Tether Says Audit Is Still Months Away as Crypto Market Falters – The Wall Street Journal

Tether Says Audit Is Still Months Away as Crypto Market Falters – The Wall Street Journal

Blockchain Crypto Market Technology
August 27, 2022 by Coinvasity
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/tether-says-audit-is-still-months-away-as-crypto-market-falters-11661568971Listen to article(2 minutes)This year’s slump in digital assets is pressuring crypto
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
https://www.wsj.com/articles/tether-says-audit-is-still-months-away-as-crypto-market-falters-11661568971
Listen to article
(2 minutes)
This year’s slump in digital assets is pressuring crypto companies to show investors that their money is safe. So far, they haven’t delivered.
Many crypto companies lack the basic financial guardrails that help protect investors in traditional banks. Firms often don’t publish financial statements, or have anyone check their books. Even if they are audited, there are

 no agreed accounting standards for digital assets. 
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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