Grant Thornton LLP in the U.S. has announced that it audited more than $10bn in cryptoassets during the first three months of 2019, covering 40 different cryptocurrencies across more than 100m addresses. “Cryptocurrency companies must contend with an auditing challenge that is at once simple and complex,” says Johnny Lee, national practice leader for Forensic Technology Services at Grant Thornton. “First, can you prove that you own and control the assets you are claiming as yours? And, second, do those assets really exist – and can you prove as much?”

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