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Digital Currency and Blockchain Technology
Digital Currency and Blockchain Technology
Keeping you ahead of the curve in an evolving landscape.
Overview
Friedman is proud to be at the forefront of this emerging industry, providing digital currency and blockchain technology services to both domestic and international clients. Our expertise enables you to innovate and create – knowing that your digital assets are secure.
Why choose Friedman LLP for your digital currency accounting needs?
- At the forefront: Our experts provide critical insights on evolving accounting policies and procedures. While regulations for digital currency transactions continue to evolve, Friedman is actively engaged in discussions with industry leaders and regulators.
- Extensive Industry Knowledge: Since 2015, we've been auditing leaders in the space, including the Grayscale Bitcoin Trust. Whether you're a digital currency or distributed ledger technology company, we understand the unique blockchain accounting challenges you face in this evolving regulatory environment.
- Experience with an array of digital currencies: Friedman’s professionals are experienced in a variety of currencies. We also have experience with blockchain and other distributed ledger technologies.
- Dedicated resources: Our dedicated team understands the complex challenges that companies face with digital currencies and the underlying technology, as well as the compliance requirements associated with these new and evolving markets.
- Global expertise: Friedman’s international tax experts develop global holding structures that take into account the benefits of commercial and tax regimes in other jurisdictions. This helps ensure long-term global competitiveness for your digital currency or token offer.
- Responsiveness: Our size and flexibility allow us to be more nimble and timely than larger firms, key characteristics in an industry that moves as quickly as digital currency. You will receive personal attention, frequent communication, quick resolution of issues, and proactive advice—the simple yet differentiating attributes among accounting firms.
Should you wish to explore how we might best serve your digital currency accounting needs, please contact us or a member of the digital currency services team.
Proud Members of:
Service Menu
Friedman LLP offers a full suite of audit, accounting, tax, and consulting services to the digital currency industry, including expertise in enterprise risk management (ERM), fraud assessment, and internal controls, to name a few.
Audit and Accounting:
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Audit and assurance services (public and private companies)
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Industry-specific accounting solutions, including valuation of digital currencies, proof of ownership of digital currencies, etc.
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SEC filing support
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Transactional support for initial public offerings, alternative public offerings and private investments in public equity
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Accounting and reporting services for companies with investments in early-stage distributed ledger, digital currency, and fin-tech companies.
Tax:
- Federal, state and local tax compliance and planning
- International tax planning
- Tax provision assistance and preparation
- Global structuring for digital currency or token offers
Consulting:
- Legal and regulatory compliance – e.g., Sarbanes-Oxley Act, Investment Advisers Act, FCPA, etc.
- Enterprise value at risk assessment and risk management services
- Anti-bribery and corruption assessments – e.g., FCPA, BSA/AML, ISO 37001, etc.
- SOX 404(a) and 404(b) ICFR “readiness” and assessment
- Internal controls assessment
- Internal audit - co-sourcing, outsourcing, transformation, and optimization
- IT audit and security assessments; cyber-security awareness
- SOC 1 and SOC 2 report “readiness” and assessment
- Accounting policies and procedures
- Productivity and process improvement and performance management and reporting – e.g., tax preparation workflow, performance dashboards, etc.
- Systems implementation, documentation and project management
Insights & Events
- June 23, 2022 [Access Recording] Nonprofits and Cryptocurrency: Fundraising in the Digital Age
Friedman LLP and The Giving Block have teamed up for an informative webinar focused on Nonprofit Fundraising in the digital age....
Read more - June 22, 2022 Nonprofits and Cryptocurrency: Fundraising in the Digital Age
Join Friedman LLP and The Giving Block for a webinar focused on Nonprofit Fundraising in the digital age. During the...
Read more - June 16, 2022 Senators Propose Major Crypto Legislation: And the Industry (Mostly) Approves
On June 7, 2022, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced the Responsible Financial Innovation Act (“RFIA”). If...
Read more - June 9, 2022 Consensus 2022
Friedman's Digital Currency Practice is thrilled to sponsor CoinDesk’s Consensus 2022 in Austin, Texas this June. This exciting conference showcases and...
