Cryptoworth

How Patrick Camuso, CPA streamlined digital asset compliance with Cryptoworth. Managing crypto compliance can be complex, but firms like Camuso CPA have found ways to simplify the process. The below highlights include... - A 90% reduction in spreadsheet use through automation. - 30% faster month-end close for crypto transactions. -Efficient, compliant reporting for a successful Token Generation Event. For most, achieving these results requires the right tools and structure. Camuso CPA’s approach offers a helpful path forward. Take a look at the story to see how they made it work.

Crypto Compliance in the UAE: VARA vs. ADGM As digital payments grow roots in the commerce narrative, the UAE is leading the way in various fronts. One of them is the regulatory side: VARA and ADGM are spearheading regulatory clarity and innovation. With crypto-specific frameworks, Dubai and Abu Dhabi are shaping the region as a central hub for digital finance. VARA is spearheading dedicated digital asset oversight in Dubai, which has rapidly attracted crypto businesses eager to operate in a secure, regulated environment. Meanwhile, ADGM in Abu Dhabi offers a more traditional finance approach, balancing innovation with established financial governance. Facts: + VARA’s crypto-focused regulation has positioned Dubai as a global blockchain capital. + ADGM’s structure caters to FinTech and finance in general, with digital assets as part of its wider scope. + UAE’s anti-money laundering standards boost credibility for blockchain, attracting more serious investment. For crypto teams, understanding UAE regulations is key. Sign up for the talk with Joe David from Myna and Shivani Phull from PIXELYNX airing next week (Link below)

Crypto accountants need to use a myriad of tools to keep pace with the multi-chain expansion. So they usually face these headaches: ▪ Constantly switching between platforms to track transactions across multiple blockchains ▪ Reconciling discrepancies due to incomplete or delayed data updates ▪ Struggling with cost-basis calculations as new tokens and networks emerge Enter Cryptoworth—the fastest crypto accounting solution integrating new blockchain data connections to the general ledger. With Cryptoworth’s latest integrations, you can: ✅ Seamlessly track transactions and update journal entries across B3, Xai, Apechain, World chain, and Unichain. ✅ Quickly reconcile balances from high-volume gaming and DeFi networks ✅ Run accurate cost basis calculations, ensuring smooth month-end closings 🔗 Cryptoworth is the most connected crypto subledger out there, supporting 200+ chains and 1,000+ data sources!

A lot of crypto teams expanding to the UAE get caught in the “regulatory maze.” The UAE is establishing itself as a global digital asset hub, but understanding VARA and ADGM’s compliance standards can be daunting. Submitting to specific licenses, AML checks, and complex accounting frameworks requires more than a quick overview—getting it right is crucial for growth. On Nov 13th, join Joe David and Shivani Phull as they share insights from their experience working within UAE’s regulatory environment. This session was recorded to help crypto finance professionals make informed, compliant moves in the UAE market. 👉 Sign up for a reminder!

What big media isn’t telling you about Digital Assets. And how it’s reshaping audit methodology. And preparing us for IRS mandatory changes. And strengthening compliance standards. And securing private key management. And why these are the real changes—not just hype. From tackling liquid staking to multi-sig complexities, our latest article dives deep into each topic shared by these industry leaders. + DeFi Tracking for Accurate Accounting by Jozef Vogel, COO ether.fi + Audit Challenges in Digital Assets by Jeremy Nau, CPA, Co-Founder The Network Firm + 2025 Digital Asset Reporting Changes by Nik Fahrer, CPA, Director at Forvis Mazars US + KYC and AML Compliance in Crypto by Georg Brameshuber 🧢, Founder at Validvent + Key Management for Secure Digital Assets by Cody Peterson, CPA, Lead at EY These insights aren’t just high-level—they’re packed with the knowledge and practices essential for today’s crypto accounting professionals. Read the Full Article Here

The current method of crypto audits has evolved —and it’s nothing like what traditional finance expected. Crypto auditing requires more than conventional methods. + Proof of ownership, + Multi-signature verification, and + Proof of reserves (plus Nested PoR) THese are becoming essentials as the space continues to mature. Our recent talk with Jeremy Nau, CPA from The Network Firm reveals exactly why. Here’s what’s changing: > Legacy methods like “send-to-self” are being replaced. Message signing is now the scalable solution for proving ownership. > Multi-sig wallets—used to secure high-value assets—are complex to audit, yet essential. And auditors are adapting fast. > Proof of reserves? It’s no longer just an option; it’s a necessity for exchanges to prove they hold customer assets securely. If your work touches on Web3 finance, this talk is for you. We’ve highlighted Jeremy’s insights into the evolving methods for crypto audits. 👉 Read the full summary article to learn more.

The real challenge in DeFi accounting is and always be Data. Handling complex data from staking protocols and determining fair value when tracking cost basis, is a reconciliation bottleneck especially as universal tracking across wallets is being phased out. Next week Jozef Vogel, COO at ether.fi brings his extensive experience liaising and reporting these complexities. He has helped countless firms implement precise tracking for liquid staking and liquidity pool tokens. Sign up to get a timely reminder: Wednesday, Oct 30th 9:00am PST 12pm EST 16:00 UTC

Why digital asset reporting could be facing major challenges? If you’re managing crypto assets in the Canadian market, brace yourself—navigating the CRA’s tax classifications and CSA’s crypto regulations isn’t getting easier. From the reclassification of stablecoins to unexpected tax impacts on NFTs, the reality is becoming clear: Canada’s regulatory environment may need a serious overhaul if we want to keep digital asset innovation here. Metrics Chartered Professional Accounting’s Regan McGrath, CPA CA and Rajin A. join us to reveal the regulatory hurdles facing Canadian crypto businesses—and share their insights into the trends. Hear what proactive steps they’re taking to help guide CRA policy in the web3 space. Join us next week. Sign up here.

Reminder: Don’t Miss Tomorrow’s Conversation. It's a re-run of the Liquid Staking Accounting stream from earlier! We’re just one day away from our recorded session with Jozef Vogel, where he covers everything you need to know about liquid staking tracking and DeFi accounting. BONUS: How to handle complex data, determine fair value, and keep up with regulations in crypto accounting. Make sure you’re signed up and ready to join!

"Taxpayers must ensure they have accurate cost-basis data for each wallet or account. The complexity of crypto reporting will increase, and businesses must be prepared to handle this efficiently," said Nik Farher, CPA. Read in detail the "5 Key Questions to Comply with the latest IRS’ Rev Proc 2024-28"