We have in-depth knowledge of local tax and legal nuances, which is especially important in the rapidly changing world of cryptocurrencies. This allows us to ensure your business complies with all legal requirements and find optimal solutions.
We provide specialized cryptocurrency services, including accounting for ICOs, tokens and cryptocurrency transactions. Our experience in this field allows us to accurately organize your accounting and advise you on tax optimization.
Every client is unique to us. We strive to understand your business so that we can offer the most appropriate solutions to best meet your needs.
In addition to direct accounting services, we offer training programs to help you and your employees better understand financial reporting and management in the cryptocurrency industry.
We value our clients' trust and strive for complete transparency in all aspects of our work. Our reports are clear and we are always available to answer any questions you may have about our methods and offerings.
€350 month
The price is valid until the turnover exceeds 2 times. The price is reviewed every 6 months.
Monthly price includes
The annual report is paid separately in the amount of 1 month's fee
€500 month
The price is valid until the turnover exceeds 2 times. The price is reviewed every 6 months.
Monthly price includes
The annual report is paid separately at 50% of the 1st monthly fee
€800 month
The cost is reviewed once a year
Monthly price includes:
If you’re interested in securing a cryptocurrency license in Estonia, it’s crucial to understand the process of confirming the existence and handling of virtual currencies. This guide provides a step-by-step overview of the requirements and procedures involved in obtaining the license.
Platforms like Kraken and Binance allow balance confirmation at year-end. Alternatively, one can retrieve asset balances through transaction history extracts
For platforms without confirmation options, auditors require formal sign-off on balances or physical verification of their existence and accuracy
If virtual currencies are stored on your computer, provide a list of wallet addresses used by December 31. Balance checks can be done through blockchain explorer websites like ethscan.io.
Ensure accurate recording of inventory values by using year-end market prices and comparing them to recorded values. If virtual currencies are stored on your trading platform, liabilities must be accounted for in euros using market prices as of December 31.
Confirm obligations by reconciling them with third parties. Focus on a random sample of customers and the largest customers. Automating this process is recommended for platforms with a large customer base. Platforms like Kraken already facilitate balance confirmations with auditors.
Provide auditors with an opportunity to review your internal control system to ensure accurate and reliable accounting of obligations.
For traders using third-party platforms, rely on transaction statements and reconcile them with accounting records. For those with internally created platforms, maintain a comprehensive database of all transactions, including transaction details and wallet information.
Ensure accurate conversion of sales revenue from virtual currency to cash when submitting data to auditors. Consider transaction fees and market price fluctuations, which can significantly impact reported sales revenue.
For companies with a large volume of transactions, manual verification using programs like Excel might not be feasible. Consider using specialized software for large-scale databases. Accessibility and transferability of data are crucial for auditors to analyze and control the entire transaction volume.
Changes in market prices of virtual currencies during the year can result in income or expenditure. Ensure proper accounting of these changes and provide auditors with the necessary information for verification.
All virtual currency service providers must ensure that their own funds meet the criteria set by the Money Laundering and Terrorist Financing Prevention Act and their activity license. Auditors verify and confirm the accounting of own funds with the Financial Intelligence Unit (FIU) once a year
Submit audited calculations of own funds based on the balance sheet at the end of the reporting period. Consider conducting the audit on the balance sheet day or an earlier date if practical.
Auditors should verify the volume of transactions, assets, and liabilities to ensure accurate calculation of own funds. Follow the instructions published by the FIU and the Ministry of Finance for proper handling of virtual currencies as intangible assets.
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