Blockchain

A recent study looked at government-backed virtual currency.

Plus, Nova Technology announces blockchain-powered credit management; and other accounting technology news.

The Treasury Department released its first ever illicit finance risk assessment on the vast ecosystem of decentralized finance, or DeFi, which the report said was rife with criminal activity.

The IRS proposed new rules on non-fungible tokens this week, and accounting professionals in the space see the agency starting to get serious about these assets.

Plus, Taxaroo touts AI tax advice solution as ChatGPT for Taxes; Paystand rolls out new AR and AP tools; and NetSuite saunches NetSuite MyLearn.

Crypto seems a bit cryptic to many accountants, but it doesn't have to be.

A recent study on the various projects undertaken by central banks around the world has found that the most commonly named motivation is preserving their role in monetary provision.

A recent study has found a correlation between tax scrutiny of digital assets and the use of tax loss harvesting as a compensating measure.

In this edition of The Frontier, Dr. Sean Stein Smith explains why some accounting work has been more difficult to automate due to lack of standardization between cases.

Software developer Alyse Sue will help KPMG explore new business models based on cryptocurrency and metaverse tech. 

Plus, AuditBoard touts new ESG program management solution; Corvee offers tax planning strategy library; and other news and updates from the accounting technology world.

The software developer announced the release of its new Cost Basis Interchange solution for digital asset reporting and compliance.

The Top 50 Firm celebrated its establishment of a presence in the virtual landscape.

The credit card provider announced the launch of its new Crypto Source service, which will allow financial institution partners to offer crypto trading to customers.

Tassat Group announced the successful testing of its new blockchain-based payments network, which enables B2B payment processing among member banks.

Chief financial officers have tech on their minds when it comes to their priorities going forward.

The tax and accounting software provider announced it has bought plots of virtual land in Decentraland and Somnium Space.

A report from the U.S. Treasury Department didn't say the U.S. should adopt a digital currency, but did recommend it start laying the groundwork in case it ever decides to do so.

In response to a rapidly changing digital asset landscape, the department outlined seven priority action items to curtail related financial crimes.

In its most recent meeting, the board agreed to narrow the scope of its digital asset project to focus specifically on cryptocurrencies.