Empowering auditors to engage with digital assets

This article was written by Appold. In September 2024, the Institute of Chartered Accountants in England and Wales (ICAEW) published a report titled ‘Considerations for Auditing Cryptocurrencies’. This report recognised the importance of expert knowledge in the financial audit of firms which utilise cryptocurrencies. Whilst the ICEAW states that the report is not intended as a […]

Utilising Independent Auditor’s Experts in Blockchain-related Audits

This article was written by Appold on 27 August 2024.   The number of companies holding or transacting in digital assets continues to grow rapidly. A 2023 report showed that 65% of institutional investors expected to buy digital assets in the coming years¹. In addition, at Appold, we have observed an increase in enquiries from a […]

HMRC Cryptoasset Disclosure Facility: What you need to know

Written by Tax Partner, Thomas Adcock Love them or loathe them, cryptoassets are now a familiar form of investment. However, how they are taxed and how to report taxes due can be mystifying for most.   Is it trading? Is it capital gain? Is it gambling? The lines can be blurred, although these days we […]

Spot Bitcoin ETFs: A new dawn for bitcoin investment?

On 10 January 2024, the US-based Securities & Exchange Commission (SEC) approved the listing and trading of a number of Spot Bitcoin Exchange-Traded Product (ETP) shares.   In a turning point for Bitcoin investment, 11 Spot Bitcoin Exchange-Traded Funds (ETFs) were approved for the US market, opening up a more regulated way for investors to benefit from Bitcoin’s fluctuating […]

Cryptocurrency update and regulation

Written by Audit Partner, Dan Rose The crypto assets market is still relatively small, but rapidly growing, while many participants are SMEs and start-ups.   Since 10th January 2021, all UK crypto asset firms must be registered with the FCA under regulations to combat money laundering. It is a criminal offence to operate without such […]