# Auditchain Labs AG: full text > Auditchain Labs AG builds AI-powered, Web3-based regulatory disclosure automation infrastructure for crypto-asset issuers, financial institutions, and regulators worldwide. Inventors of Pacioli.ai. This file holds the text of every page, regulatory filing summary, article and team biography on https://auditchain.com/, as Markdown. Each section names the web page it comes from. A shorter guide with links is at https://auditchain.com/llms.txt. Legal pages (privacy and cookie policy) are not included. --- ## Auditchain Labs AG > Auditchain Labs AG develops AI regulatory disclosure infrastructure for the tokenized capital markets and regulators worldwide. - Web page: https://auditchain.com/ - Updated: 2026-05-24 - Publisher: Auditchain Labs AG ### AI Disclosure Automation Operating systems for global regulatory disclosure compliance. No experience necessary. Crypto Assets Professionals Regulators Investors ![Auditchain Labs AG — AI-Powered Regulatory Disclosure Automation Infrastructure](https://auditchain.com/wp-content/uploads/2026/01/intro-scaled.png) #### Markets in Crypto Assets Regulation With Pacioli.ai, you can create, validate and publish MiCA compliant crypto-asset white papers. [Read More](https://docs.pacioli.ai/micar-crypto-asset-types) [Start Now](https://mica.pacioli.ai) Request Demo #### Professionals With Pacioli.ai, you can design and create any type of disclosure model for any reporting framework without any structured data expertise. Forward thinking professionals can contribute trust to disclosures by externally verifying compliance. [Read More](https://docs.auditchain.finance/luca-suite/overview-of-luca-suite) [Start Now](https://luca.pacioli.ai) Request Demo #### Regulators and Standard Setters Crypto assets, the Web3 economy and sustainability reporting are posing challenges for regulators and standard setters. Meeting the challenges of establishing public policy and setting regulatory standards is now easier. Agencies can design and compose disclosure infrastructure that comply with legislation. Contact Us Request Demo #### Institutional and Retail Investors Reading and understanding disclosure data is a challenge for the public. Data extraction poses challenges for institutions. Stakeholders can gain comfort through visual data analytics and community verification without the need for a centralized professional services firm. Contact Us Request Demo ### Solutions [![MiCAR and Pacioli.ai — AI-Powered EU Crypto Asset Disclosure Automation](https://auditchain.com/wp-content/uploads/2026/01/mica-pacioli-ai-1.png)](https://docs.auditchain.finance/luca-suite/overview-of-luca-suite) ###### [Pacioli.ai](https://docs.auditchain.finance/luca-suite/overview-of-luca-suite) [Learn More](https://docs.auditchain.finance/luca-suite/overview-of-luca-suite) Pacioli.ai is a regulatory disclosure automation infrastructure. With Pacioli.ai professionals, regulators and standard setters can design, create and validate disclosure infrastructure for any reporting framework without structured data expertise. [![Collaborate with Pacioli.ai on MiCAR Regulatory Disclosures](https://auditchain.com/wp-content/uploads/2026/01/collaborate-mica-pacioli.png)](https://docs.auditchain.finance/luca-suite/collaboration) ###### [Collaborate](https://docs.auditchain.finance/luca-suite/collaboration) [Learn More](https://docs.auditchain.finance/luca-suite/collaboration) Collaboration is critical. Communication must be timely. Users can share disclosures and disclosure models. Sharing and commenting synchronizes design and development across all stakeholders and reduces costs and time to deployment. ![Pacioli.ai Analytics — Regulatory Disclosure Data and Compliance Insights](https://auditchain.com/wp-content/uploads/2026/01/pacioli-ai-analytics.png) ###### Analytics Learn More Visual analytics provides immediate actionable decision making. With Pacioli.ai users can immediately understand integrity and reliability levels without time consuming manual analysis. [![AI Validation for MiCAR Disclosures — Pacioli.ai Automated Compliance](https://auditchain.com/wp-content/uploads/2026/01/ai-validation-mica-pacioli.png)](https://docs.pacioli.ai/pacioli-ai-agent) ###### [External Validation](https://docs.pacioli.ai/pacioli-ai-agent) [Learn More](https://docs.pacioli.ai/pacioli-ai-agent) With Pacioli.ai, professional services firms can provide external verification of compliance with disclosure regulations. ### News & Updates [![Cartoon coins with the Pacioli logo march past the U.S. Securities and Exchange Commission building, the first one carrying a sign that reads 'Reg CA is Coming!'](https://auditchain.com/wp-content/uploads/2026/10/pacioli-regulation-crypto-assets-1-1024x683.png)](https://auditchain.com/auditchain-labs-asks-sec-for-machine-readable-disclosure/) October 19, 2026 ### [Auditchain Labs Submits Comment to SEC on Regulation Crypto Assets, Calls for Machine-Readable Disclosure and Merkle Root Proof](https://auditchain.com/auditchain-labs-asks-sec-for-machine-readable-disclosure/) Auditchain Labs AG filed a comment letter with the SEC on the proposed Regulation Crypto Assets. It asks for machine-readable disclosure in every form and… [Read more](https://auditchain.com/auditchain-labs-asks-sec-for-machine-readable-disclosure/) [![PwC and Auditchain Labs Announce Cooperation for Regulatory Disclosure Automation](https://auditchain.com/wp-content/uploads/2026/09/pwc-auditchain-pacioli-1024x538.png)](https://auditchain.com/pwc-and-auditchain-labs-announce-regulatory-disclosure-cooperation/) September 29, 2026 ### [PwC and Auditchain Labs Announce Cooperation for Regulatory Disclosure Automation](https://auditchain.com/pwc-and-auditchain-labs-announce-regulatory-disclosure-cooperation/) The cooperation combines PwC’s regulatory, legal and capital markets expertise with Pacioli.ai—Auditchain’s agentic disclosure automation and external validation protocol—to deliver […] [Read more](https://auditchain.com/pwc-and-auditchain-labs-announce-regulatory-disclosure-cooperation/) September 25, 2026 ### [Auditchain Labs Submits Stablecoin Reporting Framework in Response to FDIC Request for Public Comment](https://auditchain.com/auditchain-labs-submits-stablecoin-reporting-framework-to-fdic/) The Comprehensive 79 page submission provides a plug and play machine-readable disclosure framework for permitted payment stablecoin issuers that includes […] [Read more](https://auditchain.com/auditchain-labs-submits-stablecoin-reporting-framework-to-fdic/) [![Regulation Crypto Assets (Reg-CA) compliance lifecycle on Pacioli.ai](https://auditchain.com/wp-content/uploads/2026/08/reg-crypto-assets-1024x740.png)](https://auditchain.com/sec-regulation-crypto-assets-may-ignite-american-ico-boom/) August 22, 2026 ### [SEC Regulation Crypto Assets (Reg-CA) May Ignite American ICO Boom](https://auditchain.com/sec-regulation-crypto-assets-may-ignite-american-ico-boom/) Proposed Regulation Crypto Assets (Reg-CA) is positioned to ignite the next U.S. ICO boom by replacing regulatory ambiguity with clear, […] [Read more](https://auditchain.com/sec-regulation-crypto-assets-may-ignite-american-ico-boom/) August 11, 2026 ### [Auditchain Labs Responds to OCC Proposed Forms PS-01 and PS-02 for Stablecoin Reporting Including Blockchain Mining and Validation Disclosure Demonstration](https://auditchain.com/auditchain-labs-responds-to-occ-proposed-disclosure-forms/) Washington DC – August 11, 2026 – Auditchain Labs AG, a provider of AI regulatory disclosure automation infrastructure today submitted […] [Read more](https://auditchain.com/auditchain-labs-responds-to-occ-proposed-disclosure-forms/) May 23, 2026 ### [Auditchain Labs Submits Comment Letter to FDIC on Operational Rule for Stablecoin Issuers](https://auditchain.com/auditchain-labs-submits-third-fdic-comment-letter/) Policy agenda shines a light on blockchain structural disclosure with its focus on mining and validation. Washington D. C. – […] [Read more](https://auditchain.com/auditchain-labs-submits-third-fdic-comment-letter/) ### Our Story We began our journey in 2017 based on a long observation of the lack of integrity, reliability, timeliness and usability of the global financial information that is used for investment thesis. Using the disruptive power of AI and blockchain, we set out to optimize bottlenecks and increase accuracy and transparency across the accounting, financial reporting and audit information supply chain. As the result of spectacular public failures in 2022, investors and the general public received an education about the true nature of “Agreed Upon Procedures” engagements and the need for more internal controls in centralized finance. The application of decentralized systems for financial disclosure and assurance has always been a guiding principle in our journey. Today we set standards for disclosure automation. We believe it has substantial benefits for all business as we march into the future of disclosure and assurance. ### Our Mission Our mission is to raise the integrity and reliability of global business and financial information, remove global systemic risk and accelerate capital deployment with real time information for investors and regulators. ### Team & Advisers - ![Guido Schmitz-Krummacher — President of the Board, Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2024/07/guido-schmitz-krummacher.jpg) — Guido Schmitz Krummacher — President of the Board – Auditchain Labs AG Member of the Board, DCARPE Alliance Association - ![Thomas Egan, CPA — Board Member and Audit Committee Chair, Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2024/07/tom-egan.jpg) — Thomas Egan, CPA — Board Member – Auditchain Labs AG Charman of the Audit Committee - ![David Blaszkowsky — Strategic Policy and Planning, Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2024/07/david_blaszkowsky.jpg) — David Blaszkowsky - ![Jason Meyers — Lead Architect and Inventor of Pacioli.ai, Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2017/09/jason-meyers-auditchain.jpg) — Jason Meyers — Lead Architect – Auditchain Labs AG - ![Charlie Hoffman, CPA — Inventor of XBRL, Godfather of XBRL, Product Manager at Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2024/07/charlies-hoffman.jpeg) — Charlie Hoffman, CPA — Product Manager – Auditchain Labs AG - ![Fuad Begic — Lead Engineer and XBRL Specialist, Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2024/07/fuad-begic.jpg) — Fuad Begic — Lead Engineer – Auditchain Labs AG - ![Bob McElrath, PhD — Applied Cryptography Advisor, Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2024/07/bob_mcelrath.jpg) — Bob McElrath PhD. — Applied Cryptography – Full Stack Engineer - ![Miguel Calejo, PhD — Full Stack Engineer, Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2024/07/miguel-calejo.jpg) — Miguel Calejo, PhD — Full Stack Engineer – Auditchain Labs AG - ![Jacinto Dávila, PhD — Full Stack Engineer, Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2024/07/jacintodavila-bw.jpg) — Jacinto Dávila, PhD — Full Stack Engineer – Auditchain Labs AG - ![Bogdan Fiedur — Full Stack Engineer, Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2024/07/bogdan-fiedur.png) — Bogdan Fiedur — Full Stack Engineer – Auditchain Labs AG - ![Jonathan Mohan — Blockchain Advisor, Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2024/07/jonathan-mohan.jpg) — Jonathan Mohan — Advisor – Auditchain Labs AG, Founding Contributor to Ethereum, ConsensYs, Factom - ![Graham Gal, PhD — XBRL and Internal Controls Expert, Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2024/07/graham-gal.png) — Graham Gal PhD — Advisor – Auditchain Labs AG, Internal Controls and XBRL Expert. Professor of AIS, Isenberg School of Management, University of Massachusetts - ![Nick Page — Advisor and Ex-PwC Partner, Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2024/07/nick_page.jpg) — Nick Page — Advisor – Auditchain Labs AG Ex PwC Partner Council Member – ICAEW Sustainability Committee Member --- ## About > Auditchain Labs AG is a Swiss-based RegTech company building AI-powered regulatory disclosure infrastructure. Founded 2017, Zug, Switzerland. Inventors of Pacioli.ai. - Web page: https://auditchain.com/about/ - Updated: 2026-02-26 - Publisher: Auditchain Labs AG Auditchain Labs AG is a Swiss-based regulatory technology company building AI-powered and Web3-based regulatory disclosure infrastructure for crypto-asset issuers, financial institutions, professional services firms, and regulators worldwide. Founded in 2017 and headquartered in Zug, Switzerland, Auditchain invented Pacioli.ai — the world’s first fully automated, iXBRL-compliant disclosure platform. ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) ### Our Mission We build operating systems for global regulatory disclosure compliance. Our mission is to make structured, machine-readable regulatory disclosure universally accessible — for crypto-asset issuers navigating MiCAR, financial institutions managing XBRL reporting obligations, and regulators who need reliable, verifiable data. The global financial disclosure system is fragmented, expensive, and opaque. Auditchain was founded on the conviction that artificial intelligence and structured data standards could change this — not at the margins, but fundamentally. Every product we build is designed to lower the cost and raise the quality of regulatory disclosure for every participant in the financial system. ### Our Story Auditchain was founded in 2017 with the conviction that the global financial system’s disclosure infrastructure was fundamentally broken. The 2022 failures in centralized finance — FTX, Celsius, Voyager — validated the thesis that agreed-upon procedures and opaque disclosures were not sufficient. We set out to rebuild disclosure infrastructure using XBRL structured data standards, artificial intelligence, and Web3 architecture. Our founding team recognized that two technologies — blockchain for immutability and AI for automation — could together solve the integrity and reliability problems in global financial disclosure. By 2024, that thesis had evolved into Pacioli.ai: a complete disclosure automation platform serving MiCAR, SEC, ESMA, and IFRS regulatory frameworks. ### Our Team Auditchain’s team combines world-class expertise in XBRL, regulatory technology, AI, cryptography, and financial reporting — with over 20 years of experience per senior team member. **Charlie Hoffman, CPA** — Product Manager and the inventor of XBRL (eXtensible Business Reporting Language). Widely known as the Godfather of XBRL, Charlie received the AICPA Special Recognition Award in 2006 and is the author of *XBRL for Dummies*. [Read Charlie’s bio](https://auditchain.com/team/charlie-hoffman-cpa/) **David Blaszkowsky** — Former co-founder of the US Office of Financial Research (OFR) and co-creator of the Legal Entity Identifier (LEI) standard. David brings unique regulatory and governmental experience to Auditchain’s policy engagement. [Read David’s bio](https://auditchain.com/team/david-blaszkowsky/) **Jason Meyers** — Lead Architect and founder. Architect of the Pacioli.ai platform and the Auditchain protocol. [Read Jason’s bio](https://auditchain.com/team/jason-meyers/) [Meet the full team](https://auditchain.com/team/) ### Regulatory Engagement Auditchain is an active participant in the regulatory and standards processes that govern structured disclosure. We are a member of XBRL US and initiated the formation of the XBRL US Digital Asset Working Group. We submitted a formal comment letter to the FDIC under RIN 3064-AG20, advocating for XBRL-structured disclosures for stablecoin issuers. We engage with the GENIUS