Despite the headlines surrounding the crypto asset ecosystem, many traditional businesses have opened crypto wallets in the background. This may be to support planned activity involving crypto assets or for contingency purposes. Whatever the underlying reason, it is no longer unreasonable for treasurers to be asked to open a wallet. In response to queries from the treasury community, the ACT, in conjunction with experts from Circle, KPMG and Ramparts has compiled a guide to help treasurers assess their requirements.
This guide has been developed to provide treasurers with a series of questions that will help them identify what type of wallet they need and some of the tax, accounting, and operational aspects that will require consideration.
