Odaily News KPMG, one of the Big Four accounting firms, has established a strategic alliance with crypto accounting software Cryptio to help US crypto companies comply with GAAP compliance and improve accounting and reporting practices. The KPMG-Cryptio strategic alliance aims to establish controls within cryptocurrency companies to better account for their crypto assets. Antoine Scalia, founder and CEO of Cryptio, said the partnership lays the foundation for the long-term sustainable development of the crypto industry. According to a KPMG survey, nearly 40% of institutional investors reported direct or indirect exposure to crypto assets in 2023, a significant increase from 31% in 2021. (Cointelegraph)