Monthly Crypto Roundup by CoinsDo: Apr 2025
10 mins read
April 2025 proved that the crypto market’s transformation isn’t just a series of isolated events — it’s a coordinated shift toward making digital assets a foundational part of the global financial system. From high-level regulatory moves to renewed institutional optimism, the month offered brief reprieve for the crypto bloodbath caused by the recent trade war. Here’s everything you need to know. Market Performance Bitcoin: Steady Amid Shifting Winds After a turbulent start to the year — including a record Bybit hack and rising global tensions — Bitcoin (BTC) finally found firmer footing in April. While BTC spent most of the month consolidating between $82,000 and $86,000, it ended April up 3.1%, buoyed by renewed institutional buying and geopolitical shifts favoring decentralized assets. Analysts noted that the relative calm in BTC pricing, despite ongoing macroeconomic uncertainty, signals growing maturity in the market. Ethereum’s Quiet Recovery Ethereum (ETH), after facing a “midlife crisis” moment in March, showed signs of resilience. Though ETH still trails some of its newer rivals in terms of transaction speed and cost-efficiency, key network upgrades to address Layer 2 integration issues were successfully initiated in mid-April. ETH prices rose modestly by 2.4% over the month, signaling cautious optimism among developers and investors alike. Altcoin Divergence While major altcoins like Solana (SOL) and Avalanche (AVAX) bounced back alongside Ethereum, April also saw the rise of niche Layer 1 networks offering specialized solutions for AI integrations and IoT applications. These projects captured attention from both venture capitalists and developers looking beyond traditional DeFi and gaming use cases. Key Developments 1. Cynthia Lummis Turns Up the Heat on the Fed In April 2025, Senator Cynthia Lummis made headlines by openly challenging the U.S. Federal Reserve’s handling of digital assets. In a fiery statement, Lummis vowed to "continue to hold the Fed accountable until the digital asset industry gets more than a life jacket," criticizing the Fed’s prior role in the debanking of crypto firms under the previous administration. With the end of "Operation Chokepoint"-style practices — where banks were unofficially discouraged from serving crypto companies — Lummis is now demanding proactive support, not just passive tolerance. Why it matters: From Defense to Offense: It's no longer about crypto fighting to survive — it's about pushing for mainstream financial integration. Political Will: The Trump administration is making crypto a policy priority, with Lummis as one of its most vocal champions. Industry Impact: Greater access to banking and financial services could unlock a new wave of growth for crypto startups and institutions alike. Lummis' push reflects a broader strategic shift: crypto is now seen not just as a disruptive force, but as a national asset worth defending and nurturing. 2. Federal Reserve Withdraws Crypto-Related Guidance On April 24, 2025, the Federal Reserve announced the withdrawal of its previous guidance that required banks to seek approval before engaging in cryptocurrency-related activities. This move completes a rollback of crypto restrictions from all three U.S. prudential banking regulators—the FDIC and the OCC had already rescinded their own guidance earlier in April and March 2025, respectively. Why it matters: Regulatory Clarity: Banks no longer need prior approval to engage in crypto activities, reducing uncertainty and encouraging participation. Innovation Support: The Fed's decision aligns with President Trump's campaign promise to ease restrictions on banks participating in legal blockchain ventures. Market Confidence: The removal of these guardrails is expected to boost confidence among financial institutions considering crypto services. This policy shift marks a significant departure from the previous administration's approach, signaling a more supportive environment for crypto integration within the traditional banking system. 3. SEC Chair Paul Atkins Advocates for Clear Crypto Regulations On April 25, 2025, Paul Atkins, the newly appointed chairman of the U.S. Securities and Exchange Commission (SEC), emphasized the need for clearer regulations for the cryptocurrency sector. Speaking at the SEC's crypto roundtable, Atkins criticized previous regulatory ambiguity for stifling innovation and acknowledged growing tensions between digital asset firms and the agency. Why it matters: Shift in Approach: Atkins' stance represents a move away from the enforcement-first approach of the previous administration, aiming for a more industry-friendly regulatory environment. Regulatory Development: The SEC has started revising its stance by developing new crypto regulations and pulling back on some enforcement actions. Global Implications: Clearer U.S. regulations could set a precedent for other countries, influencing global crypto policy. Atkins' leadership is expected to foster a more collaborative relationship between the SEC and the crypto industry, promoting innovation while ensuring investor protection. 