Act process and support MiCAR implementation across European crypto-asset markets. [Read more about our regulatory engagement](https://auditchain.com/regulatory-engagement/) ### Company Details **Legal Name:** Auditchain Labs AG **Founded:** 2017 **Headquarters:** Dammstrasse 16, CH-6300 Zug, Switzerland **Industry:** Regulatory Technology (RegTech) / Financial Technology (FinTech) **Members of:** XBRL US; XBRL US Digital Asset Working Group --- ## Press Kit > Press kit for Auditchain Labs AG — company overview, boilerplate copy, key people including Charlie Hoffman (inventor of XBRL), and media contact. Builders of Pacioli.ai. - Web page: https://auditchain.com/about/press-kit/ - Updated: 2026-05-23 - Publisher: Auditchain Labs AG ### Company Overview **Legal Name:** Auditchain Labs AG **Founded:** 2020 **Headquarters:** Gotthardstrasse 26, CH-6300 Zug, Switzerland **Website:** [auditchain.com](https://auditchain.com) **Flagship Product:** Pacioli.ai ([pacioli.ai](https://pacioli.ai)) **Industry:** Regulatory Technology (RegTech) / AI Disclosure Automation ### Key People **Jason Meyers** — Lead Architect and creator of Pacioli.ai. [Full bio](https://auditchain.com/team/jason-meyers/) **Charles Hoffman, CPA** — Product Manager. Widely known as the Godfather of XBRL. AICPA Special Recognition Award 2006. Author of XBRL for Dummies. [Full bio](https://auditchain.com/team/charlie-hoffman-cpa/) **David Blaszkowsky** — Regulatory Adviser. Former co-founder of the US Office of Financial Research (OFR) and co-creator of the Legal Entity Identifier (LEI) standard. [Full bio](https://auditchain.com/team/david-blaszkowsky/) ### Boilerplate — Short Auditchain Labs AG (Zug, Switzerland) builds AI-powered regulatory disclosure infrastructure for crypto assets, financial reporting, and ESG compliance. Its flagship product, Pacioli.ai, enables organizations to design, create, validate, and publish structured disclosures without technical expertise. Auditchain is a member of XBRL US and Founder of the XBRL US Digital Asset Working Group. ### Boilerplate — Long Auditchain Labs AG is a Swiss-based regulatory technology company building AI-powered, Web3-based regulatory disclosure automation infrastructure for crypto-asset issuers, financial institutions, professional services firms, and regulators worldwide. Founded in 2017, Auditchain invented Pacioli.ai — the world’s first fully automated, iXBRL-compliant disclosure platform — enabling any organization to design, create, validate, and publish structured regulatory disclosures without structured data expertise. The team includes Charlie Hoffman, CPA, the inventor of XBRL, and David Blaszkowsky, former co-founder of the US Office of Financial Research. Auditchain is a member of XBRL US and initiator of its Digital Asset Working Group. ### Recent Press Releases All announcements are available in the [News and Press Room](https://auditchain.com/news/). ### Media Contact For press inquiries, interview requests, and logo files, please use the [contact page](https://auditchain.com/contact/). --- ## Media Kit > Auditchain Labs AG media kit: download the brand logo, fact sheet, executive headshots, and company boilerplate for editorial and media use. - Web page: https://auditchain.com/about/media/ - Updated: 2026-05-23 - Publisher: Auditchain Labs AG ### Logo ### Logo — SVG Primary brand mark in SVG format. Suitable for web, presentations, and high-resolution print. [Download SVG](https://auditchain.com/wp-content/themes/auditchain/assets/img/logo-auditchain.svg) ### Logo — PNG Brand mark exported at 2× (1200 × 240 px) for use in documents, emails, and co-marketing. [Download PNG](https://auditchain.com/wp-content/themes/auditchain/assets/img/logo-auditchain.png) ### Press Assets ### Fact Sheet One-page overview of Auditchain Labs AG — mission, technology, key milestones, and leadership. Download PDF ### Jason Meyers — Headshot High-resolution executive portrait of Jason Meyers, Lead Architect, Auditchain Labs AG. Download JPG ### Charlie Hoffman — Headshot High-resolution executive portrait of Charlie Hoffman, Product Manager, Auditchain Labs AG. Download JPG ### Company Boilerplate Auditchain Labs AG develops global standards based, AI-powered, Web3 enabled regulatory disclosure automation infrastructure for crypto-asset issuers, financial institutions, professional services firms, and regulators worldwide. The company’s flagship platform; [Pacioli.ai](https://pacioli.ai) is the world’s only decentralized physical infrastructure network, (“DePIN”) that automates the external validation of machine-readable financial, ESG, and regulatory disclosures for global capital markets. Auditchain’s infrastructure enables structured, auditable, and machine-processable disclosure at scale. Auditchain Labs AG is seated at Dammstrasse 16, CH-6300 Zug, Switzerland. For more information visit [auditchain.com](https://auditchain.com). ### Press Contact **Jason Meyers** — Lead Architect, Auditchain Labs AG Email: [media@auditchain.com](mailto:press@auditchain.com) Twitter/X: [@auditchain](https://twitter.com/auditchain) --- ## Partner with Us > Partner with Auditchain Labs AG: programs for regulators, professional firms, XBRL/EDGAR vendors, and digital asset treasury companies. - Web page: https://auditchain.com/about/partner-with-us/ - Updated: 2026-05-22 - Publisher: Auditchain Labs AG Auditchain Labs AG is building a global partner ecosystem across the regulatory technology, professional services, financial services, digital asset issuer, and standards community. ### Partnership Opportunities ### Professional Services Firms Accounting firms, legal practices, and compliance consultancies can integrate [Pacioli.ai](https://pacioli.ai) into their client service offerings. We offer white-label arrangements, referral partnerships, and co-branded disclosure services. ### Financial Institutions & Technology Partners Banks, asset managers, and crypto-asset platforms can integrate Auditchain’s disclosure infrastructure via API. Technology vendors can embed our XBRL validation and generation capabilities into existing products via OEM licensing. ### XBRL Disclosure Vendors & EDGAR Agents Established XBRL software vendors, managed-tagging providers, and registered EDGAR filing agents can bring their existing tools onto [Pacioli.ai](https://pacioli.ai) rather than compete against it. The Pacioli Agent routes preparation and validation requests to participating vendors, who deliver white-labeled output under their own brand — extending addressable volume well beyond a fixed client base as structured disclosure moves on-chain and expands to tokenized securities, stablecoins, and digital assets. Vendors can accept AUDT for preparation and validation work and participate in the network as it scales. ### Digital Asset Treasury Companies US-listed digital asset treasury companies already file with the SEC and will face expanding disclosure obligations under the GENIUS Act and the pending CLARITY Act — spanning stablecoin reserves, custody attestations, blockchain network participation, and on-chain treasury reporting. These companies can automate the preparation of every required filing — 10-K, 10-Q, and 8-K in iXBRL, GENIUS and CLARITY structured disclosures, Blockchain Network Participation (BNP) reporting, and MiCAR white papers where EU exposure applies — directly on [Pacioli.ai](https://pacioli.ai). They can also operate a [Pacioli Node](https://pacioli.ai/how-pacioli-ai-works/) on their existing infrastructure to perform taxonomy and disclosure-based validation for the wider market and earn AUDT, turning a recurring compliance cost into earning an active treasury position. ### Standards Bodies & Regulators We contribute to XBRL US working groups, support XBRL International’s Open Information Model, and engage with regulators developing structured disclosure frameworks for digital assets and financial institutions. To discuss partnership opportunities, [contact us](https://auditchain.com/contact/). --- ## Solutions > Solutions for regulatory structured disclosure automation under MiCAR, GENIUS Act, CLARITY Act, USGAAP, IFRS and all other reporting schemes. - Web page: https://auditchain.com/solutions/ - Updated: 2026-05-27 - Publisher: Auditchain Labs AG [![MiCAR and Pacioli.ai — AI-Powered EU Crypto Asset Disclosure Automation](https://auditchain.com/wp-content/uploads/2026/01/mica-pacioli-ai-1.png)](https://docs.auditchain.finance/luca-suite/overview-of-luca-suite) ###### [Pacioli.ai](https://docs.auditchain.finance/luca-suite/overview-of-luca-suite) [Learn More](https://docs.auditchain.finance/luca-suite/overview-of-luca-suite) Pacioli.ai is a regulatory disclosure automation infrastructure. With Pacioli.ai professionals, regulators and standard setters can design, create and validate disclosure infrastructure for any reporting framework without structured data expertise. [![Collaborate with Pacioli.ai on MiCAR Regulatory Disclosures](https://auditchain.com/wp-content/uploads/2026/01/collaborate-mica-pacioli.png)](https://docs.auditchain.finance/luca-suite/collaboration) ###### [Collaborate](https://docs.auditchain.finance/luca-suite/collaboration) [Learn More](https://docs.auditchain.finance/luca-suite/collaboration) Collaboration is critical. Communication must be timely. Users can share disclosures and disclosure models. Sharing and commenting synchronizes design and development across all stakeholders and reduces costs and time to deployment. ![Pacioli.ai Analytics — Regulatory Disclosure Data and Compliance Insights](https://auditchain.com/wp-content/uploads/2026/01/pacioli-ai-analytics.png) ###### Analytics Leanr More Visual analytics provides immediate actionable decision making. With Pacioli.ai users can immediately understand integrity and reliability levels without time consuming manual analysis. [![AI Validation for MiCAR Disclosures — Pacioli.ai Automated Compliance](https://auditchain.com/wp-content/uploads/2026/01/ai-validation-mica-pacioli.png)](https://docs.pacioli.ai/pacioli-ai-agent) ###### [External Validation](https://docs.pacioli.ai/pacioli-ai-agent) [Learn More](https://docs.pacioli.ai/pacioli-ai-agent) With Pacioli.ai, professional services firms can provide external verification of compliance with disclosure regulations. --- ## Contact > Contact Auditchain Labs AG — Swiss regulatory technology company based in Zug, Switzerland. Reach out for partnerships, media enquiries, or product demonstrations of Pacioli.ai. - Web page: https://auditchain.com/contact/ - Updated: 2026-02-25 - Publisher: Auditchain Labs AG Have a question or feedback? Feel free to reach out we’ll get back to you as soon as possible. --- ## Regulatory Engagement > Auditchain Labs AG has an active policy agenda and engages with the FDIC, OCC, NCUA, SEC and CFTC on all final legislative implementation. - Web page: https://auditchain.com/regulatory-engagement/ - Updated: 2026-10-02 - Publisher: Auditchain Labs AG ### Public comments on digital asset disclosure infrastructure and specifications. Auditchain Labs AG has an active policy agenda and is an active participant in the regulatory and standard setting processes that determine how disclosure requirements are designed and implemented. Our engagement spans US federal and international agencies, international standards bodies, and legislative processes. The submissions below form a coordinated, cross-agency series across the U.S. regulators implementing the GENIUS Act, and extend internationally to the United Kingdom’s Financial Conduct Authority. Each US submission builds on our Blockchain Network Participation (BNP) disclosure taxonomy and treats every rulemaking in the U.S. as a simultaneous Financial Data Transparency Act (FDTA) compliance decision. They are listed by regulator, most recent first within each. [Read full dockets](https://auditchain.com/about/policy/) ### XBRL US — Digital Asset Working Group Auditchain Labs AG is the founder of the [XBRL US Digital Asset Working Group](https://xbrl.us/xbrl-reference/digital-asset-wg/), (“DAWG”). The mission of the DAWG is to develop XBRL disclosure standards for digital assets and crypto-asset issuers operating under the GENIUS Act and CLARITY Act. --- ## Auditchain Labs AG: regulatory policy submissions > Index of the 13 regulatory comment letters and consultation responses Auditchain Labs AG has filed with the FDIC, OCC, NCUA, SEC, PCAOB and FCA, each with a summary, docket references and a link to the filed document. **Global policy engagement on digital asset regulation.** Auditchain Labs AG engages with the federal agencies implementing the GENIUS Act and preparing for the pending CLARITY Act. Our submissions share a single thesis: that a new category of material information exists when issuers of digital assets also engage in mining and validation activities. The law already requires the disclosures that matter. The task is to structure what is already required in machine-readable form so that oversight can move from manual review to straight-through, automated supervision. The filings below form a coordinated, cross-agency series across the U.S. regulators implementing the GENIUS Act, and extend internationally to the United Kingdom's Financial Conduct Authority. Each submission to US regulators builds on the Blockchain Network Participation (BNP) disclosure taxonomy and treats every rulemaking as a simultaneous Financial Data Transparency Act (FDTA) compliance decision. They are listed by regulator, most recent first within each. - Web page: https://auditchain.com/about/policy/ - Publisher: [Auditchain Labs AG](https://auditchain.com/) - Submissions: 13 - Last updated: 2026-10-20 ### FDIC: Federal Deposit Insurance Corporation Comments across three FDIC proceedings: the proposed application requirements for issuance of payment stablecoins by subsidiaries of FDIC-supervised institutions (RIN 3064-AG20, proposed 12 CFR § 303.252) where the BNP disclosure framework was first developed; the proposed ongoing requirements and standards that govern FDIC-supervised permitted payment stablecoin issuers after approval (RIN 3064-AG19); and the proposed weekly and quarterly reporting forms those issuers would file (OMB No. 3064-0225). #### GENIUS Act Reporting Forms Comment (Forms PS-01, PS-01a and PS-02) - Regulator: Federal Deposit Insurance Corporation (FDIC) - Date filed: 2026-09-16 - Filed by: Auditchain Labs AG - Federal Register citation: 91 FR 45274 - OMB control number: 3064-0225 - Responding to: [Reporting Forms and Instructions Associated With Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers](https://www.federalregister.gov/d/2026-14589) - Filed submission: https://www.fdic.gov/federal-register-publications/auditchain-jason-meyers-omb-3064-0225.pdf - Article and analysis: https://auditchain.com/auditchain-labs-submits-stablecoin-reporting-framework-to-fdic/ - Web page: https://auditchain.com/about/policy/fdic-reporting-forms-comment-omb-3064-0225/ Responding to the FDIC's request for comment on its proposed weekly and quarterly reporting forms for permitted payment stablecoin issuers (91 Fed. Reg. 45274, July 20, 2026), this 79-page submission answers the agency's question on which structured format would work best: XBRL, the standard the FDIC has used for Call Reports since 2005, in one taxonomy shared with the OCC. It makes three points: file the reports in a format the FDIC already runs; publish the checks the instructions already describe as a machine-executable rule set, so the one-to-one reserve requirement and the 40 percent concentration limit are tested at filing and short-form eligibility is computed rather than asserted; and add BNP schedules covering