KPMG

The post KPMG Forms Alliance To Help US Firms Adhere To GAAP appeared first on Coinpedia Fintech News  KPMG established a strategic alliance with Cryptio, a crypto accounting software, to help crypto firms in the United States adhere to GAAP compliance. The strategic alliance is aimed at establishing controls within cryptocurrency firms to better account for their crypto assets.  Antoine Scalia, Founder, and CEO of Cryptio, stated that the alliance empowers enterprises and institutions to navigate the complexities of regulatory…

A recent report by KPMG revealed that Canadian institutional investors are getting more interested in cryptocurrency assets as a safeguard against economic uncertainties.  The KPMG study indicates that Canada’s proactive regulatory environment is the main factor attracting institutional interest to crypto assets. Canadian institutional investors have expanded their presence in crypto as a hedge against economic uncertainties, according to a recent KPMG report. The study points to a significant increase in exposure to crypto among financial services providers and institutional…

Institutional investors in Canada substantially increased their cryptocurrency exposure last year compared to the previous bull market cycle, according to a recent survey by accounting firm KPMG. The consulting group’s bi-annual survey, “Institutional Adoption of Cryptoassets,” received 65 responses, including 31 institutional investors managing over $500 million in assets and 34 financial services organizations. Institutional Interest in Crypto Assets Surged in 2023 In its report released on April 24, KPMG revealed that 39% of institutional investors reported having direct or…

A recent research by KPMG has revealed that after a turbulent year for the cryptocurrency market, investor sentiment appears to be on the rebound. The study, which surveyed approximately 2,400 private crypto investors across Germany, Austria, and Switzerland, sheds light on changing investment behaviors and attitudes in the DACH region. Renewed Optimism and Caution The findings reveal an increase in crypto investments, with 54% of respondents allocating over 20% of their total investments to digital assets. Many investors, particularly those…

A financial scandal has rocked Germany’s fintech domain, as Wirecard is allegedly involved. Mark Kristopher G. Tolentino is allegedly behind this, as he is known as Trustee 2 for being the manager of the money. Nonetheless, Tolentino is clearly not responding to the allegations. A mainstream German daily said Tolentino opened 6 accounts for Wirecard with the Bank of the Philippine Islands (BPI) and BDO Unibank following his appointment as trustee late last year. It was reported that he deposited a sum of…