4. Justice Department Disbands Crypto Enforcement Team In a significant policy shift, the U.S. Department of Justice (DOJ) announced on April 8 the disbandment of its National Cryptocurrency Enforcement Team. This decision aligns with directives from the Trump administration to reduce regulatory enforcement on digital assets and redirect focus toward issues such as immigration, gang violence, and drug crimes. Why it matters: Regulatory Shift: The move marks a departure from the Biden administration’s aggressive stance on crypto-related crimes, particularly targeting platforms like exchanges and mixers used to conceal illicit transactions. Industry Relief: The disbandment has been welcomed by crypto industry advocates, who criticized the previous administration's approach as overreaching. Focus on Criminal Use: The DOJ will now prioritize prosecuting individuals or groups that use cryptocurrency for direct criminal activities, such as terrorism, human trafficking, or fraud, rather than targeting developers or platforms peripherally involved. This change reflects the Trump administration’s broader strategy to bolster the cryptocurrency industry by reducing regulatory burdens and fostering a more crypto-friendly environment. Points of Interest Stablecoin Legislation Gains Momentum — But State Regulators Push Back At the TIME100 Talks event on April 26, industry leaders expressed renewed optimism about U.S. stablecoin legislation finally gaining traction, with bipartisan support growing for bills like the STABLE Act and the GENIUS Act. However, behind the scenes, major tensions surfaced between federal ambitions and state regulators. Previously, the Conference of State Bank Supervisors (CSBS) submitted a formal letter criticizing the draft STABLE Act. While broadly supportive of national stablecoin oversight, the CSBS warned that the proposed legislation poses significant risks to financial stability and consumer protection if not properly amended. Key concerns highlighted by the CSBS included: Federal Overreach: The draft Act would concentrate regulatory power at the federal level, sidelining the states that currently oversee over $50 billion in stablecoin activity. Operational Risk: The Act would allow payment stablecoin issuers (PSIs) to engage in risky non-stablecoin activities without adequate capital and liquidity safeguards, raising fears of systemic instability. Weak Consumer Protections: There is no clear bankruptcy protection for stablecoin holders if an issuer collapses, potentially exposing users to unexpected losses. State Parity Issues: The Act stacks the deck against state-regulated issuers by allowing "host states" to impose additional requirements, undermining the U.S.’s traditional dual banking system. The CSBS urged Congress to preserve cooperative federalism by strengthening reserve requirements, clarifying bankruptcy protections, and maintaining a meaningful role for state oversight. Why it matters: Legislative Risks: While the industry welcomes the push for clear rules, rushed or imbalanced legislation could introduce new systemic vulnerabilities. Structural Tensions: The growing conflict between federal ambitions and state protections underscores the complexity of regulating stablecoins, which straddle both banking and technology sectors. Investor Caution: Until these gaps are addressed, institutional investors may hesitate to fully embrace stablecoin-backed products, slowing broader market growth. Stablecoins remain the linchpin for connecting traditional finance with blockchain systems — but April 2025 showed that ironing out the details won't be smooth or uncontested. Final Thoughts After years of fragmented efforts and regulatory uncertainty, the tides are shifting - digital assets are cementing their role as essential pillars of the future financial system. But challenges remain. Security risks, regulatory balancing acts, and macroeconomic tensions continue to loom large. As the crypto market enters the summer months, momentum is building — but the next moves, especially from Washington, Beijing, and Brussels, will determine just how fast this transformation accelerates.
What is Litecoin?