issuer participation, affiliate participation, and aggregated concentration and systemic risk. Live sample models of all three forms accompany the filing. #### GENIUS Act Requirements & Standards Comment Letter - Regulator: Federal Deposit Insurance Corporation (FDIC) - Date filed: 2026-05-14 - Filed by: Auditchain Labs AG - Federal Register citation: 91 FR 18534 - RIN: 3064-AG19 - Responding to: [GENIUS Act Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers and Insured Depository Institutions](https://www.federalregister.gov/citation/91-FR-18534) - Filed submission: https://www.fdic.gov/federal-register-publications/auditchain-labs-ag-jason-meyers-rin-3064-ag19.pdf - Article and analysis: https://auditchain.com/auditchain-labs-submits-third-fdic-comment-letter/ - Web page: https://auditchain.com/about/policy/fdic-genius-act-requirements-and-standards-comment-rin-3064-ag19/ Responding to the FDIC's NOPR establishing the ongoing requirements and standards for FDIC-supervised permitted payment stablecoin issuers and insured depository institutions (91 Fed. Reg. 18534, Apr. 10, 2026; to be codified at 12 CFR Parts 324, 330, and 350), this letter carries the BNP framework from the application stage into the operational regime that governs issuers after approval. It makes five recommendations: incorporate machine-readable BNP disclosure into proposed § 350.6 through a new § 350.6(c) plus six targeted amendments; require XBRL filing of all PPSI disclosures; weekly, monthly reserve-composition, and quarterly; coordinated through the FFIEC; refine the yield-prohibition rebuttable presumption to rely on BNP disclosure as a fact-based enforcement mechanism rather than a broad presumption that may capture legitimate arrangements; adopt the framework's structured definitions for "distributed ledger" and "smart contract" in place of static classification; and coordinate with the OCC under the FFIEC so issuers file once, in one taxonomy, across both jurisdictions. The 148-question questionnaire, 125-element taxonomy, and type-extensions specification from the prior submissions apply with equal force to this proceeding. #### Supplemental Comment — BNP Framework Expansion - Regulator: Federal Deposit Insurance Corporation (FDIC) - Date filed: 2026-03-09 - Filed by: Auditchain Labs AG - RIN: 3064-AG20 - Responding to: [Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions](https://www.federalregister.gov/citation/90-FR-59409) - Filed submission: https://www.fdic.gov/federal-register-publications/supplemental-comment-auditchain-labs-ag-jason-meyers-rin-3064-ag20 - Web page: https://auditchain.com/about/policy/fdic-supplemental-comment-bnp-framework-expansion-rin-3064-ag20/ Updated the BNP disclosure exhibits to add a seventh category covering non-affiliate third-party service provider arrangements, extending the taxonomy from 107 to 125 elements and the disclosure questionnaire from 136 to 148 questions across eight sections. The supplemental introduced the framework's equal-input / equal-output validation architecture — a strict one-to-one correspondence between a range of disclosure questions and a single XBRL concept so that omissions are programmatically detectable. This directly implements the GENIUS Act's anti-evasion mandate under 12 U.S.C. § 5903(h)(1) and supports the FDIC's examination authority under § 5905(a)(3). This is the authoritative current version of the BNP framework, incorporated by reference in our later filings. #### Original Comment Letter — Application Requirements - Regulator: Federal Deposit Insurance Corporation (FDIC) - Date filed: 2026-02-09 - Filed by: Auditchain Labs AG - RIN: 3064-AG20 - Responding to: [Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions](https://www.federalregister.gov/citation/90-FR-59409) - Filed submission: https://www.fdic.gov/federal-register-publications/auditchain-labs-ag-jason-meyers-rin-3064-ag20.pdf - Article and analysis: https://auditchain.com/auditchain-labs-urges-proof-of-work-and-proof-of-stake-activity-disclosures-for-stablecoin-applications/ - Web page: https://auditchain.com/about/policy/fdic-comment-letter-application-requirements-rin-3064-ag20/ Recommended a hybrid application format; a structured, XBRL-tagged form capturing standardized data alongside narrative policies, and proposed Blockchain Network Participation disclosure as core application content under proposed § 303.252(d)(1). The letter introduced the original 107-element BNP taxonomy and a 136-question disclosure questionnaire (Exhibits A–C, including draft sample terms and a type-extensions specification), and recommended that the FDIC add an XBRL structured-data requirement to § 303.252(d)(2), leveraging the FFIEC's proven Call Report XBRL infrastructure to evaluate safety, soundness, and conflicts of interest without duplicative information requests. ### OCC: Office of the Comptroller of the Currency Comments addressing the OCC's clarification of national trust bank chartering authority, its Notice of Proposed Rulemaking implementing the GENIUS Act for OCC-supervised stablecoin issuers, and the proposed weekly and quarterly reporting forms those issuers would file. #### Proposed Reporting Forms Comment (Forms PS-01 and PS-02) - Regulator: Office of the Comptroller of the Currency (OCC) - Date filed: 2026-08-14 - Filed by: Auditchain Labs AG - Federal Register citation: 91 FR 35795 - OMB control number: 1557-NEW - OCC Bulletin: 2026-24 - Responding to: [Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency](https://www.federalregister.gov/d/2026-11856) - Article and analysis: https://auditchain.com/auditchain-labs-responds-to-occ-proposed-disclosure-forms/ - Web page: https://auditchain.com/about/policy/occ-proposed-reporting-forms-comment-ps-01-ps-02/ Responding to the OCC's request for comment on proposed Forms PS-01 (weekly) and PS-02 (quarterly) for OCC-supervised payment stablecoin issuers (91 FR 35795, June 12, 2026), this letter moves from argument to working proof. Both forms are expressed as machine-readable XBRL report models that open in a browser, carrying every schedule the OCC proposed plus three BNP schedules (I, J and K on PS-01; F, G and H on PS-02) and machine-testable validation rules. It makes seven recommendations: adopt the BNP schedules; specify XBRL as the filing format; deliver an executable rule set with the forms; test one-to-one backing inside the collection itself; require the basis and source for estimated figures; harmonize with the FDIC's parallel collection; and identify each institution and affiliate by Legal Entity Identifier. An exhibit carries proposed statutory text for BNP disclosure addressed to Congress. #### GENIUS Act NOPR Comment Letter - Regulator: Office of the Comptroller of the Currency (OCC) - Date filed: 2026-04-27 - Filed by: Auditchain Labs AG - Federal Register citation: 91 FR 10202 - Docket ID: OCC-2025-0372 - RIN: 1557-AF41 - Responding to: [Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller of the Currency](https://www.federalregister.gov/citation/91-FR-10202) - Filed submission: https://www.regulations.gov/comment/OCC-2025-0372-0122 - Article and analysis: https://auditchain.com/occ-submission-urges-blockchain-network-participation-disclosure-for-genius-act-rulemaking/ - Web page: https://auditchain.com/about/policy/occ-genius-act-nopr-comment-letter-occ-2025-0372/ Responding to the OCC's NOPR (91 FR 10202, Mar. 2, 2026), this letter proposed a comprehensive BNP disclosure framework to strengthen the operational-risk-management provisions of proposed § 15.13, supplied draft regulatory text for a new § 15.13(c) requiring weekly, monthly, and interim machine-readable XBRL reporting, and offered six targeted amendments to § 15.13(a) and (b) for blockchain-specific controls. It extended the taxonomy to 125 elements and argued that fact-based BNP disclosure is superior to the OCC's proposed rebuttable presumption on staking and yield — invoking the major questions doctrine and Congress's active legislating via the CLARITY Act. Includes five exhibits, among them proposed regulatory text and a cross-reference mapping to the FDIC submission. #### National Bank Chartering Comment - Regulator: Office of the Comptroller of the Currency (OCC) - Date filed: 2026-02-11 - Filed by: Auditchain Labs AG - Docket ID: OCC-2025-0768 - Filed submission: https://www.regulations.gov/comment/OCC-2025-0768-0016 - Web page: https://auditchain.com/about/policy/occ-national-bank-chartering-comment-occ-2025-0768/ Supporting the OCC's clarification of national trust bank chartering authority under 12 U.S.C. § 27(a) and 12 CFR § 5.20, this letter proposed a new memorandum schedule — Schedule RC-T-DA (Digital Asset Custody and Blockchain Network Participation) — as an extension of the existing quarterly Call Report rather than a new information collection. It adapted the FDIC framework into roughly 80 line items with three custody-specific additions (total custodied value, custody account count, and beneficial-owner count) and recommended that coordinated specifications be developed through the FFIEC Task Force on Reports, positioning the OCC to supervise digital asset custody with the rigor applied to traditional custody. ### NCUA: National Credit Union Administration Comment on the NCUA's Phase 1 proposed rule governing investments in and licensing of permitted payment stablecoin issuers (PPSIs) that are subsidiaries of federally insured credit unions. #### GENIUS Act Comment Letter — PPSI Licensing - Regulator: National Credit Union Administration (NCUA) - Date filed: 2026-04-13 - Filed by: Auditchain Labs AG - Federal Register citation: 91 FR 6531 - Docket ID: NCUA-2025-1335 - RIN: 3133-AF69 - Responding to: [Investments in and Licensing of Permitted Payment Stablecoins Issuers](https://www.federalregister.gov/citation/91-FR-6531) - Filed submission: https://www.regulations.gov/comment/NCUA-2025-1335-0034 - Article and analysis: https://auditchain.com/auditchain-labs-proposes-bnp-disclosure-for-ncua-oversight-of-stablecoin-issuers/ - Web page: https://auditchain.com/about/policy/ncua-genius-act-comment-letter-ppsi-licensing-ncua-2025-1335/ Responding to the NCUA's proposed rule on PPSI investment and licensing, this focused comment made two principal recommendations: that applicants under proposed § 706.105 disclose BNP activities as part of the application's description of related activities, and that the NCUA adopt XBRL-based structured data for application submissions in coordination with the FDIC, OCC, and Federal Reserve. It supported the joint-application structure, urged a cross-agency mutual recognition framework for PPSI licenses to avoid disadvantaging credit unions, and addressed the selective application of Part 712 CUSO requirements. The letter noted that, unlike the banking agencies, the NCUA does not yet operate XBRL reporting infrastructure making this rulemaking its first opportunity to adopt the standard and harmonize with the Financial Data Transparency Act. ### SEC: U.S. Securities and Exchange Commission Comments urging the SEC to make disclosure readable by computers, so that investors and regulators can find, compare and check what is filed. #### Comment on Regulation Crypto Assets - Regulator: U.S. Securities and Exchange Commission (SEC) - Date filed: 2026-10-19 - Filed by: Auditchain Labs AG - File number: S7-2026-27 - Release number: 33-11434 - Release number: 34-106150 - RIN: 3235-AN38 - Responding to: [Regulation Crypto Assets](https://www.federalregister.gov/documents/2026/08/21/2026-17183/regulation-crypto-assets) - Filed submission: https://www.sec.gov/comments/S7-2026-27/s7202627-1098139-3867107.pdf - Article and analysis: https://auditchain.com/auditchain-labs-asks-sec-for-machine-readable-disclosure/ - Web page: https://auditchain.com/about/policy/sec-comment-regulation-crypto-assets/ Our comment on the SEC's proposed Regulation Crypto Assets makes one main request: every disclosure should be readable by computers, not just by people. Under [the SEC's proposal](https://www.federalregister.gov/documents/2026/08/21/2026-17183/regulation-crypto-assets), issuers would file most disclosures as ordinary documents. Instead, we recommend that every form use XBRL, the data format the SEC already uses on EDGAR. We also recommend that each filing carry a digital fingerprint recorded on a public blockchain. As a result, anyone can check that what they read is exactly what the issuer filed. To show how this works, we built a data dictionary for Regulation Crypto Assets and nine sample filings for one example company. In addition, we answer each of the SEC's 68 questions about disclosure. Finally, we note that the proposal does not say how markets should trade and hold existing crypto investment contracts. See also [our other comments to the SEC](https://auditchain.com/about/policy/#sec). #### Comment on Staff Statement — Covered User Interface Providers - Regulator: U.S. Securities and Exchange Commission (SEC) - Date filed: 2026-04-20 - Filed by: Auditchain Labs AG - File number: 4-894 - Filed submission: https://www.sec.gov/comments/4-894/4894-758227-2329634.pdf - Web page: https://auditchain.com/about/policy/sec-comment-covered-user-interface-providers-file-4-894/ Comment on the SEC Staff Statement addressing broker-dealer registration requirements for Covered User Interface Providers in the digital asset markets. The letter situates structured disclosure as the supervisory foundation for any registration framework, arguing that machine-readable reporting allows the Commission to monitor intermediary activity at scale. #### Comment on Regulation S-K Modernization - Regulator: U.S. Securities and Exchange Commission (SEC) - Date filed: 2026-02-20 - Filed by: Auditchain Labs AG - File number: CLL-15 - Filed submission: https://www.sec.gov/comments/cll-15/cll15-707227-2226014.pdf - Article and analysis: https://auditchain.com/auditchain-labs-submits-comment-to-sec-on-regulation-s-k-reform-digital-asset-disclosure/ - Web page: https://auditchain.com/about/policy/sec-comment-regulation-s-k-modernization-file-cll-15/ Responding to SEC Chairman Atkins' Statement on Reforming Regulation S-K, this letter argues that the materiality problem is as much about how disclosure is made as what is disclosed. It recommends extending Inline XBRL requirements from Regulation S-X financial statements to key S-K items — Item 101 (Business), Item 105 (Risk Factors), Item 106 (Cybersecurity), Item 303 (MD&A), and Item 601 (Exhibits); adopting BNP disclosure requirements for registrants materially dependent on public networks; and coordinating SEC taxonomy development with the FDIC and OCC frameworks for interagency consistency. It draws four blockchain disclosure categories from the FDIC questionnaire and taxonomy, anticipating the new classes of SEC-registered entities the GENIUS and pending CLARITY Acts will create. ### PCAOB: Public Company Accounting Oversight Board Comment on the PCAOB's strategic priorities, addressing the assurance layer above the disclosure infrastructure — the auditing standards that make machine-readable disclosure trustworthy. #### Comment on the 2026–2030 Strategic Plan - Regulator: Public Company Accounting Oversight Board (PCAOB) - Date filed: 2026-05-12 - Filed by: Auditchain Labs AG - Release number: 2026-001 - Comment letter number: 19 - Filed submission: https://assets.pcaobus.org/pcaob-dev/docs/default-source/about/administration/strategic-plan-comments-2026/19_auditchain.pdf?sfvrsn=aeb35a16_2 - Article and analysis: https://auditchain.com/https-auditchain-com-pcaob-strategic-plan-comment-submission/ - Web page: https://auditchain.com/about/policy/pcaob-comment-2026-2030-strategic-plan/ Responding to the PCAOB's 2026–2030 strategic priorities, this letter advances the thesis that audit transformation enables oversight transformation, with machine-readable disclosure as the foundation. It proposes three strategic actions: harmonize with European standards by amending PCAOB AS 4101 to align auditor responsibilities for Inline XBRL / machine-readable filings with the CEAOB's ESEF guidelines, so auditors opine on the machine-readable layer rather than leaving quality issues to post-filing SEC staff review; commit to updating standards to support cryptographically enforced, straight-through audit trails from internal controls to public disclosures; and prepare for the new digital asset audit engagements created by the GENIUS Act — which already mandates PCAOB-registered firm examination of stablecoin reserve disclosures — and the pending CLARITY Act, including on-chain attestations, smart contracts, and tokenized assets. ### FCA: Financial Conduct Authority (United Kingdom) Auditchain's regulatory engagement extends beyond the United States. This comment responds to the FCA's consultation on the perimeter of the UK's new cryptoasset regime, mapping the BNP disclosure framework onto UK statutory and regulatory provisions. #### Response to Consultation Paper CP26/13 — Cryptoasset Perimeter Guidance - Regulator: Financial Conduct Authority (United Kingdom) (FCA) - Date filed: 2026-04-20 - Filed by: Auditchain Labs AG - Consultation Paper: CP26/13 - Article and analysis: https://auditchain.com/auditchain-fca-cp2613-response/ - Web page: https://auditchain.com/about/policy/fca-cp26-13-cryptoasset-perimeter-guidance-response/ Auditchain's response to the FCA's Consultation Paper CP26/13, Cryptoasset Perimeter Guidance (April 2026), which sets out proposed guidance on the scope of the new regulated cryptoasset activities taking effect 25 October 2027. The submission answers each of the consultation's six questions and adds architectural observations on how the new perimeter interacts with adjacent UK regimes — the Critical Third Parties regime under section 312L of FSMA, the Bank of England's proposed regime for sterling-denominated systemic stablecoins under Part 5 of the Banking Act 2009, and the HMRC Cryptoasset Reporting Framework under SI 2025/744. It maps each section of the BNP disclosure framework to the UK statutory, regulatory, and perimeter-guidance provisions it engages. The consultation closes 3 June 2026, with final guidance expected in September 2026. --- ## Auditchain Labs Submits Comment to SEC on Regulation Crypto Assets, Calls for Machine-Readable Disclosure and Merkle Root Proof > Auditchain asks the SEC for machine-readable disclosure in every crypto asset form and a merkle root on a public blockchain for each filing. - Web page: https://auditchain.com/auditchain-labs-asks-sec-for-machine-readable-disclosure/ - Published: 2026-10-19 - Updated: 2026-10-20 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News, Policy - Tags: Crypto, Regulation, SEC, submission, Xbrl - Filing record: [SEC: Comment on Regulation Crypto Assets](https://auditchain.com/about/policy/sec-comment-regulation-crypto-assets.md), filed 2026-10-19 ### The 44-page submission asks the SEC to make every disclosure machine-readable and to require each filing to carry a merkle root recorded on a public blockchain. **WASHINGTON, D.C.**, October 19, 2026 — [Auditchain Labs AG](https://auditchain.com), a provider of global standards based regulatory disclosure automation and validation infrastructure, has filed a comment letter with the U.S. Securities and Exchange Commission (SEC). The letter responds to the SEC’s proposed Regulation Crypto Assets (“Reg CA”). Its main request is machine-readable disclosure: every disclosure should be readable by computers, not just by people. Auditchain recommends that every form use XBRL, the data format the SEC already uses on EDGAR, its filing system. In addition, each filing should carry a merkle root, a digital fingerprint of its facts, recorded on a public blockchain. As a result, anyone could check that what they read is exactly what the issuer filed. The SEC’s file number for the proposal is S7-2026-27 (Release Nos. 33-11434 and 34-106150; RIN 3235-AN38). [Read the full submission](https://www.sec.gov/comments/S7-2026-27/s7202627-1098139-3867107.pdf) on the SEC website. “Disclosure protects investors best when it can be found, compared and checked, and today that increasingly means that software must be able to read it,” said Jason Meyers, Lead Architect of Auditchain Labs AG. “Every Reg CA disclosure should be machine-readable. Each filing should carry a merkle root of its facts, recorded on a public blockchain, so that anyone can confirm that a disclosure is the one filed, complete and unchanged. The disclosures on which investors and the Commission rely should not be the one part of the record that cannot be verified.” ### Why Machine-Readable Disclosure Matters Under the proposal, only Part I of Form 1-CRYPTO, the notification, would use a structured format. Issuers would file the offering circular, financial statements and exhibits in HTML. The same goes for five other forms in the proposal: Forms NOR, 1-KC, 1-SC, 1-UC and TR. Finally, issuers would post the startup disclosure on a website, in whatever form they choose. The letter asks for every item of every form to be machine-readable, not only the cover pages. With machine-readable disclosure, the letter says, the SEC would be able to capture every fact in every document, from the first filing to the last. It could also supervise in an automated way. Investors, in turn, could compare offerings and follow what they bought. The letter also notes that investors increasingly read disclosure through software that reads data rather than documents. Examples are brokerage and wallet applications, data services and AI assistants. ### A Merkle Root for Every Filing Under the letter’s recommendation, the SEC would publish the method for computing each filing’s merkle root. Each root would be recorded on a public blockchain and linked to the root of the issuer’s previous filing. Changing, adding or removing any fact that the root covers changes the root. Anyone who has the filing can check it without relying on Auditchain or its software. First, they recompute the root from the filing’s facts by the published method. Then they compare it with the root recorded on the blockchain. ### A Working Model of Machine-Readable Disclosure To show how this works, Auditchain built a draft taxonomy for Reg CA. A taxonomy is the dictionary of a disclosure regime: it defines each fact that filings report. The draft has seven form models, 575 reportable elements and 498 validation rules, and it validates with no errors. However, it is not an official SEC taxonomy, and the SEC has not reviewed or endorsed it. In addition, Auditchain prepared nine sample filings for one sample issuer, Pacioli Labs, Inc. They show the complete lifecycle, from the first filing (Form NOR) to the last (Form TR), and carry 6,422 facts in all. On October 17, 2026, Auditchain recorded the merkle root of each sample filing on Ethereum. Each sample filing after the first reports the root of the one before. As a result, the nine filings form a chain in which a missing or altered filing can be detected. The sample filings are demonstrations. They are not filings and not offers of securities. Their dates are illustrative, and certain names and facts are placeholders. ### The Nine Sample Filings | # | Sample filing | Filed | Facts | Merkle root on Ethereum, block and time (UTC) | | --- | --- | --- | --- | --- | | 1 | [Form NOR](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c41426e053c/index) | Mar. 1, 2027 | 53 | [Merkle root 1](https://etherscan.io/tx/0x719ae6bcc3b342d2bf1725eba1032f19fed5c624f5c4065dd1ea9c0aa96ef999) Block 26,214,762 at 20:47:47 | | 2 | [Form 1-SU](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c41d8119445/index) | Mar. 1, 2027 | 893 | [Merkle root 2](https://etherscan.io/tx/0x2c9b1b2429122d3e4c43d85c3b1c6a888962111139f8212fedf3fd335e59b86e) Block 26,214,774 at 20:50:11 | | 3 | [Form 1-CRYPTO (Tier 2 Node Offering)](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c412d165fe7/index) | Sept. 1, 2027 | 1,169 | [Merkle root 3](https://etherscan.io/tx/0xcd233974a3c8fb6df9032c8655428260a6d6626ef4c0d992c1ebec05b0ea6ff6) Block 26,215,280 at 22:31:47 | | 4 | [Form 1-SU annual update](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c413af2a864/index) | Jan. 28, 2028 | 1,062 | [Merkle root 4](https://etherscan.io/tx/0xf43687f3a90cbe38a72215944da124b1ad385eacadbb0df18f1fa4d47a9ad856) Block 26,215,287 at 22:33:11 | | 5 | [Form 1-KC](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c41f3817a4f/index) | Mar. 31, 2028 | 1,095 | [Merkle root 5](https://etherscan.io/tx/0x495425015ebb969618b888226c6adcda1c53e00d6b2f4c653c521f68f861177c) Block 26,215,293 at 22:34:23 | | 6 | [Form 1-CRYPTO (Tier 2 AUDT Offering)](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c41b2031d6e/index) | Aug. 15, 2028 | 1,253 | [Merkle root 6](https://etherscan.io/tx/0x502ab7404f8a879e2e9b72bd2c7c56c50ae9b3589abb1f7b1a6a58709076bf71) Block 26,215,299 at 22:35:35 | | 7 | [Form 1-SC](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c41276379c8/index) | Sept. 8, 2028 | 296 | [Merkle root 7](https://etherscan.io/tx/0x08bb7ef879b2b28a345ccfe64d569b71a36a5741047b18b13afdd965da7241e5) Block 26,215,305 at 22:36:47 | | 8 | [Form 1-UC](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c418dcf2c39/index) | Dec. 22, 2028 | 156 | [Merkle root 8](https://etherscan.io/tx/0x91c01254a7091c0274f8b4a106d0c45a48c11358955eb165f5da4d792daa329a) Block 26,215,311 at 22:37:59 | | 9 | [Form TR](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c4126ba86a3/index) | Dec. 29, 2028 | 445 | [Merkle root 9](https://etherscan.io/tx/0x5e85a5755a7acd1c3c09484fd22eef8a501cee8077a8e8c5313c37f800a3707b) Block 26,215,317 at 22:39:11 | | | Total | | 6,422 | | *From Exhibit A of the submission. The filing dates are illustrative. Each merkle root link opens the Ethereum mainnet transaction that records the root; block times are in UTC.* Auditchain prepared these materials with Pacioli.ai, its on-chain platform for preparing and validating structured disclosures. ### Answers to 68 Questions on Disclosure The SEC’s proposing release asks 154 numbered questions. Sixty-eight of them concern disclosure, and the letter answers each one. Other recommendations include: - Make the startup disclosure an official form, Form 1-SU, filed with the SEC and posted on the issuer’s website. - Report every repeating item, such as each risk factor, promise or smart contract, as its own row. - Let crypto investors reach disclosure in a familiar manner such as the Pacioli Explorer on the condition that they are also filed through EDGAR - The agency should use the same technical standards as the technology it is supervising and require a chain of merkle proofs across all filings. Finally, the letter notes that the proposal does not say how markets should trade and hold existing crypto investment contracts. The letter says this leaves disclosure alone to protect investors in those markets. The letter joins two earlier Auditchain submissions to the SEC, on [Regulation S-K modernization](https://auditchain.com/auditchain-labs-submits-comment-to-sec-on-regulation-s-k-reform-digital-asset-disclosure/) and on covered user interface providers. See the full docket index on the [Auditchain policy page](https://auditchain.com/about/policy/). ### About Auditchain Labs AG [Auditchain Labs AG](https://auditchain.com) is a provider of global standards based regulatory disclosure automation and validation infrastructure. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ### About Pacioli.ai [Pacioli.ai](https://pacioli.ai/) is the world’s first web3 and AI enabled regulatory disclosure automation infrastructure for crypto assets. Pacioli.ai enables disclosure infrastructure and disclosure development automation as well as internal and external validation. It enables organizations to prepare financial and non-financial disclosure models and export them in any data format, including XBRL and iXBRL, as required under capital markets legislation. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) --- ## PwC and Auditchain Labs Announce Cooperation for Regulatory Disclosure Automation > PwC and Auditchain announce cooperation to offer regulatory disclosure automation for issuers and service providers of crypto assets - Web page: https://auditchain.com/pwc-and-auditchain-labs-announce-regulatory-disclosure-cooperation/ - Published: 2026-09-29 - Updated: 2026-10-02 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News, Partnerships - Tags: Crypto, Regulation ### The cooperation combines PwC’s regulatory, legal and capital markets expertise with Pacioli.ai—Auditchain’s agentic disclosure automation and external validation protocol—to deliver supervisory-grade compliance, beginning with MiCAR white paper disclosure in Europe. **Frankfurt am Main / Zug, 29 September 2026 —** PwC and Auditchain Labs AG (“Auditchain”) today announced a cooperation to bring agentic regulatory disclosure automation and external validation to issuers of crypto-assets and capital market participants worldwide, combining PwC’s regulatory, legal and advisory expertise with Pacioli.ai—Auditchain’s agentic AI disclosure and validation protocol. PwC and Auditchain will offer integrated solutions helping organisations prepare, validate and file regulatory disclosures more efficiently and auditably. Pacioli.ai automates preparation of financial and non-financial disclosure models and exports them in structured formats—including the XBRL and iXBRL required by over 140 regulators in 65 jurisdictions—while the Pacioli.ai validator network provides independent, corroborated external validation. PwC brings independent legal and advisory expertise to ensure the solutions meet supervisory standards. > > *“As capital markets migrate onchain, regulatory disclosure must enter a new era,” said Dr. Hagen Weiss, Digital Assets Legal Leader at PwC. “Issuers must deliver disclosures that are compliant, computable, traceable and auditable. Whether under MiCAR in Europe or the emerging GENIUS and CLARITY Acts in the United States, the trajectory is clear—and this cooperation puts PwC and Auditchain at the forefront.”* > > > > ### START: MiCAR White Paper Disclosure Automation The first deployment is [START — Submission, Traceability, Automation, Reporting & Transparency](https://legal.pwc.de/en/news/articles/a-recap-on-micar-white-paper-machine-readability-requirements) — a coordinated offering addressing obligations under the Markets in Crypto-Assets Regulation (MiCAR). With the MiCAR Implementing Technical Standards now published, issuers of e-money tokens (EMTs), asset-referenced tokens (ARTs) and other crypto-assets face rigorous requirements for white paper preparation, validation and filing in iXBRL. Powered by [Pacioli.ai](https://pacioli.ai), START gives each client a dedicated, secure environment for MiCAR compliance, enabling collaboration between internal teams and external advisers with full traceability, version control and role-based access: - **Template-driven composition workflows** aligned with MiCAR ITS for EMTs, ARTs and other crypto-assets - **Internal and external validation** against the full MiCAR ITS, flagging gaps and non-compliant content - **Export to iXBRL** for direct regulatory filing, plus .xls, .pdf and .html for internal review and publication - **Granular user management and governance controls**, including built-in End User Agreement workflows ### External Validation START includes PwC’s role as external validator, providing independent regulatory review alongside the platform’s automated checks. Every validation output, version change and stakeholder approval is logged and time-stamped, generating an evidence pack that cryptographically enforces who reviewed what, when and on what basis—an audit trail critical under supervisory scrutiny. > *“START is designed for defensibility by design,” said Dr. Michael Huertas, Partner and Global & European Financial Services Legal Leader at PwC. “By embedding PwC’s independent regulatory expertise alongside automated compliance validation, we give issuers a solution that compresses timelines while maintaining the highest standards of accuracy and traceability. As reporting requirements expand globally, the infrastructure scales across jurisdictions and schemes.”