Questions tagged [audited]

Martino Wed Feb 12 2025 | 6 answers 1259

I've been hearing a lot about Tether recently and I'm wondering if it undergoes any kind of auditing process. I know it's a stablecoin, but I want to make sure it's safe and reliable before investing.

HanbokGlamour Fri Oct 18 2024 | 6 answers 1031

I am curious if PAXG, which is a digital asset claiming to be backed by physical gold, undergoes any form of auditing to ensure its authenticity and the accuracy of its gold reserves.

Martino Wed Oct 02 2024 | 6 answers 1628

I'm curious, how prevalent is the auditing process for cryptocurrency holders and traders? Specifically, how many individuals or businesses find themselves facing audits related to their cryptocurrency activities? Is this a widespread phenomenon, or is it still relatively uncommon? Additionally, what triggers these audits, and are there any preventative measures that can be taken to minimize the risk of being audited?

Valentina Sun Jul 14 2024 | 7 answers 1575

As a financial professional with a keen interest in cryptocurrencies, I often find myself wondering about the rigor and transparency surrounding various digital assets. One of the most established and trusted crypto exchanges, Kraken, is renowned for its security and strict auditing processes. However, I'm curious to know precisely which cryptocurrencies undergo these audits on Kraken's platform. Are there specific criteria that these cryptos must meet to be eligible for auditing? Or does Kraken audit a wide range of assets? Clarifying this information would greatly enhance my understanding of the exchange's practices and potentially guide my investment decisions.

Martino Mon Jul 08 2024 | 5 answers 792

In the realm of cryptocurrency and finance, the question of whether exchanges are audited looms large. Cryptocurrency exchanges serve as the vital intermediary between buyers and sellers, facilitating the trade of digital currencies. Given the immense sums of money that flow through these platforms, it begs the question: are these exchanges subject to rigorous auditing procedures? Are there independent bodies that scrutinize their financial records, ensure the safety of user funds, and validate the accuracy of transactions? In an era where transparency and trust are paramount, understanding the audit status of cryptocurrency exchanges is crucial for investors and traders alike.