5 mins read
Litecoin (LTC) was created in 2011 by Charlie Lee, a former Google engineer and a well-known figure in the cryptocurrency space. Lee designed Litecoin to address several perceived limitations in Bitcoin, particularly its transaction speed and scalability. His vision was to create a cryptocurrency that could handle everyday transactions more efficiently than Bitcoin, while still maintaining decentralization and security. Often referred to as the "silver to Bitcoin's gold," Litecoin has gained a reputation for its speed and efficiency, making it a popular choice for both investors and everyday users. Understanding Litecoin is crucial for anyone interested in the broader cryptocurrency market and its impact on digital payments. Main Features of Litecoin Faster Block Generation Litecoin’s primary technical advantage over Bitcoin is its faster block generation time—2.5 minutes compared to Bitcoin’s 10 minutes. This significantly reduces the time it takes to confirm transactions, making Litecoin more suitable for quick, small-value transactions. Transactions on the Litecoin network are confirmed within minutes, compared to Bitcoin, which can take up to an hour during periods of high congestion. In addition to its speed, the low transaction fees make Litecoin ideal for everyday use, from buying a cup of coffee to transferring funds internationally. Lower Transaction Fees Due to its design, Litecoin is known for its low transaction fees. This makes it an attractive option for both consumers and merchants who want to minimize the cost of digital payments. The average transaction fee on the Litecoin network is typically a fraction of a cent, even during periods of high network activity. Segwit Witness Technology In 2017, Litecoin became one of the first major cryptocurrencies to adopt Segregated Witness (SegWit), a technology that increases the block size limit and enhances the network’s scalability. Shortly after, Litecoin executed its first Lightning Network transaction, allowing near-instantaneous cross-border payments. How Does Litecoin Work? Litecoin operates as a decentralized cryptocurrency, using a blockchain to record transactions and a network of nodes to verify and validate them. Here's a breakdown of how Litecoin works: Blockchain Technology Like Bitcoin, Litecoin uses blockchain technology to maintain a public ledger of all transactions. When someone sends Litecoin, the transaction is bundled into a block and added to the blockchain. Litecoin's faster block time allows for more transactions to be processed within the same period compared to Bitcoin. Mining and Scrypt Algorithm Litecoin miners use computational power to solve complex mathematical problems and add new blocks to the blockchain. Unlike Bitcoin, Litecoin uses the memory-intensive Scrypt algorithm, which makes it harder for large-scale mining operations to dominate the network, promoting decentralization by allowing more individual miners to participate. While specialized hardware is now commonly used for mining, Scrypt still offers a slightly different approach than Bitcoin's SHA-256 algorithm. Proof-of-Work Consensus Litecoin relies on a Proof-of-Work (PoW) consensus mechanism, meaning that miners compete to solve mathematical problems, and the first one to solve it adds the next block to the blockchain. In return, they receive newly minted Litecoins as a reward. This system ensures that the network remains decentralized and secure. Litecoin Ecosystem and Notable Projects Litecoin has a robust ecosystem that supports a variety of use cases, from everyday payments to more advanced decentralized applications (dApps). Over the years, Litecoin has integrated with numerous services and platforms, enhancing its accessibility and functionality. Litecoin and PayPal In 2022, PayPal announced support for Litecoin, allowing millions of users to buy, sell, and hold Litecoin alongside Bitcoin, Ethereum, and Bitcoin Cash. This integration opened up Litecoin to a wider audience, making it easier for people to use it in day-to-day transactions. LiteBringer LiteBringer is a blockchain-based role-playing game that runs on the Litecoin network. It is one of the most successful examples of a decentralized application (dApp) built on Litecoin. The game allows users to make in-game transactions with Litecoin, showcasing the network’s speed and cost-effectiveness for real-time, micro-transactions. Litecoin is now Supported on CoinsDo CoinsDo is excited to announce that it now supports Litecoin transactions and the related LTC token. This new integration means that CoinGet and CoinSend can now efficiently manage these assets, providing users with a seamless and secure digital asset management experience. If you're in the market for a reliable, secure, and cost-effective digital asset management system, reach out to us to learn how CoinsDo can empower your business.
