auditors – DIGIT INFO

Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas

DIGIT — Fri, 17 Feb 2023 08:30:02 +0000

PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and it also noted that there is “little distinction between what represents potentially client monies […]

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Kazakhstan Auditors Go After Crypto Miners Accused of Exploiting Tax Benefits

DIGIT — Sun, 03 Apr 2022 14:30:36 +0000

Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage of tax cuts they were allegedly not supposed to benefit from. Auditors said the crypto firms registered as “innovative companies,” to receive millions of dollars in tax preferences. 5 Mining Entities in Kazakhstan Get $18 Million in Tax Exemptions Auditors in Kazakhstan […]

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Bill Promises to Rid New York of Bitlicense Fees

DIGIT — Fri, 16 Mar 2018 09:55:34 +0000

A bill that may turn New York into a friendlier place for crypto entrepreneurs has been introduced in the state’s Assembly. The draft is intended to “safeguard” cryptocurrency business activity and “prohibit” licensing fees. Its sponsors want to replace the costly Bitlicense regulations with a licensing regime based on audits. The aim is to protect […]

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