Digital Currency and Blockchain Technology ServicesKeeping you ahead of the curve in a rapidly evolving landscape

Spend less time navigating accounting and tax issues and more time innovating emerging technologies.

Who We ServeOur dedicated accounting and tax professionals support investors and organizations of all sizes and structures. We advise digital currency and blockchain technology companies both domestically and internationally.

How You Benefit In an industry challenged by audit and tax complexities, unfolding regulations, volatility and potential theft, align yourself with expert advisors who can guide you through the disruption. Our specialized services and industry experience help you maximize tax advantages, safeguard your assets and keep your operations compliant.

Why We’re DifferentAt the forefront. Our team of experts provide critical insights on evolving accounting policies and procedures, based on our frequent discussions with industry leaders.

Extensive industry knowledge. We’ve been auditing leaders in the digital currency industry since 2015, including the Grayscale Bitcoin Trust.

Experience with an array of digital currencies. Our team has expertise in a variety of digital currencies, including Bitcoin, Ethereum, Ethereum Classic, Ripple, Zcash, Monero, Dash and Litecoin. We are also experienced with blockchain and other distributed ledger technologies.

Industry-specific auditing tools. Proprietary programs enable us to independently query blockchains for digital currency or other blockchain transactions.

Global expertise. We establish global holding structures that benefit from the commercial and tax regimes of other jurisdictions—promoting long-term global competitiveness for digital currency or token issuances.

Responsiveness. Based on our firm’s size and flexibility, you benefit from personal attention, frequent communication, quick issue resolution and proactive advice.

Friedman Digital Currency and Blockchain Technology Services

Keeping You Ahead of the Curve

What We Do

ACCOUNTING & ATTESTATION

Auditing financial statements for private or public companies

Analyzing accounting policies for cryptocurrencies

Implementing advanced tools to audit digital currency and other blockchain transactions

Navigating revenue recognition issues faced by companies in the digital currency industry

Assessing valuation of digital currencies held and proof of ownership

GOVERNANCE RISK & COMPLIANCE SERVICES

Providing scalable risk and control gap analyses, diagnostic reviews, and full RCM assessments against industry best prac-tices and frameworks, including: CCSS, FFIEC, NIST, ISO, CIS, COSO, NYDFS Title 23 NYCRR and similar regulations

Conducting SOC 1 and SOC 2 Reporting and/or “Readiness” Assessments

Developing and assessing BSA/AML/OFAC/FCPA/GDPR compliance programs

Performing Internal Audit services (Co-Sourcing/Outsourcing/Transformation)

Providing Enterprise Risk Management (ERM) and Value at Risk (VAR) assessments

CYBERSECURITY SERVICES

Performing security audits to identify vulnerabilities and security gaps

Conducting penetration tests and vulnerability assessments to ensure resiliency of networks and applications

Monitoring endpoints to detect and mitigate threats

Spearheading architectural reviews to ensure industry best practices

Performing incident response, which provides forensic support for companies that have been breached

DOMESTIC AND INTERNATIONAL TAX STRUCTURING & COMPLIANCE

Providing tax guidance for the development and execution of token issuances

Analyzing entity domestic and offshore structure to optimize tax benefits

Providing cryptocurrency compensation planning

Analyzing gain and loss strategies

Determining appropriate disclosures to mitigate exposure

Performing estate and gift planning for crypto holders

Meet Your Digital Currency AdvisorsRobert GrahamCPA, Partner & Digital Currency Practice LeaderBob’s in-depth knowledge of accounting issues related to digital currencies and blockchain technology integration, allows him to effectively help clients navigate the ever-changing industry. Bob is also an integral participant in the Firm’s SEC Practice, which assists private companies going public through initial public offer-ings, regulation A+ offerings and reverser mergers.

RGraham@friedmanllp.com | p 973.929.3627

Adnan IslamJD, MBA, LL.M., CPA, Partner & International Tax GroupAdnan Islam specializes in cross-border strategies, comprehensive inbound tax services, global information reporting and outbound U.S. tax incentives and credits to optimize international operations and transactions. He advises companies, owners and fund partners as they navigate the burgeoning blockchain and crypto currency spaces to optimize their tax structures and achieve compliance.

AIslam@friedmanllp.com | p 212.897.6416

Jacob LehmannManaging Director | Friedman CyZen LLCWith the rapidly evolving nature of the digital currency space, attackers are heavily targeting blockchain organizations. Jacob, working with his team of accredited cybersecurity experts, spearheads pro-active, innovative and custom-tailored solutions to help safeguard clients in the blockchain space. Additionally, Jake’s specialties include targeting and remediating security vulnerabilities including IT misconfigurations, exploitable systems, open source intelligence and information leaks.

JLehmann@cyzen.io | p 212.897.6422

Kevin HyamsCPA, FCA, CFE, Partner & Governance, Risk and Compliance Practice LeaderKevin has more than 30 years of experience serving the governance, risk and compliance needs of a broad spectrum of clients in data analytics, hedge fund, private equity, digital currency, gaming, retail, financial services, technology, amongst other industries.

KHyams@friedmanllp.com | p 212.842.7048

For close to a century, Friedman LLP’s tax, accounting and advisory services have helped an array of clients succeed. Friedman is listed among the top 40 national accounting firms. We support our diverse clientele through our locations in New York City, New Jersey, Long Island and Pennsylvania with access to worldwide resources as an independent member firm of DFK International.

Visit friedmanllp.com to learn more