PricewaterhouseCoopers (PwC) Luxembourg has announced that it will start accepting Bitcoin payments from from its clients as from 1 October 2019.
As part of the Firm’s market assessment, what quickly became clear is that we could not continue to invest in the field, promote it, build solutions for clients and support their transformation while not also being exposed to it. Our role is to lead and it is only by being an active leader with exposure that we at PwC Luxembourg can understand the challenges inherent to the crypto world. It is very difficult to properly appreciate the challenges of AML/KYC-enhanced due diligence in a world made of public/private keys, with the complexity and risks of custodial solutions, or to comprehend the decentralized finance ecosystem growing “next door” without being exposed to it in its day-to-day activities.Thomas Campione, Director, Blockchain & Crypto-assets Leader, PwC Luxembourg
PwC ranks as the second largest professional services firm in the world and is one of the Big Four auditors, along with Deloitte, EY and KPMG. PwC is a network of firms in 158 countries, 721 locations, with 250,930 people.
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