Digital Assets and Cryptocurrency

Keeping you at the forefront of the digital economy.

Over the last decade, blockchain and its use of a distributed ledger has demonstrated its ability to disrupt the financial sector to create various initiatives by both businesses and entrepreneurs. This new and unique industry has catalyzed the need for a traditional audit, tax and advisory service providers to also adapt in order to serve clients who operate in the cryptocurrency space.

Our Approach

Our global experts have extensive experience working with domestic and foreign financial institutions and offer clients industry-leading guidance with an integrated approach to specialized services in the areas of tax, accounting, audit, advisory, and can assess your preparedness to existing digital regulations.

Our Services 

Audit and Accounting

  • Financial statement audits
  • Private Investment Funds – domestic and offshore
  • Digital Asset Exchanges
  • Digital Asset Miners
  • Agreed upon procedures engagements
  • Proof of reserve examinations
  • Accounting outsourcing services
  • Other accounting services

Tax

Domestic tax compliance and consulting

  • Federal, state and local tax compliance and consulting
  • Consulting on like-kind treatment, forks, applicability of trading elections, mining, in-kind contributions, distributions and state investment partnership status
  • Tax structuring
  • R&D tax credits

International tax consulting around ICOs

  • Structuring analysis and location considerations for launching Initial Coin Offerings (ICOs).
  • Technical analysis of effectively connected income and Subpart F income of initial launch and ongoing operations
  • Intellectual property planning
  • Compensation analysis for issuance of tokens to employees
  • Transfer pricing and valuation services

Advisory

  • Coin storage
  • Software and hardware wallet/cold storage security
  • Assessment of smart contracts coordination
  • Crypto payment and acceptance
  • Transaction monitoring and reporting
  • OFAC/sanctions controls
  • Independent testing
  • Training

BSA/AML With the increased scrutiny on digital currencies, financial institutions continue to assess their BSA/ AML and sanctions compliance program in light of the evolving regulatory framework. Our professionals work with domestic and foreign financial institutions on all components of their compliance program and can assess your preparedness with respect to existing digital currency regulations in the following areas:

  • Policies and procedures
  • BSA/AML compliance program
  • Governance oversight and accountability
  • Risk assessment
  • BSA officer expertise
  • Customer Identification Program (CIP)
  • Customer Due Diligence (CDD)
  • Identification of beneficial ownership
  • Enhanced Due Diligence (EDD)

Submit RFP