* ### Pacioli.ai Pacioli.ai applies agentic AI to regulatory disclosure and records the results. Purpose-built agents read a filing against the rules that govern it, and no single model’s output stands as the conclusion: independent agents constrained by standardized machine-readable taxonomies examine the same filing and must corroborate with one another before a validation is final. Each conclusion, the evidence behind it and the agents that reached it are written to a distributed ledger, producing a tamper-evident record that a supervisor, auditor or investor can verify for themselves. Validators stake collateral against their conclusions, so accuracy carries economic consequence rather than depending on manual oversight. > *“Onchain capital markets have attributes with no analogue in TradFi and require onchain disclosure frameworks, full stop,” said Jason Meyers, Lead Architect at Auditchain Labs AG. “The governance features of Pacioli.ai allow delegation of legal, accounting and assurance functions at the protocol level to a network of experts. We are honored that PwC is joining our mission to institutionalize Pacioli.ai.”* > > ### Pacioli Explorer > > Pacioli.ai will also feature the Pacioli Explorer, a public application displaying the compliance status for issuers of crypto-assets and their service providers. Each project carries a color-coded badge—Green (compliant), Yellow (pending) or Red (deficient)—giving investors, exchanges and regulators at-a-glance transparency, and embeddable on websites and listing applications. The Explorer aims to become the global access point for regulatory disclosure. > > ### About PwC > > At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 149 countries with over 364,000 people who are committed to delivering quality in assurance, advisory, tax and legal services. Find out more at [http://pwc.com/](http://pwc.com/). > > ### About Auditchain Labs AG > > [Auditchain Labs AG](https://auditchain.com) is a provider of global standards based regulatory disclosure automation and validation infrastructure. [Pacioli.ai](https://pacioli.ai) enables disclosure infrastructure and instance development as well as internal and external validation. Pacioli.ai enables organisations to prepare financial and non-financial disclosure models and export them in any data format, including XBRL and iXBRL, as required under capital markets legislation. For more information, visit [auditchain.com](https://auditchain.com/). > > **[Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw)** > > ### Contacts > > ### PwC > > ![Dr. Michael Huertas, PwC](https://auditchain.com/wp-content/uploads/2026/09/michael-huertas-pwc.png) > > [Dr. Michael Huertas](https://legal.pwc.de/en/lawyers/michael-huertas) > > Partner, Global & European Financial Services Legal Leader > > M: +49 1511 6155610 > > [Michael.Huertas@pwc.com](mailto:Michael.Huertas@pwc.com) ![Dr. Hagen Weiss, PwC](https://auditchain.com/wp-content/uploads/2026/09/hagen-weiss-pwc.png) [Dr. Hagen Weiss](https://legal.pwc.de/en/lawyers/hagen-weiss) Digital Assets Legal Leader M: +49 1511 5708446 [hagen.weiss@pwc.com](mailto:hagen.weiss@pwc.com) ### Auditchain Labs AG ![Jason Meyers, Auditchain Labs AG](https://auditchain.com/wp-content/uploads/2026/09/jason-meyers-auditchain.png) [Jason Meyers](https://auditchain.com/team/jason-meyers/) Lead Architect +1917 836 0608 [jm@auditchain.com](mailto:jm@auditchain.com) *Pacioli.ai is a product of Auditchain Labs AG, a company organised under the laws of Switzerland. Auditchain®, Pacioli.ai® and all related logos and marks are the property of Auditchain Labs AG. The cooperation described in this release does not constitute a joint venture, partnership or agency relationship between the parties. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Platform outputs, including automated compliance validations, do not constitute assurance, legal advice, regulatory approval or a guarantee of acceptance by any competent authority.* --- ## Auditchain Labs Submits Stablecoin Reporting Framework in Response to FDIC Request for Public Comment > Auditchain Labs Submits Stablecoin Reporting Framework in Response to the FDIC's Request for Public Comment. - Web page: https://auditchain.com/auditchain-labs-submits-stablecoin-reporting-framework-to-fdic/ - Published: 2026-09-25 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News, Policy, Product - Tags: Regulation, stablecoins - Filing record: [FDIC: GENIUS Act Reporting Forms Comment (Forms PS-01, PS-01a and PS-02)](https://auditchain.com/about/policy/fdic-reporting-forms-comment-omb-3064-0225.md), filed 2026-09-16 ### The Comprehensive 79 page submission provides a plug and play machine-readable disclosure framework for permitted payment stablecoin issuers that includes disclosure of mining, validation and staking activities by PPSIs and their affiliates. **WASHINGTON, D.C.**, September 23, 2026 — [Auditchain Labs AG](https://auditchain.com), the provider of regulatory disclosure automation infrastructure for the crypto space has filed a 79 page submission with the Federal Deposit Insurance Corporation on the agency’s proposed weekly and quarterly reporting forms for permitted payment stablecoin issuers under the GENIUS Act. The narrative, specification and draft samples respond to the FDIC’s notice and request for comment on its proposed Forms PS-01 (weekly activity and reserve reporting), PS-01a (the short-form weekly report for smaller issuers) and PS-02 (the quarterly report of condition and income). This is Auditchain’s fourth GENIUS Act submission to the FDIC and its eighth to the federal banking agencies and the NCUA since February 2026. See full docket index: [https://auditchain.com/about/policy/](https://auditchain.com/about/policy/) [Read full submission](https://www.fdic.gov/federal-register-publications/auditchain-jason-meyers-omb-3064-0225.pdf) ### FDIC Request and Auditchain’s Response The FDIC asked which structured format would work best for these filings. Auditchain’s answer is XBRL JSON: one shared taxonomy with the Office of the Comptroller of the Currency, shipped with the validation rules the instructions already describe in prose, and extended so each issuer and its affiliates disclose mining, validation, staking and related blockchain network participation (“BNP”) activities for PPSIs and regulated entities within the perimeter of the GENIUS Act. In plain terms, the submission makes three points. **1. Put the reports in a format the FDIC already runs.** The FDIC asked which structured format would work best for PPSI filings. XBRL is the same semantic layer the agency has used for Call Reports since 2005, and contains the machine-readable attributes the FDTA Joint Data Standards require. XML, JSON and CSV remain available as transports. What XBRL adds is the missing piece: published definitions, statutory references, calculations, dimensions, and executable rules so every weekly and quarterly file arrives with its meaning attached. One taxonomy, specified jointly with the OCC, lets an issuer supervised by both agencies use the same taxonomy across the FFIEC infrastructure. **2. Ship the checks the instructions already describe.** The weekly and quarterly instructions already tell filers to leave formula cells alone and to complete internal consistency checks before they submit. Publishing those checks as a machine-executable rule set with the taxonomy operationalizes the acceptance test. Derived cells are computed. Every “sum of” and “must equal” becomes an assertion. The one-to-one reserve requirement and the 40 percent concentration limit become rules of the collection, with their measurement basis stated. A filing that does not satisfy a rule is returned with the failing rule identified. Short-form eligibility on PS-01a is derived from reported inputs rather than asserted. **3. Close Supervisory Gaps with Blockchain Network Participation.** The proposed forms already collect the reserve book and the mint-and-redeem tape. Adding BNP schedules; issuer participation, affiliate participation, and aggregated concentration and systemic risk gives supervisors the settlement layer facts that sit under those balances: who mines, validates and stakes on the networks where the stablecoin lives, and who receives the economics of that activity. Those facts also give the yield prohibition a fact pattern detection mechanism instead of a checkbox. The schedules are already included in the FDIC’s dockets and are loaded in the sample models. XBRL US has recommended the same BNP disclosure elements to the FDIC, the OCC and the NCUA. ### Sample Forms The following are the machine-readable sample reports with the proposed BNP schedules included in the FDIC submission: - **[PS-01 — weekly long form](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c416cfa3e11/index)** - **[PS-01a — weekly short form (eligibility computed by rule, not asserted)](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c41e2560fbb/index)** - **[PS-02 — quarterly condition and income](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c4149230f44/index)** All of the fact data contained in the samples is fictional. Users can click through the schedule hierarchy, the axes (day, chain, CUSIP, agreement, reserve category), and the rule families: consistency, roll-forward, member aggregation, derivation, and executable assertions including the short-form gate that forces Schedules D through H off the page when the issuer actually qualifies, and onto the page when it does not. Auditchain believes one shared taxonomy, filed through the FFIEC system the OCC, the Federal Reserve and the FDIC already use, would simplify reporting and cut costs for the agencies and for PPSIs. Issuers would map their data once. Supervisors would maintain one rule set instead of three. ### About Auditchain Labs AG [Auditchain Labs AG](https://auditchain.com) is a provider of global standards based regulatory disclosure automation and validation infrastructure. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ### About Pacioli.ai [Pacioli.ai](https://pacioli.ai/) is the world’s first web3 and AI enabled regulatory disclosure automation infrastructure for crypto assets. Pacioli.ai enables disclosure infrastructure and disclosure development automation as well as internal and external validation. Pacioli.ai enables organizations to prepare financial and non-financial disclosure models and export them in any data format, including XBRL and iXBRL, as required under capital markets legislation. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) --- ## SEC Regulation Crypto Assets (Reg-CA) May Ignite American ICO Boom > SEC Regulation Crypto Assets (Reg-CA) may ignite the next U.S. ICO boom by replacing regulatory ambiguity with clear pathways for capital formation. - Web page: https://auditchain.com/sec-regulation-crypto-assets-may-ignite-american-ico-boom/ - Published: 2026-08-22 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News, Product - Tags: Blockchain, Crypto, Regulation ### Proposed Regulation Crypto Assets (Reg-CA) is positioned to ignite the next U.S. ICO boom by replacing regulatory ambiguity with clear, scalable, onshore pathways for capital formation. On August 18, 2026, the SEC proposed Regulation Crypto Assets, creating two tailored exemptions from Securities Act registration specifically for covered investment contracts involving crypto assets: - **Startup Exemption**: A one-time pathway for up to $5 million over four years, with principles-based narrative disclosures and simple public notices (Form NOR / Form TR). - **Fundraising Exemption**: A two-tier regime modeled on Regulation A — Tier 1 up to $20 million and Tier 2 up to $75 million in any 12-month period — requiring an offering statement on Form 1-CRYPTO, financial statements (audited for Tier 2), and ongoing reporting on Forms 1-KC (annual), 1-SC (semiannual), and 1-UC (current events). All filings are electronic via EDGAR. These exemptions are non-exclusive, permit general solicitation, provide state-law preemption for both primary offerings and secondary trading (while ongoing reporting obligations are met), and include a conditional safe harbor that allows an issuer to certify the end of essential managerial efforts and exit the investment-contract classification entirely. The practical effect is transformative. For the first time ever, U.S. projects will have fixed dollar thresholds, defined disclosure obligations, and a measurable path to raise capital from American investors without full registration or forced relocation offshore. Clear rules, retail access (subject to investment limits in some cases), and an explicit exit ramp via the investment-contract safe harbor dramatically reduce the legal and operational friction that previously pushed innovation and capital overseas. If adopted substantially as proposed, Reg-CA supplies the missing on-ramp that can catalyze a new generation of compliant, U.S.-domiciled token launches at meaningful scale. **Pacioli.ai is purpose-built to automate the entire Reg-CA disclosure and reporting lifecycle.** Pacioli.ai is a standards based AI-driven regulatory disclosure automation infrastructure that maps directly onto the new regime: - **Initial offering statements (Form 1-CRYPTO)**: Pacioli ingests project documentation, smart-contract code, tokenomics, roadmap commitments, and financial data; generates the required principles-based narrative disclosures; structures the offering circular; prepares U.S. GAAP financial statements; and produces SEC EDGAR-ready electronic packages (including the XML-based Part I notification). AI validation and taxonomy alignment ensure consistency and completeness before filing. - **Ongoing reporting (Forms 1-KC, 1-SC, 1-UC)**: Continuous monitoring of on-chain activity, material events, financial condition, and development progress automatically populates annual, semiannual, and current reports. Updates are generated on the required cadence and delivered in EDGAR-compatible format. - **Verification and selective disclosure**: Outputs allow issuers to prove the accuracy of key assertions (managerial efforts status, token supply, financial metrics, etc.) without revealing underlying sensitive data — ideal for both investor-facing materials and the Form TR safe-harbor certification. - **End-to-end workflow**: From draft offering statement through qualification, continuous reporting, and eventual transition/exit filings, Pacioli reduces manual effort, compresses timelines, lowers error risk, and maintains a machine-readable, cryptographically verifiable audit trail. ![Complete accounting, audit and disclosure lifecycle: Pacioli Startup, Pacioli Ledger, Pacioli Audit and Pacioli.ai Disclosure Automation](https://auditchain.com/wp-content/uploads/2026/08/pacioli-ai-1-1024x1024.png) **Pacioli.ai SEC Reg-CA** lifecycle, automated end to end. **Pacioli.ai Startup** automates and files the initial disclosure. **Pacioli Ledger** crypto/fiat ERP accounting records on-chain, smart contract and all transactional activity as accounting entries and exports to EDGAR compliant ongoing disclosure. **Pacioli Audit** enables continuous external audit. **Pacioli.ai Disclosure Automation** delivers ongoing and exit disclosure through EDGAR. By turning the principles-based and ongoing reporting obligations of Reg-CA into automated, verifiable, EDGAR-ready processes, Pacioli.ai removes the last major operational barrier. Projects can focus on building while the platform handles the regulatory machinery. The combination of clear SEC pathways and automated compliance infrastructure is precisely what is required to bring the next wave of crypto capital formation back onshore at scale, with integrity, and under U.S. rules. Contact [support@pacioli.ai](mailto:support@pacioli.ai) to get a head start before the final version of Reg-CA becomes effective. ### About Auditchain Labs AG Auditchain Labs AG is a provider of global standards based regulatory disclosure automation and validation infrastructure. Pacioli.ai enables disclosure infrastructure and instance development as well as internal and external validation. Pacioli.ai enables organizations to prepare financial and non-financial disclosure models and export them in any data format, including XBRL and iXBRL, as required under capital markets legislation. