Deloitte to Work with Australian Bitcoin Lobby on ‘Regulatory Changes’
Deloitte has announced its partnership with the Australian Digital Currency Commerce Association (ADCCA) to “work on the strategic, tax and regulatory changes that will need to happen” in Australia. The world’s fourth-largest accountancy firm will form a working group with ADCCA members, tasked, iTnews reports via Silicon Angle. The focus of the group is due to comprise “creating accounting practices” for businesses dealing with Bitcoin and other cryptocurrencies. Speaking about the news, Deloitte Australia partner Jonathan Perkinson underlined the firm’s long standing interest in the....
Related News
Professional services company Deloitte has partnered with an Australian digital currency trade group to develop new accounting guidelines for businesses that handle bitcoin. According to a report by Australian business news service iTnews, Deloitte will cooperate with the Australian Digital Currency Commerce Association (ADCCA) as part of a working group focused on accounting and self-regulation standards. Deloitte Australia partner Jonathan Perkinson told iTnews that "digital currencies have a lot of momentum" and that more work is needed to clarify key tax and regulatory issues. "With....
According to iTnews, leading accounting firm Deloitte has joined the Australian Digital Currency Commerce Association (ADCCA) to create accounting standards for cryptocurrency-based businesses. Australian Digital Currency Commerce Association is the country's leading council, representing the cryptocurrency businesses. Deloitte director Taralyn Elliott and partner Jonathan Perkinson are leading the initiative. Speaking to iTnews, Perkinson said, "Deloitte has had an interest in digital currencies for quite some time, so this was a great opportunity to get involved. Digital currencies have....
Deloitte unveiled their new personal Bitcoin ATM machine in their Toronto office off Yonge St. The Bitcoin ATM itself will be used heavily by Deloitte’s Rubix division which specializes in Blockchain technology. This will provide Deloitte with a faster and simple option when buying Bitcoin for their Blockchain research and development. With a public launch on Sept 7, now anyone can use their ATM at the Rubix office on the 2nd floor lobby. The Bitcoin ATM will be able to buy and sell Bitcoin with a 1% fee for both buying and selling. The ATM itself was made by Ottawa-based BitAccess and....
‘Big Four’ accounting firm Deloitte is launching a new blockchain-focused research and development lab in New York. The lab, based in the Wall Street district, is the second formal blockchain-focused lab opened by the consultancy after its Ireland division launched a similar facility in Dublin last May. More than 20 developers and specialists will be based out of the New York lab, Deloitte said, focusing on a clientele that will, at least initially, draw primarily from the area’s financial services industry – though the firm said that the lab will see it work with companies from other....
Jon Watts, director of enterprise services at Deloitte, has weighed in on Bitcoin regulatory issues with clear and cogent arguments. Watts' thesis is that Bitcoin is at the crossroads, and the race to regulate it could be happening much too soon. Deloitte is a professional services firm headquartered in New York. Considered one of the Big Four auditory firms along with PwC, Ernst & Young, and KPMG, Deloitte is the second-largest professional services network in the world by revenue and largest by the number of professionals. The company provides audit, tax, consulting, enterprise risk and....