Read more
- June 23, 2022 [Access Recording] Nonprofits and Cryptocurrency: Fundraising in the Digital Age
Friedman LLP and The Giving Block have teamed up for an informative webinar focused on Nonprofit Fundraising in the digital age....
Read more - June 16, 2022 Senators Propose Major Crypto Legislation: And the Industry (Mostly) Approves
On June 7, 2022, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced the Responsible Financial Innovation Act (“RFIA”). If...
Read more - April 22, 2022 Your Crypto’s Been Stolen: What Is Your Tax Recourse?
Cryptocurrency represents a paradigm shift for money as we know it — how we save it, how we invest it,...
Read more - March 21, 2022 A New Impossible Trinity: Divorce, Taxes, and Cryptocurrency
You’ve probably heard of Bitcoin. Even if you don’t own it, you likely know someone who does. Since its 2009 debut,...
Read more - February 4, 2022 A Good Harvest Can Wash Your Crypto Gains Away
Loss-harvesting is a strategy that can be used by investors to leverage the all so common dips of the cryptocurrency...
Read more - December 16, 2021 [Watch] Cryptocurrency Valuation and Reporting
Robert Graham, partner of Friedman’s Digital Currency practice, recently spoke at AICPA and CIMA’s 2021 Digital CPA Conference in Nashville where he...
Read more - February 17, 2021 Friedman LLP's Digital Currency Practice Joins Wall Street Blockchain Alliance
We are excited to announce that Friedman LLP has joined the Wall Street Blockchain Alliance (WSBA) as a Corporate Member. Robert...
Read more - February 15, 2021 Friedman Joins the Grayscale Match to Support Coin Center
Friedman is thrilled to join the Grayscale match and support Coin Center’s policy advocacy mission. “We are proud to be able...
Read more - December 10, 2020 Friedman LLP’s Digital Currency Practice Joins Chamber of Digital Commerce
Friedman LLP has been at the forefront of the digital currency industry for more than five years, helping an array...
Read more - December 8, 2020 How Donating Crypto Saves You Money On Taxes
There’s a reason high net worth individuals donate highly appreciate assets like crypto and stocks About 6 months ago, Twitter and Square...
Read more - November 17, 2020 Blockchain Technology Firms’ Transfer-Pricing Issues
Friedman's Farnaz Amini, Ph.D., and Adnan Islam, Esq., CPA, LL.M. were featured in a comprehensive article covering blockchain and transfer pricing....
Read more - October 14, 2020 [NEW] Outlook From the Inside: Video Blog
How Will the Presidential Election Impact Your Business Taxes? Watch today's segment, featuring emcee Michael Greenwald and guest speaker Robert Charron...
Read more - September 30, 2020 Friedman LLP Adds Verady’s Ledgible for Digital Asset Confirmations
Verady, the leading cryptocurrency tax and accounting software company, announced today to PR Newswire, that Friedman is using Ledgible as...
Read more - August 6, 2020 [Access Recording] Building Blockchain Infrastructure: Market Maturation Issues
Thank you for joining our webinar. If you missed it or would like to view again, access it any time...
Read more - June 24, 2020 Uncovering Cryptocurrency Investments during Divorce
“Cryptocurrency” has become a part of our vocabulary and plays an increasingly important role in our economy year after year....
Read more - April 20, 2020 Friedman’s Digital Currency Practice Featured in Special 2020 Lineup
It is an honor to be recognized among our esteemed counterparts in Blox’s, “Top Crypto Accounting and Tax Firms You Should...
Read more - February 27, 2020 Friedman's Digital Currency Experts Present in Digital Currency Group Webinar
As the digital currency landscape continues to evolve, it’s important for investors to keep their finger on the pulse of...
Read more - January 20, 2020 Congratulations to Lukka for Achieving an Exciting Milestone
Lukka, a blockchain-native technology company, received both Service Organization Control SOC 1 Type 2 and SOC 2 Type 2 attestation reports. Lukka’s...
Read more - January 20, 2020 Congratulations to Grayscale Bitcoin Trust
Grayscale Investments recently became an SEC reporting company. To learn more about their milestone accomplishment, head here....