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ### About Pacioli.ai [Pacioli.ai](https://pacioli.ai/) is the world’s first web3 and AI enabled regulatory disclosure automation infrastructure for crypto assets. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) --- ## Auditchain Labs Responds to OCC Proposed Forms PS-01 and PS-02 for Stablecoin Reporting Including Blockchain Mining and Validation Disclosure Demonstration > Auditchain Labs submitted demonstrations of OCC proposed Forms PS-01 and PS-02 with mining and validator disclosure by issuers of stablecoins - Web page: https://auditchain.com/auditchain-labs-responds-to-occ-proposed-disclosure-forms/ - Published: 2026-08-11 - Updated: 2026-08-14 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: Policy, Product - Tags: Artificial Intelligence, Crypto, Regulation - Filing record: [OCC: Proposed Reporting Forms Comment (Forms PS-01 and PS-02)](https://auditchain.com/about/policy/occ-proposed-reporting-forms-comment-ps-01-ps-02.md), filed 2026-08-14 Washington DC – August 11, 2026 – Auditchain Labs AG, a provider of AI regulatory disclosure automation infrastructure today submitted a formal comment letter to the Office of the Comptroller of the Currency in response to OCC Bulletin 2026-24 and the related Federal Register notice (91 FR 35795) requesting comment on proposed Forms PS-01 (Weekly Payment Stablecoin Activity and Reserve Reporting) and PS-02 (Quarterly Reports of Condition and Income for Permitted Payment Stablecoin Issuers). The comment urges the OCC to require disclosure of Blockchain Network Participation (“BNP”) activities—mining, validation, staking, and related network operations—by each Permitted Payment Stablecoin Issuer and its affiliates. Auditchain argues that these activities constitute material information affecting safety and soundness, settlement integrity, conflicts already restricted under the GENIUS Act, and the effectiveness of the yield prohibition. Unlike conventional comment letters that remain at the level of policy argument, the submission supplies working proof. Auditchain has expressed both proposed forms as complete, Financial Data Transparency Act Joint Data Standards-ready logical models that incorporate every schedule of the OCC’s proposal plus three additional BNP schedules. [Read full comment letter](https://auditchain.com/wp-content/uploads/2026/08/Auditchain-OCC-Proposed-Forms-Comment-Letter.pdf) ### Sample OCC Models The models carry machine-enforceable validation rules. Live, browser-accessible versions of both models are published and available for immediate inspection by OCC staff without software installation or account creation Each model contains structure, labels, authority references (to GENIUS Act sections and the OCC’s own instructions), calculation relationships, dimensional axes, and executable validation logic. Agency staff can navigate schedules, inspect rules in plain English, and observe validation results directly in the browser. - [Sample OCC Form PS-01](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c41e63f5348/index) - [Sample OCC Form PS-02](https://luca.pacioli.ai/luca/view/ac408d76a61c9984077a41efb2ccbe65063aedc070b25b527ec49b787ef00c41eb44023e/index) > “The collection as proposed by OCC collects reserve and activity data but has no mechanism to detect when a filing violates the collection’s own stated expectations, including the one-to-one backing requirement,” said Jason Meyers, Lead Architect of Auditchain Labs AG. “We have already built the taxonomies, the 197 rules, and the live models. The OCC does not need to invent the infrastructure; it only needs to specify it.” The comment incorporates by reference six [prior Auditchain filings](https://auditchain.com/about/policy/) with the OCC, FDIC, and NCUA between February and May 2026 that developed the same BNP framework. Independent support for the disclosure has also been expressed by XBRL US in letters to the NCUA and FDIC, and the framework has been examined by the Rutgers Continuous Auditing & Reporting Lab. ### Key recommendations include: - Adding BNP Schedules I, J, and K to Form PS-01 and Schedules F, G, and H to Form PS-02; - Specifying a structured, machine-readable filing format using the XBRL standard already in production for Call Reports; - Delivering a machine-executable validation rule set with the forms so that arithmetic and structural integrity are enforced at filing; - Testing the one-to-one backing requirement within the collection itself; - Harmonizing data elements with the FDIC’s parallel collection; and - Identifying reporting institutions and affiliates by Legal Entity Identifier. An accompanying Exhibit A provides a specification of both taxonomies and enumerates all validation rules. Exhibit B transmits a to be transmitted parallel letter to the Chairmen of the Senate Banking and Agriculture Committees proposing statutory codification of ongoing, machine-readable BNP disclosure through an amendment to the Digital Asset Market Clarity Act of 2025 and amendment to the GENIUS Act. ### About Auditchain Labs AG Auditchain Labs AG is a provider of global standards based regulatory disclosure automation and validation infrastructure. Pacioli.ai enables disclosure infrastructure and instance development as well as internal and external validation. Pacioli.ai enables organizations to prepare financial and non-financial disclosure models and export them in any data format, including XBRL and iXBRL, as required under capital markets legislation. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ### About Pacioli.ai [Pacioli.ai](https://pacioli.ai/) is the world’s first web3 and AI enabled regulatory disclosure automation infrastructure for crypto assets. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) --- ## Auditchain Labs Submits Comment Letter to FDIC on Operational Rule for Stablecoin Issuers > Auditchain Labs policy agenda shines a light on blockchain structural disclosure with its focus on mining and validation. - Web page: https://auditchain.com/auditchain-labs-submits-third-fdic-comment-letter/ - Published: 2026-05-23 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: Policy - Tags: genius, Regulation - Filing record: [FDIC: GENIUS Act Requirements & Standards Comment Letter](https://auditchain.com/about/policy/fdic-genius-act-requirements-and-standards-comment-rin-3064-ag19.md), filed 2026-05-14 ### Policy agenda shines a light on blockchain structural disclosure with its focus on mining and validation. **Washington D. C. – May 14, 2026.** Auditchain Labs AG submitted a comment letter to the FDIC in response to its Notice of Proposed Rulemaking implementing the GENIUS Act for FDIC-supervised permitted payment stablecoin issuers (PPSIs) and insured depository institutions (RIN 3064–AG19, 91 Fed. Reg. 18534). Read the full comment letter [here](https://www.fdic.gov/federal-register-publications/auditchain-labs-ag-jason-meyers-rin-3064-ag19.pdf). This is the latest in Auditchain’s coordinated series of submissions to the federal agencies responsible for GENIUS Act implementation—following the FDIC, OCC, NCUA, and SEC. Where the earlier FDIC submissions addressed *application* procedures, this NOPR governs the *ongoing operational requirements* PPSIs face once approved: reserves, capital, risk management, redemption, reporting, and supervision. That makes it the right place to embed [Blockchain Network Participation](https://raw.rutgers.edu/bnp-disclosure-taxonomy) (BNP) disclosure directly into the framework that supervises issuers on a continuing basis. The letter advances a single thesis: the GENIUS Act *already* requires this and well settled law requires it. Operational risk management, tailoring authority, and anti-evasion authority each demand the informational foundation that BNP disclosure provides. Structuring what is already required as a matter of well settled law—not requiring new disclosure. Five recommendations: - Incorporate machine-readable BNP disclosure into proposed § 350.6, via a new § 350.6(c) plus six targeted amendments to existing subsections. - Require XBRL filing of all PPSI disclosures—weekly, monthly reserve composition, and quarterly—coordinated through the FFIEC. - Refine the yield-prohibition rebuttable presumption to rely on BNP disclosure as a fact-based enforcement mechanism rather than a broad presumption that may capture legitimate arrangements. - Adopt the BNP framework’s definitions for “distributed ledger” and “smart contract” through structured disclosure rather than static classification. - Coordinate with the OCC under the FFIEC so issuers file once, in one taxonomy, across both jurisdictions. The framework itself is unchanged and incorporated by reference: seven disclosure categories, a 148-question questionnaire mapped to a 125-element XBRL taxonomy, with equal-input/equal-output validation that turns disclosure into an automated supervisory tool. The counterfactual is the point: if every GENIUS Act regulator required disclosure in the same machine-readable taxonomy, interagency duplication—which the Act itself directs agencies to avoid would disappear by construction. ### About Auditchain Labs AG Auditchain Labs AG is a provider of global standards based regulatory disclosure automation and validation infrastructure. Pacioli.ai enables disclosure infrastructure and instance development as well as internal and external validation. Pacioli.ai enables organizations to prepare financial and non-financial disclosure models and export them in any data format, including XBRL and iXBRL, as required under capital markets legislation. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ### About Pacioli.ai [Pacioli.ai](https://pacioli.ai/) is the world’s first web3 and AI enabled regulatory disclosure automation infrastructure for crypto assets. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) --- ## Auditchain Labs Urges PCAOB to Lead Audit Transformation in Digital Asset Era > Comment Letter Calls for Machine-Readable Disclosures in Audit Scope Amid GENIUS and CLARITY Acts Implementation - Web page: https://auditchain.com/https-auditchain-com-pcaob-strategic-plan-comment-submission/ - Published: 2026-05-18 - Updated: 2026-05-22 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: Policy - Tags: Digital Assets, policy, submission - Filing record: [PCAOB: Comment on the 2026–2030 Strategic Plan](https://auditchain.com/about/policy/pcaob-comment-2026-2030-strategic-plan.md), filed 2026-05-12 ### CLARITY Acts Implementation **Washington, D.C. – May 18, 2026** — Auditchain Labs AG has submitted a detailed public comment to the Public Company Accounting Oversight Board (PCAOB), advocating for bold updates to auditing standards to support the rapid evolution of U.S. capital markets toward machine-readable and on-chain financial reporting. Submitted on May 12, 2026, the letter responds to PCAOB Release No. 2026-001 on the Board’s 2026–2030 strategic priorities. It emphasizes a core thesis: **“Audit transformation enables oversight transformation,”** with machine-readable disclosures serving as the foundation. #### Key Recommendations Auditchain proposes three strategic actions: 1. **Harmonize with European Standards**: Amend PCAOB AS 4101 to align U.S. auditor responsibilities for Inline XBRL/machine-readable filings with the Committee of European Auditing Oversight Bodies (CEAOB) ESEF guidelines. This would require auditors to opine on the machine-readable layer, addressing quality issues currently handled post-filing by SEC staff. 1. **Evolve Standards for Cryptographic Audit Trails**: Commit to updating auditing standards to support cryptographically enforced, straight-through audit trails—from internal controls to public disclosures. Auditchain highlights its [Pacioli.ai](https://pacioli.ai) platform, a decentralized physical infrastructure network, (“DePIN”) for disclosure validation, operational under EU [MiCA](https://mica.pacioli.ai). 1. **Prepare for Digital Asset Audits**: Anticipate the new audit engagements created by the GENIUS Act (which already mandates PCAOB-registered firm examinations of payment stablecoin reserve disclosures) and the pending CLARITY Act. This includes blockchain-specific considerations like on-chain attestations, smart contracts, and tokenized assets. ##### Broader Context The letter situates these recommendations within a historic regulatory convergence: implementation of the **GENIUS Act**, anticipated **CLARITY Act**, **Financial Data Transparency Act (FDTA)** joint standards across nine federal agencies, and extensive state/local structured reporting. Together, these position the U.S. to lead as the “machine-readable capital of the world” and foundation for on-chain capital market migration. Auditchain notes its ongoing policy agenda, including XBRL taxonomy development for digital assets and prior submissions to the FDIC, OCC, NCUA, and SEC. The company offers technical assistance to the PCAOB. ##### Why It Matters By bringing assured, structured data into the core of audits, the PCAOB can enhance audit quality, enable real-time supervision, reduce compliance friction, and strengthen U.S. competitiveness in a tokenized financial future. The comment underscores that failing to act now risks ceding ground to jurisdictions like the EU that have already advanced. The full comment letter is available on the PCAOB website as [Comment Letter No. 19.](https://assets.pcaobus.org/pcaob-dev/docs/default-source/about/administration/strategic-plan-comments-2026/19_auditchain.pdf?sfvrsn=aeb35a16_2) Public input on the PCAOB’s strategic plan was due May 15, 2026. ##### About Auditchain Labs AG Auditchain Labs AG is a provider of global standards based regulatory disclosure automation and validation infrastructure. Pacioli.ai enables disclosure infrastructure and instance development as well as internal and external validation. Pacioli.ai enables organizations to prepare financial and non-financial disclosure models and export them in any data format, including XBRL and iXBRL, as required under capital markets legislation. