[DigitalToday reporter Chi-gyu Hwang] PwC, one of the global Big Four accounting firms, is moving to enter the cryptocurrency industry in earnest, The Block reported on Jan. 4 local time, citing the Financial Times (FT).
Paul Griggs, CEO of PwC's U.S. firm, said, "The passage of the stablecoin bill, the Genius Act, and regulatory moves around it are increasing confidence in the digital asset class," adding, "PwC now needs to be in the related ecosystem."
PwC has previously been cautious about working with crypto companies amid regulatory uncertainty and a tough U.S. government response. With Donald Trump’s re-election and U.S. regulators strengthening pro-cryptocurrency policies, PwC has moved to expand crypto-related clients in both its audit and consulting businesses.
It is broadening its business by providing consulting services, including proposals to improve payment efficiency using stablecoins.
PwC is also actively strengthening its internal expertise. It recently rehired Sheryl Resnick, who has handled digital asset clients for the past 3 years, as a partner. It is also conducting an audit of bitcoin miner MARA Holdings.
Chi-gyu Hwang
delight@d-today.co.kr