Read more - October 15, 2019 IRS Releases First Cryptocurrency Tax Guidance in Five Years
On October 9th, the Internal Revenue Service (IRS) issued the first cryptocurrency tax guidance since 2014, advising digital currency holders...
Read more - September 18, 2019 The Good, The Bad and The Cost Basis - Accounting Blockchain Coalition Webinar
Friedman's cryptocurrency expert recently featured in an Accounting Blockchain Coalition webinar regarding digital currency. Access the full recording above!...
Read more - March 29, 2019 Friedman Cybersecurity and Digital Currency Experts to Speak at Crypto Invest Summit
New York — March 26, 2019 — Friedman is a proud sponsor of the 2019 Crypto Invest Summit. Steve Baum,...
Read more - February 20, 2019 What Every Nonprofit Needs to Consider Before Accepting Crypto Currency Donations
With the growing popularity of digital currency, many nonprofits have begun accepting such currency as a form of contribution. However,...
Read more - February 18, 2019 Blockchain, the Answer to Quality Assurance in the Pressure-Filled Diamond Industry
Today’s diamond industry is fraught with ever-growing challenges, including those associated with transparency, privacy, traceability, compliance and trust. Compliance costs...
Read more - January 30, 2019 Libra Becomes the First Crypto-Native Technology Company to Receive SOC 1 Type 2 Attestation Report
On January 24, Libra announced that it had become the first crypto-native software company to receive a Service Organization Control (SOC)...
Read more - October 23, 2018 Digital Currency 101
Two of Friedman's digital currency experts, Robert Graham and Joshua Santos, recently authored an insightful article for MicroCap Review Magazine....
Read more - March 23, 2018 Steve Baum Talks Cryptocurrency in Exclusive Interview with TheBit Daily
Friedman’s Senior Manager, Steve Baum describes the evolution of his cryptocurrency passion, shares his educational accounting advice and explains how...
Read more - January 31, 2018 5 Tips to Keep Cryptocurrency in your Wallet and out of Thieves’ Pockets
If you own digital currency or are ready to invest in the space, it pays to know best practices to...
Read more - December 9, 2017 New York Post Features Expert Cryptocurrency Insights from Robert Graham, CPA Partner
Friedman's digital currency expert, Robert Graham, CPA, Partner was featured in an exclusive interview with the New York Post. Read his...
Read more - December 1, 2017 Friedman LLP's Bob Graham Featured in MarketWatch
Friedman LLP’s Robert Graham shares vital insights in MarketWatch’s “Uncle Sam is coming after your bitcoin gains” article. In discussing...
Read more - October 2, 2017 Breaking News: IBREA announces Friedman LLP Bronze Level Corporate Partnership
Alexandra Levin Kramer, President of IBREA shares, “We are very pleased to have Friedman LLP join us as a Corporate...
Read more - August 7, 2017 Bitcoin Investors Must Report Gains to the IRS
Learn how to follow the law by accurately reporting your gains to the Internal Revenue Service as you enjoy your...
Read more
- June 22, 2022 Nonprofits and Cryptocurrency: Fundraising in the Digital Age
Join Friedman LLP and The Giving Block for a webinar focused on Nonprofit Fundraising in the digital age. During the...
Read more - June 9, 2022 Consensus 2022
Friedman's Digital Currency Practice is thrilled to sponsor CoinDesk’s Consensus 2022 in Austin, Texas this June. This exciting conference showcases and...
Read more - May 6, 2022 Real Estate Institute 2022 Symposium
Join Friedman and CyZen at this year's Real Estate Institute 2022 Symposium where we will take part in two live panel...
Read more - April 6, 2022 DCIL Presents: Introduction to Cryptocurrency Taxation
Steven Baum, partner at Friedman LLP, will provide a high-level overview of cryptocurrencies and how cryptocurrencies, NFTs, and various tokens...
Read more - October 25, 2021 AICPA and CIMA Government and Not-for-Profit Training Program
Technology is rapidly changing and organizations are having to make significant investments to keep up pace. In the session "Living Your Best...
Read more - September 9, 2021 The Blockchain Real Estate Summit
The Blockchain Real Estate Summit is the event for Real Estate Blockchain, Real Estate Tokenization and Real Estate Security Tokens being...
