Digital Asset Licensing & Regulatory Advisory

Specialized advisory and audit services supporting cryptocurrency businesses through licensing processes and regulatory compliance requirements. Citrin Cooperman's 30+ member Digital Asset Practice provides comprehensive support for obtaining and maintaining financial services licenses across multiple jurisdictions.

Regulatory Compliance Advisory

Citrin Cooperman delivers end-to-end regulatory compliance advisory services including anti-money laundering (AML), bribery and corruption, and know your customer (KYC) compliance program development. The practice provides strategic regulatory advisory for evolving cryptocurrency regulations and conducts comprehensive risk and internal control analysis including SOX 404 compliance for public digital asset companies.

Regulatory Audit Services

The firm performs specialized audits to support licensing applications and renewals, including BitLicense and state-level regulatory compliance audits, bank charter and federal regulatory examination support, and audits required for digital asset exchange licensing. Citrin Cooperman assists clients in preparing for regulatory filings and license renewals, ensuring comprehensive documentation and compliance readiness.

Financial Statement Audits for License Applications

Citrin Cooperman's audit practice delivers GAAP and IFRS audits for digital asset companies seeking licenses, financial statement audits for cryptocurrency exchanges and trading platforms as required by regulators, SOC 1 and SOC 2 reporting for cryptocurrency custody and exchange platforms, and agreed-upon procedures for digital asset reserves (proof of reserves). These audits are designed to meet the rigorous standards demanded by financial regulators.

Investor Readiness & Regulatory Preparation

The practice provides pre-audit accounting systems and internal control assessments to ensure clients are prepared for regulatory scrutiny. Services include preparation for institutional investment due diligence, investor readiness preparation including financial due diligence, and regulatory audit preparation to streamline the licensing process.

Ongoing Compliance Support

Beyond initial licensing, Citrin Cooperman offers regulatory monitoring and strategic guidance for evolving requirements, handles correspondence with regulators and provides ongoing compliance support, delivers outsourced transaction monitoring services for regulated entities (BitLicense holders, bank charters), and manages compliance programs to ensure continuous regulatory adherence.

Why Choose Citrin Cooperman

With over 45 years of experience and a dedicated 30+ member Digital Asset Practice, Citrin Cooperman combines deep regulatory expertise with practical understanding of blockchain technology and cryptocurrency operations. The firm serves cryptocurrency exchanges, blockchain protocols, custody providers, and digital asset businesses navigating complex regulatory requirements across federal and state jurisdictions. The team's trial-tested professionals have experience working with major regulatory bodies and possess deep knowledge of cryptocurrency regulations including BitLicense, bank charter requirements, and federal financial services regulations.