What Are Gas Limits? A Guide to Ethereum Transaction Fees
4 mins read
If you've ever sent an Ethereum transaction or interacted with a smart contract, you've likely come across the term gas limit. But what exactly does it mean, and why does it matter? In this guide, we'll break down gas limits, how they impact your Ethereum transactions, and best practices for setting them efficiently. What is a Gas Limit? Gas limit refers to the maximum amount of computational work you’re willing to allow a transaction to use on the Ethereum network. Every action on Ethereum—whether it's a simple ETH transfer or executing a smart contract—requires computational resources, and these resources are measured in gas units. Think of gas as the fuel needed to power Ethereum transactions. The gas limit, then, is like setting a cap on how much fuel your transaction can consume. How Gas Limits Work When you initiate a transaction, you must specify a gas limit. The Ethereum network then evaluates how much gas the transaction requires and processes it accordingly. Key Points About Gas Limits: Higher Complexity = More Gas: Simple ETH transfers require less gas than complex smart contract interactions. Unused Gas Is Refunded: If you set a gas limit higher than necessary, the unused gas is returned to your wallet. Too Low = Failed Transaction: If the gas limit is too low, your transaction will fail, but you’ll still pay for the gas used up to that point. Example of Gas Limits in Action How Are Gas Limits Different from Gas Prices? It’s easy to confuse gas limit with gas price, but they serve different roles: Gas Limit = Maximum computational work allowed for a transaction. Gas Price = The amount of ETH per unit of gas you are willing to pay (measured in gwei). Total transaction fee = Gas Limit × Gas Price For example, if you set: Gas limit: 100,000 Gas price: 50 gwei (0.00000005 ETH per gas unit) Then, the total fee would be: 100,000 × 50 gwei = 0.005 ETH What Happens If a Transaction Exceeds the Gas Limit? If a transaction requires more gas than the gas limit you've set, it will fail before completion. This typically happens when interacting with complex smart contracts that consume more gas than anticipated. When a transaction fails due to insufficient gas, the Ethereum network still charges for the computation it attempted before running out of gas. This means you’ll lose the ETH spent on gas up to that point, even though the transaction itself doesn’t go through. Best Practices for Setting Gas Limits Use Wallet Recommendations Most Ethereum wallets (e.g., Coinwallet) automatically suggest a reasonable gas limit based on the transaction type. Check Network Conditions When the network is congested, gas prices rise, and complex transactions may require higher gas limits to succeed. Avoid Overpaying While setting a very high gas limit ensures execution, it's unnecessary for simple transfers. Stick to the suggested amounts unless you're dealing with complex smart contracts. Some wallets allow you to preset a limit to avoid paying more than you’re comfortable with. Estimate Gas Before Sending Tools like Etherscan’s Gas Tracker and ETH Gas Station help estimate the optimal gas limits for different transaction types. Final Thoughts Understanding gas limits is crucial for efficiently using the Ethereum network. By setting appropriate gas limits, you can avoid failed transactions and optimize costs. Whether you're a beginner or an experienced crypto user, keeping an eye on gas settings ensures smoother transactions and prevents unnecessary expenses.
