EY invests in crypto-currency software

In another sign that that financial world is taking Bitcoin seriously, EY has bought CAAT from start-up Elevated Consciousness

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The British accountancy firm EY has acquired software developed by a Silicon Valley start-up to manage investments in crypto-currencies – another sign of just how seriously the financial mainstream now takes Bitcoin and its rivals.

CAAT, which stands for Crypto-Asset Accounting and Tax, was bought from Elevated Consciousness by EY’s Americas Tax Innovation Foundry.

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