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ##### About Pacioli.ai [Pacioli.ai](https://pacioli.ai) is the world’s first web3 and AI enabled regulatory disclosure automation infrastructure for crypto assets. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) --- ## Auditchain Labs AG Submits Advanced Machine-Readable Blockchain Network Participation Framework to OCC for GENIUS Act Rulemaking > OCC comment letter urges Blockchain Network Participation (BNP) Disclosure to strengthen operational risk management requirements. - Web page: https://auditchain.com/occ-submission-urges-blockchain-network-participation-disclosure-for-genius-act-rulemaking/ - Published: 2026-04-30 - Updated: 2026-05-22 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News, Policy - Tags: genius act, proof of stake, proof of work, submission - Filing record: [OCC: GENIUS Act NOPR Comment Letter](https://auditchain.com/about/policy/occ-genius-act-nopr-comment-letter-occ-2025-0372.md), filed 2026-04-27 **Washington D. C. – April 27, 2026** – Auditchain Labs AG today submitted a comprehensive comment letter to the Office of the Comptroller of the Currency (OCC) on Docket [OCC-2025-0372](https://www.regulations.gov/comment/OCC-2025-0372-0122), addressing the agency’s proposed rulemaking to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The comment letter urges the OCC to incorporate the company’s **Blockchain Network Participation (BNP) Disclosure Taxonomy** — a fully structured, machine-readable framework consisting of **148 input questions mapped to 125 XBRL output elements** across eight disclosure domains — directly into the final rule, specifically to strengthen operational risk management requirements under § 15.13. Key elements of the proposed BNP framework include mandatory disclosures on: - Blockchain protocols utilized and consensus mechanisms - Direct and affiliate network participation (validators, governance, concentration) - Systemic risk and concentration analysis - Operational controls and MEV conflict mitigation - Multi-network, affiliate, and third-party service provider arrangements (including yield evasion and structural risks) The submission emphasizes that reserve attestations alone create an illusion — the false assumption that fiat backing alone guarantees stability. True operational security for stablecoins requires continuous, machine-readable transparency into the underlying blockchain infrastructure, cross-chain bridges, validator dependencies, and Maximal Extractable Value (MEV) surfaces that can render even fully reserved assets inaccessible or depegged. *“This submission represents a significant step toward modernizing U.S. stablecoin regulation with structured, computable data that matches the speed and complexity of blockchain infrastructure”, said* ***Jason Meyers****,* ***Lead Architect at Auditchain Labs AG*** *and contributor to the Rutgers CAR Lab research paper* [*Beyond the Fiat Vault*](https://raw.rutgers.edu/bnp-disclosure-taxonomy)*. “The GENIUS Act’s reserve-focused approach must be supplemented with infrastructure disclosures. Our BNP XBRL-JSON taxonomy provides regulators with the supervisory tool needed for true safety and soundness and conflict of interest oversight.”* The proposal to OCC builds directly on Auditchain’s broad policy campaign and direct engagements with the FDIC (RIN 3064-AG20, [February](https://auditchain.com/auditchain-labs-urges-proof-of-work-and-proof-of-stake-activity-disclosures-for-stablecoin-applications/) and [March](https://www.fdic.gov/federal-register-publications/supplemental-comment-auditchain-labs-ag-jason-meyers-rin-3064-ag20) 2026), OCC on [Bank Chartering](https://www.regulations.gov/comment/OCC-2025-0768-0016) and [NCUA 2025-1335-0001](https://auditchain.com/auditchain-labs-proposes-bnp-disclosure-for-ncua-oversight-of-stablecoin-issuers/) The full comment letter is publicly available on [Regulations.gov under Docket ID **OCC-2025-0372-0122**.](https://www.regulations.gov/comment/OCC-2025-0372-0122) ### About Auditchain Labs AG Auditchain Labs AG is a provider of global standards based regulatory disclosure automation and validation infrastructure. Pacioli.ai enables disclosure infrastructure and instance development as well as internal and external validation. Pacioli.ai enables organisations to prepare financial and non-financial disclosure models and export them in any data format, including XBRL and iXBRL, as required under capital markets legislation. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ### About Pacioli.ai Pacioli.ai is the world’s first web3 and AI enabled regulatory disclosure automation infrastructure for crypto assets. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) **Related research:** *[Beyond the Fiat Vault: Blockchain Network Participation (BNP) Disclosure Taxonom](https://raw.rutgers.edu/bnp-disclosure-taxonomy)* --- ## Auditchain Responds to UK FCA Consultation on the Perimeter of the New Cryptoasset Regime > Auditchain Labs AG submits its response to UK FCA Consultation Paper CP26/13 on Cryptoasset Perimeter Guidance. Download the submission. - Web page: https://auditchain.com/auditchain-fca-cp2613-response/ - Published: 2026-04-20 - Updated: 2026-05-23 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News, Policy - Tags: Digital Assets, policy, Regulation, submission - Filing record: [FCA: Response to Consultation Paper CP26/13 — Cryptoasset Perimeter Guidance](https://auditchain.com/about/policy/fca-cp26-13-cryptoasset-perimeter-guidance-response.md), filed 2026-04-20 **20 April 2026** — Auditchain Labs AG today filed its [response](https://auditchain.com/wp-content/uploads/2026/05/Auditchain-Labs-FCA-Public-Consulation-Response-CP-26-13.pdf) to the UK Financial Conduct Authority’s Consultation Paper CP26/13, *Cryptoasset Perimeter Guidance* (April 2026). The consultation sets out the FCA’s proposed guidance on the scope of the new regulated cryptoasset activities that will take effect on 25 October 2027. The submission responds to each of the six questions posed by CP26/13 and supplements those answers with architectural observations on the interaction between the new perimeter and adjacent UK regimes — the Critical Third Parties regime under section 312L of FSMA, the Bank of England’s proposed regime for sterling-denominated systemic stablecoins under Part 5 of the Banking Act 2009, and the HMRC Cryptoasset Reporting Framework under SI 2025/744. The submission also maps each section of Auditchain’s Blockchain Network Participation (BNP) disclosure framework to the UK statutory, regulatory and perimeter-guidance provisions it engages. The CP26/13 response is the latest in a coordinated policy of regulatory engagement by Auditchain across the major financial regulators implementing stablecoin and cryptoasset frameworks. The following submissions have been made: [US Federal Deposit Insurance Corporation (RIN 3064-AG20) original filed February 2026](https://auditchain.com/auditchain-labs-urges-proof-of-work-and-proof-of-stake-activity-disclosures-for-stablecoin-applications/) [US Federal Deposit Insurance Corporation (RIN 3064-AG20) Supplemental filed March 2026)](https://www.fdic.gov/federal-register-publications/supplemental-comment-auditchain-labs-ag-jason-meyers-rin-3064-ag20) [Office of the Comptroller of the Currency (Docket OCC-2025-0768, February 2026)](https://www.regulations.gov/comment/OCC-2025-0768-0016) [National Credit Union Administration (Docket NCUA-2025-1335, April 2026)](https://auditchain.com/auditchain-labs-proposes-bnp-disclosure-for-ncua-oversight-of-stablecoin-issuers/) Further submissions are in preparation in response to the OCC’s GENIUS Act implementation rulemaking (closing 1 May), the US Treasury’s state-oversight rulemaking (closing 2 June), the FDIC’s GENIUS Act Requirements and Standards rulemaking (closing 9 June), and the NCUA’s Phase II implementation rulemaking. Auditchain’s policy engagement is expected to continue across relevant US agencies when the pending Digital Asset Market Clarity Act of 2025 is operationalised. The FCA’s consultation closes on 3 June 2026. Final guidance is expected in September 2026, with the new regime’s authorisation gateway open from 30 September 2026 to 28 February 2027. **Download:** [Auditchain response to FCA CP26/13 (PDF)](https://auditchain.com/wp-content/uploads/2026/04/Auditchain-Labs-FCA-Public-Consulation-Response-CP-26-13.pdf) **Consultation:** [FCA Consultation CP26/13](https://www.fca.org.uk/publication/consultation/cp26-13.pdf) #### About Auditchain Labs AG [Auditchain Labs AG](https://auditchain.com/) is a pioneering force in developing web3 and artificial intelligence-based financial reporting, crypto-asset disclosure, and analysis applications and standards. With a commitment to transparency and accuracy, Auditchain Labs AG aims to transform the landscape of financial and crypto-asset disclosure. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) #### About Pacioli.ai [Pacioli.ai](https://pacioli.ai/) is the world’s first web3 and AI enabled regulatory disclosure automation infrastructure for crypto assets. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) --- ## Auditchain Labs Proposes BNP Disclosure Framework to Strengthen NCUA Oversight of Payment Stablecoin Issuers > Auditchain Labs urges BNP disclosure requirements for NCUA payment stablecoin issuers in its GENIUS Act rulemaking. - Web page: https://auditchain.com/auditchain-labs-proposes-bnp-disclosure-for-ncua-oversight-of-stablecoin-issuers/ - Published: 2026-04-14 - Updated: 2026-05-22 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News, Policy - Tags: Crypto, genius act, Regulation, submission - Filing record: [NCUA: GENIUS Act Comment Letter — PPSI Licensing](https://auditchain.com/about/policy/ncua-genius-act-comment-letter-ppsi-licensing-ncua-2025-1335.md), filed 2026-04-13 **pril 14, 2026 – Washington DC.** In its April 2026 comment letter submitted to the National Credit Union Administration (NCUA) under [Docket ID NCUA-2025-1335-0034](https://www.regulations.gov/comment/NCUA-2025-1335-0034), Auditchain Labs AG urges the agency to integrate comprehensive Blockchain Network Participation (BNP) disclosures into its rulemaking on investments in and licensing of permitted payment stablecoin issuers. Aligned with similar submissions to the [FDIC](https://auditchain.com/auditchain-labs-urges-proof-of-work-and-proof-of-stake-activity-disclosures-for-stablecoin-applications/) and [SEC](https://auditchain.com/auditchain-labs-submits-comment-to-sec-on-regulation-s-k-reform-digital-asset-disclosure/), the proposal leverages structured, machine-readable data standards to address critical gaps in regulatory visibility of a new category of material information. By requiring detailed reporting on on-chain activities, the framework aims to enhance safety and soundness assessments, mitigate conflicts of interest, detect systemic risks, and enable scalable, technology-native supervision — all while minimizing compliance burdens for credit unions and their subsidiaries. #### Understanding Blockchain Network Participation (BNP) Risks Blockchain Network Participation (BNP) encompasses a range of activities that stablecoin issuers and their affiliates may undertake on shared public blockchain networks. These include Proof-of-Work (PoW) mining, Proof-of-Stake (PoS) validation and staking, and third party Blockchain-as-a-Service (BaaS) operations. Because many payment stablecoins will run on the same decentralized infrastructure used by hundreds of millions of users globally, these activities create unique risks not easily captured by traditional regulatory disclosure. Potential issues include hidden leverage through staking or mining positions, transaction ordering conflicts such as Maximum Extractable Value (MEV) attacks, affiliate self-dealing, and complex interdependencies across networks that could affect an issuer’s financial condition, liquidity, or redemption obligations even though their reserves may adequate. Auditchain’s proposal positions BNP as a core component of the application and licensing process under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), allowing regulators to evaluate “related activities” of applicants and affiliates in a holistic manner. #### XBRL Taxonomy Enables Machine-Readable, Automated Supervision Central to the recommendation is a robust initial disclosure questionnaire containing 148 targeted questions organized into seven key categories: 1. Protocol and network identification, including specific blockchains and consensus mechanisms 2. Direct BNP activities conducted by the credit union or its subsidiary 3. Affiliate participation details 4. Concentration risk analysis across networks and assets 5. Systemic risk exposure, including vulnerabilities at the network level 6. Operational controls, policies, and governance frameworks 7. Relationships with third-party providers This granular approach captures both initial application data and ongoing supervisory metrics, shifting from static, periodic snapshots to continuous, verifiable oversight. To operationalize these disclosures, Auditchain proposes an XBRL-based taxonomy with 125 standardized elements, featuring type extensions to support multi-entity and multi-blockchain reporting that includes the issuer and its affiliates. The proposed submissions would occur in structured, machine-readable format. This enables automated collection, validation, and analysis across all banking regulators. The framework supports “equal-input/equal-output” verification, where algorithms can cross-reference reported figures against publicly available on-chain data to identify inconsistencies or attempts to obscure revenues from mining, validation, or staking. Event-driven disclosures would ensure timely reporting of material changes, such as shifts in staking allocations, new affiliate relationships, or alterations in network participation. By using open data standards, the system promotes interoperability with existing regulatory taxonomies and facilitates interagency coordination. #### Key Benefits for NCUA Regulatory Oversight The BNP disclosure framework delivers significant advantages for regulatory oversight. First, it strengthens safety and soundness reviews by revealing how network participation impacts an issuer’s overall risk profile, liquidity position, and operational resilience — including exposure to blockchain-specific threats such as consensus failures or 51% attacks. Second, it dramatically improves detection of conflicts of interest through mandatory arm’s-length pricing analyses and clear transaction ordering policies, preventing scenarios where an affiliate’s mining or validation activities could prioritize its own interests over those of stablecoin holders, other credit unions and the generate public. Third, it enables scalable systemic risk monitoring, allowing pattern recognition across multiple filings to spot industry-wide concentrations or correlated exposures that could threaten broader financial stability. Overall, open standards reduce burdens on credit unions by providing standardized templates while equipping NCUA staff with AI-assisted tools for faster, more accurate reviews. #### **First Phase of GENIUS Act Implementation** by NCUA This proposed rulemaking represents the first phase of the NCUA’s implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). It focuses on the application, licensing, and approval process for credit unions and their subsidiaries to become permitted payment stablecoin issuers, along with limits on credit union investments in such issuers. A forthcoming second phase will propose regulations to implement the substantive standards and restrictions imposed by the GENIUS Act on these issuers, including reserve requirements, capital, liquidity, risk management, and operational protocols. #### Advancing Transparent and Scalable Stablecoin Regulation Auditchain Labs’ U.S. policy approach presents a forward-looking blueprint for modern regulatory oversight in the digital asset era. By embedding provable BNP disclosures into the stablecoin licensing process, the NCUA can harness blockchain’s inherent transparency tools to better safeguard credit union members, maintain financial stability, and accelerate responsible innovation. In an environment where public blockchains already underpin trillions in economic value, regulators cannot afford blind spots in shared infrastructure. Adopting these structured, verifiable requirements would position the United States as a global leader in technology-native, effective regulation of payment stablecoins. #### About Auditchain Labs AG [Auditchain Labs AG](https://auditchain.com/) is a pioneering force in developing web3 and artificial intelligence-based financial reporting, crypto-asset disclosure, and analysis applications and standards. With a commitment to transparency and accuracy, Auditchain Labs AG aims to transform the landscape of financial and crypto-asset disclosure. