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Mike Novogratz gives KPMG Canada a nod of approval as firm joins crypto community

KPMG’s internal experts have assessed the tax and accounting consequences of move to make a crytpoasset allocation

Crypto investor Michael Novogratz approves of KPMG Canada’s cryptoasset allocation
Crypto investor Michael Novogratz approves of KPMG Canada’s cryptoasset allocation Photo: Eva Marie Uzcategui/Getty Images

KPMG’s Canada arm has made a cryptoasset allocation, putting bitcoin and ether into its corporate treasury and on its balance sheet.

The move, which signals the Big Four firm’s commitment to emerging technologies and new asset classes, triggered a nod of approval on Twitter from US billionaire crypto investor Michael Novogratz.

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