RATE Group | Ernst & Young Have Acquired Cryptocurrency Investment Software
39980
wp-singular,post-template-default,single,single-post,postid-39980,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ernst & Young Have Acquired Cryptocurrency Investment Software

25 Aug Ernst & Young Have Acquired Cryptocurrency Investment Software

Posted at 03:00h in Cryptocurrency News by

[ad_1]

Cryptocurrencies are continuing to break new grounds within traditional finances. An increasing number of  major firms continue to explore digital currency investment software.

E&Y’s Foray Into Cryptocurrencies

Ernst & Young has acquired a software developed by a Silicon Valley-based startup called Elevated Consciousness in order to manage investments executed in cryptocurrencies.

The software in question is called Crypto-Asset Accounting and Tax (CAAT). It was bought by Ernst & Young’s Americas Tax Innovation Foundry with the intention to facilitate their clients in investing in crypto assets. Speaking on the matter, Michael Meisler, a partner at the company said:

CAAT will allow us to help clients investing in crypto-assets, both in the fund space and beyond.

It’s also noteworthy that the leader of the Foundry also hinted for an increased interest in cryptocurrencies on behalf of the company’s clients:

I look forward to all the opportunities in tax and accounting that…

[ad_2]

Source link