Institutions are exploring the space — KPMG Canada crypto team

Institutions are exploring the space — KPMG Canada crypto team


The Canadian operations of Big Four auditor Klynveld Peat Marwick Goerdeler, or KPMG, may have a role to play in institutions entering the crypto space, according to two team members.

Speaking to Cointelegraph at the Collision conference in Toronto on Tuesday, Kareem Sadek and Kunal Bhasin of KPMG Canada’s crypto assets and blockchain services team said the company had added Bitcoin (BTC) and Ether (ETH) to its balance sheet to show others it “had skin in the game.” According to Sadek, holding digital assets was just the first step moving deeper into the crypto space.

“We thought it’s better to go through the journey ourselves — show the community we’re part of it, we’re supportive of the community,” said Bhasin. “We’re supportive of the institutionalization of the

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