8 ways crypto companies can improve their financial compliance in the US

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

The U.S. presents many obstacles to crypto companies, with a multiplicity of federal and state regulatory agencies having real or potential jurisdiction over the industry.

Its unique political environment has contributed to more governmental skepticism toward crypto than is seen in other countries, and high-profile punitive actions by the Securities and Exchange Commission are making many crypto companies nervous about maintaining a foothold in the U.S.

Despite all this, there is also high-profile support for crypto in the U.S., so many crypto companies will be unwilling to abandon or postpone entry to the U.S. market. While there may not be a single set of clear, comprehensive guidelines for crypto companies in the U.S., there are smart strategies that can help them stay on the right side of regulators. Below, eight members of

share tips to help crypto companies improve their accounting procedures and compliance standing in the U.S.The obvious answer is to use private blockchains. The entire purpose of blockchain is to enhance the ability to do credible accounting at scale. Permissioned access preserves privacy while lowering the cost of delivering provably raw data for accounting. Those proofs, rather than the data itself, can be sent for compliance to a blockchain shared with regulators.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

The U.S. presents many obstacles to crypto companies, with a multiplicity of federal and state regulatory agencies having real or potential jurisdiction over the industry.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 562. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

From Classroom to Blockchain: How Crypto Fuels Education Companies | CoinMarketCapThe education sector stands on the precipice of transformation, and Crypto presents a remarkable opportunity for financing growth. Education companies can unleash their true potential and make a lasting impact on learners worldwide. 🎓
Источник: CoinMarketCap - 🏆 290. / 63 Прочитайте больше »

Incentives Fuel A Factory Building Boom In The Battery Recycling IndustrySeveral US companies are ramping up investments in battery recycling thanks to generous government grants.
Источник: InsideEVs - 🏆 579. / 51 Прочитайте больше »

Some Broad Ripple businesses revert to normal business hours, citing financial concernsAfter recent efforts to improve safety in Broad Ripple, numerous bars and businesses are now reverting back to regular business hours after citing financial concerns.
Источник: wrtv - 🏆 598. / 51 Прочитайте больше »