News with the tag "Accounting"

Crypto accounting platform Cryptio has raised $15 million in an extension to its Series A funding round from June 2022 . Existing investor Alven led the round and featured participation from new backers 1kx and Ledger Cathay Capital, Cryptio told CoinDesk via email on Wednesday. The $15 million rais...

When inauguration day rolls around in the U.S., the first policy domino to topple could be the industry's banking roadblocks, though the White House may be the wrong place to watch for the most consequential action. The crypto industry will surely cheer loudly over some of the executive-order firewo...

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Bank of New York Mellon will not be held to SEC accounting practices for client crypto custody after a review.

Hindenburg Research has uncovered evidence of big problems with a major AI hardware provider.

KPMG formed a strategic alliance with Cryptio to help crypto firms in the United States adhere to GAAP compliance, enhancing accounting and reporting practices.

The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime.

The U.S. House of Representatives will vote next week to overturn President Biden's SAB 121 veto, which mandates cryptocurrency custody firms to list customer holdings as liabilities.

While the House and Senate already voted to overturn SAB 121, it will need a two-thirds majority vote from both chambers to invalidate Biden’s veto.

The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies “do not typically po...