News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
CFTC wash-trading enforcement signals elevated transaction-integrity and audit risk for firms holding or trading altcoins
Bybit's civil action against DPRK/Lazarus and the asset-freeze injunction: accounting, AML, and risk-management implications for US accounting firms and CFOs
Internal controls and audit red flags when a law-enforcement insider steals seized crypto
Three concurrent US enforcement actions tied to FTX fallout and CFTC prediction-market jurisdiction expose accounting, record-keeping, and AML risks that firms and CFOs must address now.
US DOJ seizes over $25M in crypto from investment and romance scam networks: AML, recordkeeping, and client-screening implications for accounting firms and CFOs
SEC pays $150K to settle Coinbase records lawsuit, signalling how regulator conduct during enforcement drives litigation risk and record-keeping obligations for crypto firms and their advisers
DOJ crypto enforcement pullback and CZ pardon: accounting and AML implications for US firms and CFOs
A federal court's Daubert ruling validating blockchain analytics as admissible expert evidence raises the bar for forensic-grade data standards that accounting firms and CFOs must understand.
DOJ moving to drop charges against BitClub's alleged $722M mastermind raises serious questions about US crypto enforcement consistency, audit trails, and client-facing compliance obligations for accounting 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.
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
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.
OFAC sanctions highlight the need for crypto accounting software with built-in sanctions screening and compliance reporting for accounting firms servicing crypto clients.
Poor IRS phone service highlights the need for accurate crypto accounting software to minimize taxpayer errors and inquiries.
OFAC sanctions on crypto addresses create compliance obligations that crypto accounting software can address through screening and reporting.
IRS staffing changes may increase audit scrutiny on crypto, making robust crypto accounting software essential for compliance.
The IRS merger of tax practitioner offices signals increased scrutiny, making 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.
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.
The CFTC investigation into Polymarket underscores the need for robust crypto accounting software to ensure accurate trade reporting and compliance.
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.
