Crypto Accounting
Real-Time Accounting for Digital Assets.
Backed by Compliance, Clarity & Control.
Real-Time Accounting for Digital Assets. Backed by Compliance, Clarity & Control.
As crypto adoption accelerates in the UAE, businesses face uncharted financial and regulatory territory. From Bitcoin on balance sheets to DeFi activity, tokenized assets, or staking rewards, accurate crypto accounting is no longer optional.
At AKW Consultants, we help VASPs, Web3 startups, and regular businesses manage their digital assets with precision. We classify tokens, automate reconciliations, integrate wallets with ERP systems, and maintain audit-ready financials - all aligned with international best practices and UAE regulatory expectations.
Five Common Crypto Accounting Challenges
01
No Dedicated IFRS Standard
Cryptos fall between IAS 38 (intangibles) and IAS 2 (inventory). Misclassification distorts balance sheets and earnings.
02
Limited Finance Expertise
Most in-house teams lack the technical knowledge to track crypto correctly across exchanges, wallets, and DeFi platforms.
03
Complex Data Flows
Reconciling staking, liquidity pools, and cross-chain activity without automation overwhelms traditional systems.
04
Regulatory Pressure
VARA, FTA, and UAE regulators require accurate disclosures, submissions, and reporting controls, especially for licensed VASPs.
05
Weak Financial Controls
Poor key management, missing audit trails, or gaps in segregation of duties put businesses at risk of loss or penalties.
HOW WE HELP
Our Crypto Accounting Solutions
Asset Classification & Accounting Policies
- Apply IAS 38/IAS 2 standards based on usage
- Define recognition, valuation & impairment policies
- Align accounting with UAE Corporate Tax & VARA rules
- Ensure correct disclosure in financial statements
Reconciliation & Ledger Integration
- Connect wallets & exchanges to ERP systems
- Automate token-level tracking & cost basis
- Maintain full audit trails across chains & platforms
- Real-time reporting for high-volume VASPs
Financial Controls and Automation
- Deploy crypto accounting tools (Cryptio, Gilded, Bitwave)
- Automate entries & reconciliation workflows
- Standardise reporting under IFRS & GAAP
- Enforce access & control protocols for compliance
Regulatory and Tax Compliance
- Correct VAT treatment for mining, trading & services
- Full compliance with UAE Corporate Tax rules
- VARA submission support: monthly, quarterly & annual filings
- Monitor evolving licensing & disclosure obligations
Why Businesses Choose AKW
UAE regulatory expertise
(VARA, DFSA, FSRA, SCA)
Chartered Accountants
& Blockchain Specialists
ERP-integrated crypto
accounting solutions
Support for both VASPs
& Web3-native businesses
End-to-end services from data
capture to audit reporting
Build Financial Clarity into Your Digital Asset Operations
If you’re a licensed VASP, Web3 startup, or enterprise investing in crypto, we bring you clarity, compliance, and confidence in managing digital assets.