PricewaterhouseCoopers LLP has added cryptocurrency auditing to its list of services as the firm expands into an asset class that is steadily adopting the accoutrements of traditional finance.

While Libra isn’t accounting focused, accountants and other practitioners should be able to communicate to clients what these changes mean

Both asset holders and practitioners have to educate themselves on the tax and recordkeeping rules around cryptocurrencies.

The Securities and Exchange Commission has added fraud charges to its previous charges against Longfin Corp., a defunct company that used to promote cryptocurrency and went public under dubious circumstances.

The Top 100 firm is now a member of the Wall Street Blockchain Alliance and the Accounting Blockchain Coalition.

From lessons learned in tax season, the blockchain accounting and tax software provider has released several upgrades to its cryptocurrency reporting software, Balance.

EY has announced a significant investment into its Blockchain Analyzer product, as well as, separately, the release of its zero-knowledge proof (ZKP) private transaction protocol into the public domain.

The second iteration of the Token Taxonomy Act, released on April 9 and hereinafter referred colloquially as “2.0,” is Congress’ latest product aimed at recognizing and defining a new asset class derived from blockchain technology.

Tipalti deepens PayPal integration, Cetrom wins award and Rapyd launches hyper-local payments solution.

The Internal Revenue Service treats crypto money as a capital asset like stocks or property, not as a currency.

Based on cryptocurrency tax guidelines specified by IRS, anyone making cryptocurrency profits has to pay taxes.

The company's Balance product is for accountants and tax preparers with clients significantly invested in crypto.

The meteoric rise of cryptocurrencies brings many legal and regulatory repercussions that are still unfolding.

It is now well-accepted that blockchain is an accounting technology that can significantly reduce the time needed for recording, reconciliation and reporting in almost any industry.

DeJoy, Knauf & Blood launches cannabis practice while EisnerAmper expands its own; FASB appoints two to small-business committee; and more CPA news.

The participation of accounting firms in the cryptocurrency market is a step toward legitimizing the intangible asset.

The widow of Quadriga Fintech Solutions Corp. founder Gerry Cotten spent C$300,000 ($225,000) to help the shuttered cryptocurrency exchange secure court-approved protection from creditors, keeping clients owed millions at bay. Now she’s looking to be repaid.

The release follows a slew of large firms opening cryptocurrency and blockchain services for clients.

Accounting professionals need to keep developing and maintaining robust internal controls around cryptoassets.

Blockchain and cryptocurrencies are going to play a major role in the economy and the accounting profession.