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Journal of Accountancy · Recently

Stablecoin reporting: AICPA’s updated criteria includes controls

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 Stablecoin reporting: AICPA’s updated criteria includes controls. Worth reviewing for potential client impact.

Summary

A new section in the AICPA’s guide to stablecoins supports operations related specifically to the reporting of asset-backed fiat-pegged tokens.

Classification

Category: fyiPriority: importantReason: Contains 'update' - significant update

Applies To

payroll

Affected Groups

Payroll/employment tax specialists

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

Read original article