With the recent collapse of FTX, professional services firm that have touched crypto will no doubt be reviewing their relationships with crypto

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With the recent collapse of FTX, professional services firm that have touched crypto will no doubt be reviewing their relationships with crypto firms. Those regulated firms will be working to clarify their relationships, and re-evaluating any work done. Questions have already been raised by the FTX CEO over its accounting standards. Several stories are emerging of accounting firms that have said that they found it difficult to identify crypto assets and place a meaning full value upon them for accounting purposes.

One suspects many regulators will be lining up to look at professional oversight once international regulators start to unpack crypto regulation and the collapse of FTX.

Ted Dziekanowski

#crypto #cryptoregulation #cryptocurreny #theaugustagroup

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