffing changes may increase audit scrutiny on crypto, making robust crypto accounting software essential for compliance.
IRS hiring events after staff cuts signal increased enforcement, making crypto accounting software essential for firms to manage client compliance.
The IRS merger of tax practitioner offices signals increased scrutiny, making crypto accounting software essential for compliance.
AICPA recommendations signal need for better crypto tax notice management, which crypto accounting software can address.
CPA firms can improve profitability by integrating crypto CPA services as a new advisory revenue stream.
The AICPA campaign elevates the CPA brand, indirectly supporting crypto CPAs by reinforcing trust and expertise in emerging areas like digital assets.
SEC's fireside chat signals a shift towards rebuilding trust and improving usability in crypto regulation, impacting how firms use crypto accounting software for compliance.
Congressional debate over Fed skinny accounts for crypto firms highlights compliance and accounting implications for accountants.
Senate races may delay or accelerate crypto legislation, affecting compliance timelines for accounting firms; crypto accounting software helps firms stay agile.
The CFTC investigation into Polymarket underscores the need for robust crypto accounting software to ensure accurate trade reporting and compliance.
The court case highlights the importance of accurate tax classification for investment firms, which can be supported by crypto accounting software.
The surge in IRS fast track dispute settlement program usage underscores the need for crypto accounting software to maintain accurate records and reduce audit risks.
The Coinex Iran case highlights the need for robust crypto accounting software to detect and report sanctions violations.
The CFTC investigation into Polymarket underscores the need for robust crypto accounting software to ensure compliance and audit readiness.
The Meta IRS dispute underscores the importance of accurate crypto accounting software for tax compliance and audit readiness.
The June 2026 IASB-FASB joint education meeting signals potential convergence between US GAAP and IFRS on crypto asset fair value accounting, directly affecting firms using ASC 350-60 and IFRS crypto assets standards.
A practitioner-focused comparison of FASB ASC 350-60 fair value accounting against IFRS crypto asset treatment, showing accounting firms and CFOs exactly how the two frameworks diverge and what that means for financial statement preparation and client advisory work.
ASC 350-60 ended impairment-only accounting for crypto: accounting firms and CFOs need to understand what FASB fair value measurement means for balance sheets, disclosures, and how it diverges from IFRS.
An authoritative explainer for accounting firms and finance teams on how ASU 2023-08 reshapes crypto asset measurement, disclosure, and audit obligations under US GAAP, with a comparative lens on IFRS treatment.
A practical explainer for accounting firms and finance teams on how ASU 2023-08 reshapes crypto asset recognition and measurement under US GAAP, with a clear comparison to IFRS treatment and the reporting obligations that sit alongside both frameworks.
A practical explainer for accounting firms, CFOs, and finance teams on how IFRS and US GAAP frameworks treat crypto assets differently for financial reporting, and what that means for audit-readiness and client advisory in 2025.
Explain how accounting firms and finance teams must navigate overlapping global crypto reporting frameworks, from DAC8 reporting and CARF to IFRS crypto assets and ASC 350-60, and what practical steps ensure audit-readiness across jurisdictions.
A practical explainer for UAE-based accounting firms and finance teams on how global crypto financial reporting standards, including IFRS, FASB ASC 350-60, CARF, and DAC8, apply within the UAE's regulatory context and what steps firms must take to stay compliant.
A practical guide for accounting firms and finance teams on how crypto financial reporting standards, including DAC8, CARF, IFRS and FASB rules, interact across jurisdictions, with particular relevance for Canadian entities operating globally.
A practical guide for US accounting firms and auditors on what crypto audit software must do to satisfy current digital asset accounting and audit standards.
A practical explainer for finance teams and accounting firms in Luxembourg on how DAC8 reporting obligations intersect with IFRS, US GAAP, and CARF frameworks, and what that means for audit-ready crypto financial reporting.
A practical explainer for accounting firms and finance teams on how FASB's fair value hierarchy under ASC 350-60 applies to crypto assets, contrasted with IFRS treatment, and what this means for audit readiness and client advisory.
A practical guide for accounting firms and finance teams explaining how US GAAP rules under ASC 350-60, IFRS guidance, and global frameworks including CARF and DAC8 reporting interact and create distinct compliance obligations.
A practical guide for accounting firms and finance teams on how the major global crypto financial reporting frameworks, including FASB ASC 350-60, IFRS, CARF, and DAC8, interact and what they mean for Australian and internationally active clients.
A practical guide for accounting firms and finance teams in Germany navigating the intersection of DAC8 reporting obligations, IFRS crypto asset treatment, and the evolving US GAAP fair value model under ASC 350-60.
A practitioner-focused overview of how accounting firms and finance teams must navigate the converging obligations of DAC8 reporting, CARF, FASB ASC 350-60, and IFRS when preparing crypto financial statements for clients operating across multiple jurisdictions.
A practical explainer for accountants and finance teams on how DAC8 reporting intersects with IFRS, FASB ASC 350-60, and French PCG rules to create a multi-layered compliance obligation.
