Netagio Receives Assurance of Bitcoin Holdings Under ISAE 3000 Standards
British exchange Netagio (which deals with bitcoin, gold, and sterling trading) reported this morning that they have attained assurance for their bitcoin storage/holdings to an international standard (ISAE 3000). An independent review was conducted by BDO LLP, a professional services firm operating internationally, and it was found that Netagio has their stuff together, to be frank. The ISAE 3000 standard (where ISAE stands for International Standard on Assurance Engagements) was developed by the International Auditing and Assurance Standards Board (IAASB), and the idea is to ensure....
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LONDON - British Bitcoin Exchange Netagio, has today become the first Bitcoin exchange to attain assurance for their bitcoin storage with an international standard known as the ISAE 3000. ISAE 3000 - What is it? ISAE stands for International Standard on Engagement. It is an internationally recognized standard issued by the International Auditing and Assurance Standards Board, IAASB. A handbook provided by the IAASB explains that the ISAE standard deals with assurance engagements other than audits or reviews of historical financial information. Netagio Submits to the ISAE 3000 Audit. In....
British precious metal and bitcoin exchange Netagio has received ISAE 3000 standard certification for its bitcoin storage following a review by professional financial services firm BDO LLP. The news makes Netagio the first UK bitcoin company to comply with ISAE 3000. ISAE 3000 is internationally recognized by the International Auditing and Assurance Standard Board (IAASB), and assesses quality of assurance work, report verification, internal compliance, corporate governance and other areas of corporate responsibility. Review success. The company said it underwent the review earlier this....
UK-based bitcoin, gold, and sterling exchange Netagio made news this week with the announcement they had met ISAE 3000 standards when it comes to their bitcoin holdings, and now, some positive news for their clients who are looking for another means of funding their accounts. The exchange said they've partnered up with WalPay - a payments services provider based on the Isle of Man (which is quickly becoming a great place for bitcoin startups), which effectively means Netagio has secured new banking facilities that will allow clients to make deposits and receive international payments in....
This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin issuer’s reserves. The following day, Tether published its quarterly assurance opinion completed by BDO and it notes that the company has seen a 58% decrease in commercial paper reserves. Tether Hires BDO Italia, Company Publishes Quarterly Consolidated Reserves Report Tether Holdings Limited, the....
Digital currency storage service Elliptic has obtained ISAE 3402 accreditation - a global standard for financial reporting - from auditing specialist KPMG. The ISAE 3402 Type 1 or SOC1/2 review scrutinises various aspects of a business, including financial controls, regulatory compliance including AML and KYC measures, financial controls, code deployment, disaster recovery, segregation of duties and offline bitcoin storage techniques. The UK-based storage provider says it is the first bitcoin company to receive the accreditation and that ISAE 3402 indicates that the firm operates with the....