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Coin Edition
2023-03-09 07:30:11

Regulators Caution Crypto Investors on “Proof of Reserve” Reports

Regulators Caution Crypto Investors on “Proof of Reserve” Reports

On Wednesday, the Public Company Accounting Oversight Board (PCAOB) published an advisory cautioning investors against putting too much faith into the so-called “proof of reserve” reports that some cryptocurrency businesses have been presenting. The warning comes after the failure of prominent cryptocurrency startups like FTX prompted several auditing firms to stop offering this limited form The post Regulators Caution Crypto Investors on “Proof of Reserve” Reports appeared first on Coin Edition .

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