Category: Financial Reporting
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[Animoca Brands Corporation Limited] Annual Report for the financial year ended 31 December 2021
![[Animoca Brands Corporation Limited] Annual Report for the financial year ended 31 December 2021](https://web3accountant.online/wp-content/uploads/2025/07/下载-1-2.png)
Animoca Brands is a Web3 leader that leverages tokenization and blockchain to deliver digital property rights to consumers, helping to establish the open metaverse and its associated network effects. It has received broad industry and market recognition including Fortune Crypto 40, Financial Times’ High Growth Companies Asia-Pacific, Top 50 Blockchain Game Companies 2025, and Deloitte Tech Fast.Animoca Brands realizes… Read more
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[EY] President Trump signs the nation’s first federal digital asset regulation into law
![[EY] President Trump signs the nation’s first federal digital asset regulation into law](https://web3accountant.online/wp-content/uploads/2025/01/ey.jpg)
On July 18, 2025, President Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins Act, also known as the GENIUS Act. The GENIUS Act marks the first US federal law providing a broad legal framework for digital assets products, including oversight and requirements for payment stablecoins. In doing so, it aims… Read more
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[CFO DIVE] GENIUS Act leaves stablecoin accounting, risk gaps
![[CFO DIVE] GENIUS Act leaves stablecoin accounting, risk gaps](https://web3accountant.online/wp-content/uploads/2025/07/OIP.jpg)
U.S. lawmakers nudged open the door to greater stablecoin adoption with a series of crypto- and digital asset-related acts last week — with President Donald Trump signing the GENIUS Act into law and the House of Representatives passing both the Digital Asset Market Clarity Act of 2025 or CLARITY Act, as well as the Anti-Central Bank Digital Currency Surveillance… Read more
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Part 1 – IFRS ACCOUNTING FOR CRYPTO AND STABLECOINS
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[SDM] Q2 2025 Market Overview
![[SDM] Q2 2025 Market Overview](https://web3accountant.online/wp-content/uploads/2025/07/下载-1.jpg)
Q2 wasn’t defined by price moves—it was shaped by shifts beneath the surface. While digital asset markets remained relatively stable, corporate adoption advanced and policymakers started catching up. In the U.S., the Senate passed the GENIUS Act, the first major federal crypto legislation designed to put stablecoins on a path toward regulatory clarity. The downstream… Read more
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[Thomson Reuters] How the GENIUS Act impacts stablecoin tax and accounting reporting standards
![[Thomson Reuters] How the GENIUS Act impacts stablecoin tax and accounting reporting standards](https://web3accountant.online/wp-content/uploads/2025/07/下载-1.png)
On June 17, 2025, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act—better known as the GENIUS Act. This legislation introduces a comprehensive federal framework for the regulation of payment stablecoins. For tax and accounting professionals, the GENIUS Act is more than just a policy milestone—it’s a signal that stablecoins are entering the mainstream… Read more
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[ripple] Agenda Consultation Invitation to Comment
![[ripple] Agenda Consultation Invitation to Comment](https://web3accountant.online/wp-content/uploads/2025/07/下载.png)
We appreciate the opportunity to provide input on potential future agenda items for the FASB (the “Board”), from the perspective of a private company preparer and an active participant in the evolving digital asset 1 space. Accounting for Crypto Creators – Aligning Standards with Economic Reality We want to highlight a significant gap in the… Read more
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[SoDA] Bridging Borders: SoDA’s Role in International Crypto Accounting
![[SoDA] Bridging Borders: SoDA’s Role in International Crypto Accounting](https://web3accountant.online/wp-content/uploads/2024/09/微信图片_20240919214226.png)
The number of ‘crypto native’ and traditional businesses that transact with digital assets has seen unprecedented growth in recent years. This adoption of a new asset class has necessitated an increased focus on accounting for tax reporting and operations management purposes; however, international accounting practices continue to evolve, and the systems required to convert on-chain… Read more
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[ISCA] Auditing Crypto Assets: How To Verify Existence And Ownership
![[ISCA] Auditing Crypto Assets: How To Verify Existence And Ownership](https://web3accountant.online/wp-content/uploads/2024/09/下载-2.png)
As of 11 February 2025, the number of financial institutions licensed by the Monetary Authority of Singapore (MAS) to provide Digital Payment Token services has surpassed 30, and it continues to grow. With Bitcoin reaching an all-time high, there is increasing demand to verify the existence and ownership of cryptocurrencies (crypto) in financial audits and… Read more
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[The CPA Journal] Auditing Cryptocurrency Companies
![[The CPA Journal] Auditing Cryptocurrency Companies](https://web3accountant.online/wp-content/uploads/2025/03/下载-7.png)
Recent events in the cryptocurrency industry highlight the risks for investors and customers—as well as auditors. This article summarizes the international, U.S. GAAP, and PCAOB auditing standards and practices relevant to audits of crypto companies. To better understand the auditing environment for, and the riskiness of, cryptocurrency companies, the audit reports and financial statements of… Read more