News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
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
MAS adds Hyperliquid to Singapore's Investor Alert List, flagging it as an unlicensed entity and raising due-diligence obligations for accounting firms and CFOs with client exposure.
Finansinspektionen has announced major changes to periodic AML reporting, signalling tighter supervisory expectations for all regulated entities including crypto-asset service providers operating in or into Sweden and the EU.
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.
EMIR 3 introduces an active account requirement that impacts crypto firms already navigating DAC8 reporting obligations, adding another layer of compliance.
The Coinex sanctions allegations highlight the critical need for robust crypto accounting for accountants to ensure compliance with international sanctions.
The Kraen-Powertrade lawsuit highlights the critical need for robust crypto fund accounting software to prevent misappropriation claims and ensure audit readiness.
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 AFM and DNB consultation on Caribbean Netherlands rules signals tightening AML/CFT obligations for crypto firms, highlighting the need for robust crypto accounting software to manage compliance.
Malta's MFSA confirms VFA licence holders must transition to CASP under MiCA by July 2026, impacting crypto compliance for firms.
EMIR 3 introduces an active account requirement for EU counterparties, expanding reporting obligations that intersect with dac8 reporting and crypto asset accounting standards.
The MFSA warning highlights the importance of using crypto accounting software to verify counterparty licenses and avoid unregulated entities.
Practical alert for accounting firms and CFOs advising Malta-licensed VFA entities on what the MFSA's MiCA transition guidance means for licence continuity, compliance obligations, and client readiness
The UK's crypto ambition is split between innovation and regulation; crypto accounting software helps firms navigate this divide.
Binance's withdrawal from Greek MiCA licensing signals shifting regulatory strategies in the EU, but the exchange's commitment to Europe keeps MiCA compliance crypto requirements central for firms.
The UK's crypto regulatory divide creates uncertainty for accounting firms, making robust crypto accounting software essential for compliance and client advisory.
The AFIAAR MoU harmonizes global crypto accounting standards, driving adoption of specialized crypto accounting software for firms.
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.
ESMA's call for unauthorised CASPs to wind down orderly as MiCA transitional period ends, highlighting compliance obligations for crypto firms and implications for accounting firms advising clients.
Ripple's preliminary MiCA approval in Luxembourg signals a maturing regulatory environment for crypto firms in the EU, with implications for compliance and accounting standards.
AICPA survey indicates firms are prioritizing technology, creating opportunities for crypto accounting for accountants to meet client needs.
MFSA's letter on financial analysis of reinsurance undertakings underscores the need for robust crypto financial statements, aligning with FASB, IFRS, and DAC8.
MFSA's thematic review on financial crime risks in credit institutions underscores the need for robust compliance systems, including crypto accounting software for firms handling digital assets.
