Cryptocurrencies are continuing to break new grounds within traditional finances. An increasing number of major firms continue to explore digital currency investment software.
E&Y’S FORAY INTO CRYPTOCURRENCIES
Ernst & Young has acquired a software developed by a Silicon Valley-based startup called Elevated Consciousness in order to manage investments executed in cryptocurrencies.
The software in question is called Crypto-Asset Accounting and Tax (CAAT). It was bought by Ernst & Young’s Americas Tax Innovation Foundry with the intention to facilitate their clients in investing in crypto assets. Speaking on the matter, Michael Meisler, a partner at the company said:
“CAAT will allow us to help clients investing in crypto-assets, both in the fund space and beyond.”
See more - https://bitcoinist.com/ernst-young-investment-software/