Read more - August 19, 2021 Accounting Today Web Seminar: Leveraging cryptocurrency to grow your business
Crypto assets reporting may be one of the biggest challenges — and opportunities — for tax professionals during the current...
Read more - May 24, 2021 Consensus Virtual Conference
Friedman’s Digital Currency and Blockchain Technology Practice is proud to be the premier sponsor at this year’s Consensus virtual conference. Learn...
Read more - November 4, 2020 Digital Assets, Cybersecurity, and Audits Tech Session Teleconference
Steven Baum, CPA and Partner, will present on a teleconference event with the New York Society of CPA's on November 4, 2020....
Read more - October 20, 2020 Accounting and Finance Show USA
Friedman is excited to take part in this year’s Accounting and Finance Show USA. Tune in on 10/21 to hear partners,...
Read more - August 5, 2020 Building Blockchain Infrastructure: Market Maturation Issues
Crypto markets have slowly evolved and garnered a lot of institutional interest in the past few months. However, is the...
Read more - July 23, 2020 [Webinar RSVP] Nonprofits and Cryptocurrency - Fundraising in the Digital Age
Join Friedman LLP and The Giving Block for a webinar focused on Nonprofit Fundraising in the digital age. During the program,...
Read more - November 12, 2019 Consensus: Invest 2019
Friedman is excited to sponsor the Consensus: Invest 2019 conference on Tuesday, November 12! Attendees will learn how to invest,...
Read more - September 12, 2019 Cryptocurrency Webinar: The Good, the Bad and the Cost Basis
On Thursday, September 12, Friedman's Steve Baum will be participating in a webinar hosted by the Accounting Blockchain Coalition highlighting the...
Read more - June 5, 2019 Blockchain, Accounting, Audit and Tax Conference
We are excited to announce our participation in the upcoming Accounting Blockchain Coalition annual Blockchain, Accounting, Audit and Tax Conference! On June...
Read more - May 13, 2019 Consensus 2019
Friedman is proud to be a sponsor of Consensus 2019! This well known conference brings together over 8,500 attendees and...
Read more - April 9, 2019 2019 Crypto Invest Summit
We are excited to announce Friedman's sponsorship at the 2019 Crypto Invest Summit! Steven Baum, Principal, will be speaking on the Legal,...
Read more - April 3, 2019 W(e)3 Women's Blockchain Network
Friedman's Digital Currency Practice and Women's Development Network are proud to sponsor the W(e)3 Women's Blockchain Network featuring speaker Donna...
Read more - November 27, 2018 Friedman Sponsors Second Annual Consensus: Invest | November 27, 2018
Friedman is excited to sponsor the second annual Consensus: Invest conference on Tuesday, November 27! Discover the next big trend...
Read more - October 31, 2018 [Firespring Webinar] 5 Trends Shaping a New Reality for Nonprofits
Friedman LLP is hosting an exclusive webinar in collaboration with Firespring. Join host, Nonprofit Practice Leader Amish Mehta as we examine how...
Read more - May 14, 2018 Coindesk Consensus 2018 Conference | May 14-16
Friedman LLP is sponsoring and exhibiting at the Consensus 2018 May 14-16 at the New York Hilton Midtown! The 4th...
Read more - February 26, 2018 Blockchain Breakfast Series: Tax, Estate and Financial Planning Issues for Cryptocurrency Owners | February 26
Tax season is upon us and if you are a token or crypto holder, 2017 was possibly an extraordinary year...
Read more - November 28, 2017 Coindesk "Consensus: Invest" Conference | November 28
Friedman LLP’s Digital Currency Practice is excited to be a sponsor at Consensus: INVEST 2017. Stop by Exhibit #13 on...
Read more - October 10, 2017 IBREA Blockchain & Real Estate Conference| October 10th
Friedman LLP is a proud Bronze Sponsor of the International Blockchain Real Estate Association’s (IBREA) second annual conference, held this...
Read more - May 22, 2017 Consensus 2017 | May 22-24
Friedman LLP will sponsor Consensus 2017 presented by CoinDesk from May 22-24 at the New York Marriot Marquis. The 3rd...
Read more