Back Office Solutions for Crypto Compliance and Reporting
Amberdata’s institutional-grade data infrastructure gives your back office the ability to confidently address accounting, administration and compliance in this complex, decentralized asset class. This infrastructure is crucial for efficient back office management for cryptocurrencies.
Learn About Digital Asset Data
Back Office Use Cases
Tax, Accounting & Administration
Compliance
Tax, Accounting & Administration
Simplify the Complex
The complex nature of digital assets and DeFi complicate accounting and tax compliance. The number of transactions associated with a DEX liquidity provider — token transfers, staking tokens into pools, obtaining fees, rewards, and more — shows the complexity.
With each transaction, there's potential to make or lose money. Amberdata's comprehensive, granular data makes accounting and tax compliance possible, facilitating robust crypto transaction monitoring processes.
Bring Efficiency and Confidence to Digital Asset Accounting
Amberdata provides comprehensive historical and real-time fundamental (on-chain) and market data, eliminating the need to source and integrate data from multiple vendors. Unlike competitive solutions, Amberdata’s data is granular, so you can:
- Generate balance sheets, income statements, cash flow statements, and other essential accounting documentation using your current process
- Confidently report returns
- Understand and report on your organization’s tax exposure
- Easily respond to audits
Compliance
Stay Ahead of Regulatory Change
Major regulatory changes are coming for cryptocurrencies and other digital assets. Digital assets’ complexity and decentralized nature means that regulatory compliance is, and will continue to be a major challenge. Robust digital asset compliance solutions are essential.
Comprehensive data for regulatory compliance
To ensure compliance, you'll need to access data stored across multiple blockchains, and centralized/decentralized exchanges.
Amberdata is the only digital asset data provider offering comprehensive, historical and real-time fundamental (on-chain) and market data, eliminating the need to source and integrate data from multiple vendors.
Gain visibility into the cryptoeconomy
The decentralized and pseudonymous nature of much of the cryptoeconomy makes KYC/AML (know your customer/anti-money laundering) compliance difficult. However, for regulated financial institutions to enter this asset class, it’s essential to ensure and demonstrate compliance.
Amberdata’s comprehensive and granular on-chain data can be used to determine the address of every wallet you interact with to ensure your institution is not associated with known bad actors.
Regulations are evolving and data is key
While regulated financial institutions can respond to audits on current asset classes with relative ease, how will they deal with digital assets? What reports will be requested, and what data will be required to quickly and confidently create these reports?
Amberdata’s deep expertise has allowed us to build proprietary datasets that are indexed, searchable and normalized to time series so you can answer any question about your digital assets.
Get Started With Amberdata
Let us know what you'd like to see or the information you need and we'd be happy to tailor a quick demo to your needs.
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