The Ultimate Guide to Crypto Treasury Management
10 mins read
Let’s start at the top: crypto treasury management is the process of managing a company’s digital assets — whether that’s stablecoins, native crypto like BTC or ETH, or tokens tied to DeFi protocols — with the same rigor and strategic thinking applied to traditional fiat reserves. At its core, it’s about protecting, allocating, and growing your business’s capital using blockchain-based financial tools. So instead of holding all your idle cash in a corporate checking account, you're: Holding stablecoins like USDC or EUROC as cash equivalents Allocating capital to generate yield via DeFi or CeFi Using crypto for cross-border payments, global payroll, or vendor settlements Managing risk through multi-sig wallets, policy frameworks, and on-chain visibility Navigating custody, compliance, and volatility with smart, modern infrastructure How Is It Different from Just “Investing in Crypto”? Great question — and one that trips a lot of teams up early on. While investing in crypto is mostly about individuals buying tokens for personal gain, crypto treasury management is about how companies use and manage digital assets strategically, operationally, and responsibly. You're not YOLO-ing into altcoins. You're: Protecting runway Improving capital efficiency Reducing friction across global operations Gaining financial agility in a 24/7 global economy It’s not just for DAOs or Web3-native orgs, either. More and more traditional companies, VCs, and even nonprofits are building digital asset treasury strategies — either to diversify, access new yield opportunities, or simply keep pace with how finance is evolving. Why It’s Emerging Now Crypto treasury isn’t new. But the infrastructure, tooling, and regulatory clarity needed to make it safe and scalable have only recently matured. Here’s what’s changed: Stablecoins have become more transparent, auditable, and usable across payment rails Enterprise-grade custody solutions like Fireblocks and Copper offer MPC and insurance coverage DeFi protocols have battle-tested risk models and institutional onboarding tools Regulators are beginning to provide clearer frameworks, especially around accounting and compliance Market leaders like BlackRock, PayPal, and Stripe are making crypto infrastructure more accessible In short: it’s no longer just for crypto-native companies. Crypto treasury is crossing the chasm. Let’s explore why this matters — and how it can unlock serious advantages for modern treasury teams. Why It Matters for Modern Businesses Traditional treasury systems just weren’t built for the pace and complexity of today’s markets. Between inflation, currency volatility, and cross-border payroll, businesses need faster, smarter ways to move and manage capital. Crypto treasury offers: 24/7 liquidity — no more waiting on banking hours Instant settlements — cut costs and speed up operations Borderless payments — pay teams or vendors globally, with ease Built-in optionality — from on-chain financing to real-world asset tokenization It’s not just about crypto for crypto’s sake. It’s about unlocking efficiency, agility, and financial control — without the old-world bottlenecks. But what does a modern crypto treasury actually look like in practice? Let’s break down the core building blocks. Core Components of a Crypto Treasury A successful crypto treasury isn’t built with vibes — it’s built with systems. Here’s what every modern treasury setup includes: A clear allocation strategy Stablecoins for liquidity, payments, and yield Reserve assets (BTC, ETH) for diversification DeFi or CeFi platforms for generating low-risk yield Secure custody infrastructure with multi-sig or MPC Governance policies to manage who can move funds and how Compliance & reporting tools like Bitwave, Cryptio, or Ledgible You don’t need to hold a dozen tokens — but you do need to design around control, clarity, and capital efficiency. Read more: Crypto Custody 101: How to Secure Your Treasury Like an Institution 1. Treasury Allocation Strategies The key to effective crypto treasury management? Smart allocation. Forward-thinking finance teams are breaking their digital assets into three buckets: Base layer: Stablecoins for short-term ops and liquidity Mid-tier: ETH/BTC for long-term reserves and network exposure High-risk: Select altcoins, DeFi