Digital Currency 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 Bitcoin Investment Trust.

Experience with an array of digital currencies. Our team has expertise in several digital currencies, spanning 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 query internally maintained blockchains for selected cryptocurrencies.

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 commu-nication, quick issue resolution and proactive advice.

Friedman LLP Digital Currency 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 transactions on the respective blockchain

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

Assessing valuation of digital curren-cies held and proof of ownership

INTERNATIONAL SERVICES

Advising on international token issuances by:

• Establishing and optimizing offshore structures

• Analyzing and planning for income recognition and taxes payable

• Determining tax treatment of token awards

Analyzing the treatment of gains and losses

Providing compensation planning — advice related to using equity and tokens as compensation for founders, employees and consultants in the U.S. and abroad

DOMESTIC TAX STRUCTURING & COMPLIANCE

Providing tax guidance for the develop-ment and execution of issuances

Analyzing entity structure to minimize taxes

Providing cryptocurrency compensation planning

Analyzing gain and loss strategies

Determining appropriate disclosures to mitigate exposure

Performing estate and gift planning for crypto holders

CYBER SECURITY 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

Meet Your Digital Currency Advisors

Robert GrahamCPA, Partner & Digital Currency Practice Leader

Robert’s in-depth knowledge of the accounting issues that investors, Initial Coin Offerings and organizations face allows him to effectively help clients navigate the ever-changing digital currency industry. Bob is also an integral participant in the Firm’s SEC Practice, which assists private companies going public through services such as the analysis of complex equity instruments.

RGraham@friedmanllp.com | p 973.929.3627

Brian KristiansenCPA, Partner

Brian Kristiansen has approximately 15 years of public accounting and tax experience, with a specialization in tax consulting for blockchain and cryptocur-rency companies and hedge funds. This includes entity structuring, crypto com-pensation and mining. He develops tax strategies for clients through all stages of their life cycle.

BKristiansen@friedmanllp.com | p 973.929.3642

Ryan DudleyCPA, CA, CTA, MIT, Partner & Practice Leader - International Tax Group

Ryan Dudley specializes in developing cross-border commercial structures and financing strategies to optimize international operations and transactions. He has over 20 years of public accounting and investment advisory experience, serving clients from Fortune 50 multi-national corporations to startups. Ryan has also advised multiple ICOs.

RDudley@friedmanllp.com | p 212.842.7095

Jacob LehmannManaging Director | Friedman CyZen LLC

With the rapidly evolving nature of the digital currency space, attackers are heavily targeting blockchain organizations. Jacob, working with his team of accredited cyber security 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@FriedmanCyZen.com | p 212.897.6422

For more than 90 years, Friedman LLP’s tax, accounting and advisory services have helped an array of clients succeed. Friedman is among the top 20 New York area accounting firms and is listed among the top 50 nationally. 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