News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
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.
ASIC's Federal Court-ordered receiver appointment over Cotton and First Mutual exposes asset-tracing and investor-fund-protection obligations for accounting firms and auditors advising clients in similar structures
ASIC's $10.3M penalty against Mercer Super for systemic failures in the reportable situations regime signals escalating enforcement expectations for all Australian financial services licensees
ATO's discussion on best crypto tax software highlights the need for enterprise-grade crypto accounting solutions for firms.