LPs, or staking for strategic upside They’re also segmenting funds by time horizon: Operational runway (3–6 months in stablecoins) Strategic reserves (longer-term holdings or yield) And they’re distributing capital across platforms and chains to manage exposure. Read more: From Idle Cash to Smart Capital: How Stablecoins Can Boost Treasury ROI 2. Stablecoins: Your Digital Cash Layer Stablecoins like USDC, EUROC, and DAI are the backbone of crypto treasury operations. They’re: Pegged to fiat (usually 1:1 with USD or EUR) Instantly transferable across borders Ideal for global payroll, vendor payments, and cash parking Why finance teams love them: No banking delays Cheaper cross-border transfers Access to low-risk yield via staking or DeFi Just make sure you’re holding the right stablecoins (i.e., fully backed and transparent) and using proper custody infrastructure. Read more: How to Use Stablecoins for Treasury Management 3. CeFi vs DeFi for Yield: Which One’s Right? You’ve got assets. Now what? Two primary yield routes exist: CeFi (Centralized Finance): Turnkey platforms like Circle Yield, Anchorage, or Coinbase Institutional DeFi (Decentralized Finance): Permissionless protocols like Aave, Compound, and Lido Some companies go 80/20 CeFi/DeFi. Others run yield strategies like portfolios — testing, scaling, and diversifying over time. Read more: DeFi vs CeFi for Treasury Management 4. Security Best Practices for Crypto Treasury Management Security is the most important factor in managing a crypto treasury. Unlike fiat, lost or stolen crypto is almost impossible to recover. Here’s how to keep treasury funds safe: Choosing the Right Wallets Crypto assets should be stored using a combination of: Cold wallets (offline storage) – Best for long-term holdings; not vulnerable to online hacks. Multi-signature wallets – Requires multiple approvals for transactions, reducing insider risk. Custodial solutions (institutional-grade security) – Platforms like Fireblocks or Anchorage for organizations managing large funds. Implementing Strong Internal Controls Role-based access control – Only authorized personnel should have access to treasury funds. Multi-signature authentication – No single individual should be able to move large amounts of funds alone. Regular audits & monitoring – Track wallet activity to detect suspicious transactions early. Protecting Against Hacks & Fraud Use hardware wallets (Ledger, Trezor) for key storage. Enable two-factor authentication (2FA) on all accounts. Never store private keys in digital form (email, cloud, or shared documents). Regularly review and update security protocols. A secure treasury is a sustainable treasury—cutting corners on security can lead to massive losses. 5. Accounting, Audit & Compliance This is where crypto gets real for your finance team. Managing a treasury means managing: Cost basis vs fair market value Crypto tax implications Year-end reporting and audits Proof of reserves Modern tools like Bitwave, Cryptio, and Ledgible plug into your wallets and exchanges to: Track all transactions in real time Generate audit-ready reports Automate reconciliations with QuickBooks or NetSuite With regulators paying closer attention, crypto treasury compliance isn’t optional — it’s strategic. Read more: Crypto Accounting & Compliance: What Finance Teams Need to Know Getting Started: Your First 90 Days Not sure where to begin? Here’s a simple phased rollout: Phase 1: Policy & Custody Setup Define who can move funds Set up wallets with multi-sig or custodians Draft treasury governance policy Phase 2: Stablecoin Deployment Start with 5–10% of total treasury in USDC Test transfers, payments, and accounting tools Phase 3: Yield & Diversification Explore CeFi options first Start testing small DeFi positions Establish risk caps per platform Phase 4: Reporting & Compliance Sync with tax/legal teams Automate reporting Run simulations and audits Final Thoughts: Crypto Treasury Is a Competitive Advantage In a world where capital needs to move faster, stretch further, and deliver more ROI — crypto treasury management is no longer optional. It is: Programmable Composable Borderless And increasingly compliant Whether you’re a Web3-native org or a Web2 business looking to modernize, the opportunity is the same: build a smarter, more agile treasury system that works for your business.
Crypto Accounting & Compliance: What Finance Teams Need to Know
6 mins read
Crypto’s not a side hustle anymore. It’s sitting on balance sheets, powering payroll, and popping up in treasury strategies around the globe. But as adoption picks up speed, finance teams are running into the real complexity: accounting and compliance. If you’re in finance or accounting and you’ve been handed a wallet address and told “figure this out”… you're not alone. This post covers what you actually need to know to stay compliant, accurate, and audit-ready — whether you're under GAAP, IFRS, or some blend of both. 1. Crypto Isn’t A Single Asset Class Not all tokens are treated the same way. How you account for them depends on what they are and how your business uses them. Here’s the high-level rundown: Under GAAP Most cryptocurrencies (Bitcoin, ETH, stablecoins) are treated as intangible assets with indefinite lives. That means: Recorded at cost Written down if impaired No mark-up if value increases Yeah, it’s conservative. Even if your holdings 2x, the books won’t reflect it. Under IFRS IFRS offers a bit more flexibility. Crypto is also typically treated as an intangible asset, unless it’s actively traded as inventory (more on that below). However, under IAS 38, revaluation models are allowed for intangible assets with an active market. That means: You can write up the value of your crypto holdings (after any impairment), as long as there's a reliable market price. Gains go to other comprehensive income (OCI), unless realized. This difference can significantly impact your financial reporting and KPIs. Especially for multinational firms reporting under both GAAP and IFRS. 2. What If It’s Inventory? IFRS offers another route: under IAS 2, crypto can be classified as inventory if: It’s held for resale (i.e. a crypto exchange, broker, or trading firm), and Your business is in the business of buying and selling crypto. In that case, you can measure it: At lower of cost or net realizable value, or At fair value less costs to sell, if you’re a crypto broker-dealer (as permitted under IAS 2 para 3(b)) ⚠️ Reminder: This classification hinges on your business model. You can’t just label ETH as “inventory” because it sounds better — regulators will want to see that it aligns with how you operate. 3. Valuation: Choose Your Pricing Source Wisely Both GAAP and IFRS require you to use reliable, observable market prices — but there’s no “official” closing price for crypto. Here’s what smart teams are doing: Use trusted pricing feeds (CoinMarketCap, CoinGecko, or institutional feeds like Kaiko or Chainlink). Capture consistent snapshot timing — typically midnight UTC or local end-of-day. Keep detailed records of pricing source, timestamp, and valuation logic — especially for audit support. If you're under IFRS and using the revaluation model, this gets even more important, since price changes will affect your OCI. 4. Dealing with Tax and Jurisdictional Complexity No surprise here — crypto tax rules vary wildly by region. In the U.S. The IRS treats crypto as property. Every transaction can trigger: Capital gains/losses Ordinary income (from staking, mining, or airdrops) Compensation tax (for payroll in crypto) Under International Regimes (IFRS jurisdictions) Tax authorities in IFRS-aligned countries (e.g. UK, Singapore, Australia) may treat crypto as: Property or commodity, with capital gains/losses Income, when received (e.g., from mining, staking, airdrops) VAT/GST-applicable, depending on whether it's used as a “payment token” Each country may apply slightly different rules to similar events — so global finance teams need tight controls and excellent documentation. 5. Best Practices for Internal Controls (IFRS or GAAP Alike) Compliance doesn’t stop at the balance sheet. You need strong operational guardrails, especially when self-custody or DeFi is involved. Some non-negotiables: Wallet segregation: Separate operational wallets from treasury, and use multisig where possible. Approval flows: Treat crypto movements like you would wire transfers — no single point of failure. Reconciliation tools: Use platforms like Bitwave, Cryptio, or Ledgible to reconcile transactions to accounting records. Documentation: Maintain SOPs for everything — wallet creation, private key access, valuation methodology, transaction approvals, etc. 6. Don’t Wait for Accounting Standards to Catch Up Both the FASB (for U.S. GAAP) and IASB (for IFRS) are actively reviewing crypto-related standards, but the current frameworks are still evolving. Until then, top finance teams are: Proactively disclosing their crypto policies in financial statements Working closely with crypto-savvy auditors Logging every decision with the “why” behind the accounting treatment Being proactive here doesn’t just reduce risk — it builds credibility with investors and auditors. Final Word: Crypto Finance Is Growing Up Crypto used to be the wild west. Now it’s moving into the boardroom. And finance teams are on the front lines — building the frameworks, policies, and controls that’ll set the foundation for long-term adoption. Whether you're managing $100K in stablecoins or $100M in a multi-chain treasury, you need accounting systems that can keep up. Want to dig deeper into how crypto fits into your broader treasury and compliance strategy? 👉Check out our Ultimate Guide to Crypto Treasury Management