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) #### About Pacioli.ai [Pacioli.ai](https://pacioli.ai/) is the world’s first web3 and AI enabled regulatory disclosure automation infrastructure for crypto assets. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) --- ## Auditchain Labs Submits Comment to SEC on Regulation S-K Reform, Proposes Structured Data Modernization and Digital Asset Disclosure Framework > Auditchain Labs AG submitted a comment to the SEC on Regulation S-K reform, proposing structured data modernization and a digital asset disclosure framework using XBRL standards. - Web page: https://auditchain.com/auditchain-labs-submits-comment-to-sec-on-regulation-s-k-reform-digital-asset-disclosure/ - Published: 2026-02-20 - Updated: 2026-05-22 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News, Policy - Tags: Digital Assets, SEC, submission, Xbrl - Filing record: [SEC: Comment on Regulation S-K Modernization](https://auditchain.com/about/policy/sec-comment-regulation-s-k-modernization-file-cll-15.md), filed 2026-02-20 **New York, New York – February 20, 2026** – Auditchain Labs AG, a provider of AI regulatory disclosure automation infrastructure, today announced the filing of a comment letter with the U.S. Securities and Exchange Commission (SEC) in response to Chairman Paul S. Atkins’ [Statement on Reforming Regulation S-K](https://www.sec.gov/newsroom/speeches-statements/atkins-statement-reforming-regulation-s-k-011326), which invites public comment on modernizing the Commission’s central disclosure requirements for public companies. The submission is available on the SEC’s website under [File Number CLL-15](https://www.sec.gov/comments/cll-15/cll15-707227-2226014.pdf). This is the third in a series of federal regulatory submissions filed in February by Auditchain. The following are comment letters filed with FDIC and OCC - [FDIC](https://www.fdic.gov/federal-register-publications/auditchain-labs-ag-jason-meyers-rin-3064-ag20.pdf) (RIN 3064-AG20, February 9) on payment stablecoin application requirements. - OCC (Docket ID OCC-2025-0768, February 11) on national bank chartering amendments for digital asset custody operations. Together, the three submissions present a coordinated framework for structured digital asset disclosure across the major U.S. financial regulatory agencies. ### Addressing the “Avalanche” Problem with Structured Data Chairman Atkins identified that Regulation S-K— the SEC’s central repository of non-financial disclosure requirements since 1982— has grown to elicit “both material and a plethora of indisputably immaterial information.” The comment letter argues that the materiality problem is not solely about *what* is disclosed, but *how*. While financial statements under Regulation S-X have been filed in machine-readable XBRL format since 2009, non-financial disclosures under Regulation S-K remain largely unstructured text in EDGAR filings— making it impossible for investors to efficiently filter, compare, or analyze information at scale. Key recommendations in the submission include: - **Extending Inline XBRL requirements** from Regulation S-X financial statements to key S-K items, including Item 101 (Description of Business), Item 105 (Risk Factors), Item 106 (Cybersecurity), Item 303 (MD&A), and Item 601 (Exhibits). - **Adopting new blockchain infrastructure disclosure requirements** for registrants whose operations are materially dependent on public blockchain networks— addressing protocol dependencies, smart contract risks, blockchain network participation by the issuer and affiliates, and concentration risk. - **Ensuring interagency consistency** by coordinating SEC taxonomy development with the FDIC and OCC frameworks that Auditchain has proposed, so that entities subject to multiple federal regulators can satisfy disclosure obligations without duplicative, conflicting reporting. ### Building the Disclosure Framework for the CLARITY Act The submission emphasizes that the [GENIUS Act](https://www.congress.gov/bill/119th-congress/senate-bill/394), signed into law on July 18, 2025, and the pending [CLARITY Act](https://www.congress.gov/bill/119th-congress/house-bill/3633) (H.R. 3633), which passed the House with bipartisan support, will create new classes of SEC-registered entities— including issuers of investment contract assets and dual-registered digital commodity exchanges— whose material risks and operational characteristics have no adequate home in the current Regulation S-K framework. The letter proposes four categories of blockchain infrastructure disclosure drawn from the 136-question disclosure questionnaire and 107-element XBRL taxonomy that Auditchain submitted to the FDIC: - **Blockchain Protocol and Smart Contract Disclosures** – protocols utilized, consensus mechanisms, smart contract audit history, and operational continuity plans. - **Blockchain Network Participation by Issuer** – validation, mining, and governance activities including network share metrics and financial performance. - **Affiliate Network Participation and Conflicts of Interest** – identification of affiliate BNP activities, arm’s length pricing analysis, and transaction ordering conflicts. - **Concentration Risk and Systemic Exposure** – aggregated network concentration across the issuer and all affiliates, procyclical risks, and cascading liquidation risks. ### Interagency Coordination The comment letter recommends that the SEC establish or participate in an interagency working group— potentially under the FFIEC Task Force on Reports— to coordinate digital asset disclosure taxonomy development across the SEC, FDIC, OCC, CFTC, and Federal Reserve Board. This builds on a similar recommendation Auditchain made to the OCC in its February 11 submission. “Regulation S-K reform is the natural place to build the disclosure architecture for the next generation of SEC registrants,” said Jason Meyers, Lead Architect of Auditchain Labs AG. “By combining a principles-based materiality standard with structured data requirements and purpose-built digital asset disclosure categories, the Commission can reduce compliance burdens while improving the quality and accessibility of information available to investors. The sample XBRL taxonomy infrastructure we’ve developed across our FDIC, OCC, and SEC submissions demonstrates that interagency consistency is technically achievable today.” The SEC’s comment period for Regulation S-K reform is open until April 13, 2026. Comments may be submitted through the SEC’s [public comment portal](https://www.sec.gov/comments/cll-15/regulation-s-k#no-back) referencing File Number CLL-15. --- ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) **About Auditchain Labs AG** [Auditchain Labs AG](https://auditchain.com/) is a pioneering force in developing web3 and artificial intelligence-based financial reporting, crypto-asset disclosure, and analysis applications and standards. With a commitment to transparency and accuracy, Auditchain Labs AG aims to revolutionize the landscape of financial and crypto-asset disclosure. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ![Pacioli.ai logo](https://auditchain.com/wp-content/uploads/2025/08/image-1.png) **About Pacioli.ai** [Pacioli.ai](https://pacioli.ai/) is the world’s first web3 and AI enabled regulatory disclosure automation infrastructure for crypto assets. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) --- ## Auditchain Labs Submits Comment Letter to FDIC Urging Structured Proof of Work and Proof of Stake Activity Disclosures for Stablecoin Applications > Auditchain Labs AG submitted a comment letter to the FDIC urging structured XBRL-based proof of work and proof of stake activity disclosures for stablecoin applications. - Web page: https://auditchain.com/auditchain-labs-urges-proof-of-work-and-proof-of-stake-activity-disclosures-for-stablecoin-applications/ - Published: 2026-02-09 - Updated: 2026-05-22 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News, Policy - Tags: submission - Filing record: [FDIC: Original Comment Letter — Application Requirements](https://auditchain.com/about/policy/fdic-comment-letter-application-requirements-rin-3064-ag20.md), filed 2026-02-09 **New York, New York – February 9, 2026** – Auditchain Labs AG, a provider of AI regulatory disclosure automation infrastructure today submitted a detailed comment letter to the Federal Deposit Insurance Corporation (FDIC) in response to the agency’s [Notice of Proposed Rulemaking](https://www.govinfo.gov/content/pkg/FR-2025-12-19/pdf/2025-23510.pdf) on approval requirements for the issuance of payment stablecoins by subsidiaries of FDIC-supervised institutions. The submission is available under [Regulatory Information Number (RIN) 3064-AG20](https://www.fdic.gov/federal-register-publications/auditchain-labs-ag-jason-meyers-rin-3064-ag20.pdf), and focuses on strengthening the application process by incorporating comprehensive disclosures related to blockchain network participation (BNP) activities in a provable manner using open data standards. The comment letter urges the FDIC to treat BNP— such as mining (Proof of Work), validation (Proof of Stake), and Blockchain-as-a-Service— as a core element of the application. It aligns these disclosures with the FDIC’s existing expectations for describing “related activities of the applicant,” which include operations at the applicant, subsidiary, and third-party levels. The submission emphasizes that detailed information on BNP would enable more effective assessments of safety and soundness, particularly given the shared public infrastructure of blockchains and associated risks like external attacks, transaction dependencies on unknown third parties, and potential conflicts. Key recommendations include: - Requiring applicants to provide initial and ongoing disclosures on BNP in a machine-readable, structured XBRL format to facilitate automated analysis and reduce regulatory burden. - Adding specific requirements for detailed policies and procedures governing BNP, including governance, risk management (e.g., mitigation of maximum extractable value or MEV risks through tools like Proposer-Builder Separation and private mempools), operational resilience, and compliance. - Mandating interim event-driven disclosures for BNP changes, such as shifts in hash rate, staked value, or third-party relationships. The letter includes three exhibits: a comprehensive Blockchain Network Participation Disclosure Questionnaire (Exhibit A), a draft sample taxonomy for disclosures (Exhibit B), and type extensions specifications (Exhibit C), to support standardized reporting. The submission directly addresses a practical gap in the proposed rule by advocating for explicit integration of BNP details into the “Contents of Filing” and requirements for ongoing disclosure. By tying BNP to the FDIC’s framework for “related activities” and “proposed incidental activities” (such as MEV mitigation tools that support fair transaction ordering and network stability), the comment aims to balance safety and soundness and public trust. The push for XBRL-based reporting could streamline supervisory reviews, promote consistency across applicants, and better equip the FDIC to evaluate risks inherent to public blockchains without imposing excessive burdens. If incorporated, these changes would support a more transparent and efficient approval process for bank-issued stablecoins, aligning with the GENIUS Act’s goals of fostering innovation under strong oversight. Read more about Auditchain’s [regulatory engagement](https://auditchain.com/regulatory-engagement/) on digital asset disclosure. The extended comment period (now through May 18, 2026) provides additional opportunity for stakeholder input on these and related proposals. **About Auditchain Labs AG** [Auditchain Labs AG](https://auditchain.com/) is a pioneering force in developing web3 and artificial intelligence-based financial reporting, crypto-asset disclosure, and analysis applications and standards. With a commitment to transparency and accuracy, Auditchain Labs AG aims to revolutionize the landscape of financial and crypto-asset disclosure. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ![Pacioli.ai logo](https://auditchain.com/wp-content/uploads/2025/08/image-1.png) **About Pacioli.ai** [Pacioli.ai](https://pacioli.ai/) is the world’s first web3 and AI enabled regulatory disclosure automation infrastructure for crypto assets. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) --- ## Auditchain Labs AG Joins XBRL US – Initiates Digital Asset Working Group for Disclosure > Auditchain Labs AG joined XBRL US and initiated the Digital Asset Working Group, advancing XBRL disclosure standards for crypto assets under the GENIUS Act and CLARITY Act. - Web page: https://auditchain.com/auditchain-joins-xbrl-us/ - Published: 2026-01-18 - Updated: 2026-05-13 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News, Partnerships - Tags: AI, Bitcoin, Crypto, Cryptocurrency, Regulation **New York, New York — January 13, 2026** — [Auditchain Labs AG](https://auditchain.com/), a global leader in disclosure automation infrastructure and assurance components for crypto asset issuers, service providers, regulators, and investors, today announced its membership in [XBRL US](https://xbrl.us/) within its Software and Services community. As a new member since December 2025, Auditchain is committed to advancing structured data standards as well as automating and enhancing transparency in financial reporting, particularly in the rapidly evolving digital asset sector. Auditchain’s flagship platform, [Pacioli.ai](http://pacioli.ai/), is a comprehensive regulatory disclosure automation infrastructure. It enables collaborative taxonomy model creation and integration, disclosure compliance automation, internal and external validation of compliance and comparative analytics. The platform also supports online collaboration, automated tagging, and API connectivity, making it an essential tool for ensuring accurate and efficient reporting. In addition, Auditchain’s specialized platform [https://mica.pacioli.ai](https://mica.pacioli.ai/) stands as the premier collaborative crypto-asset disclosure automation solution, designed specifically for iXBRL white papers under the Markets in Crypto Assets Regulation, (“MiCA”) in the European Union. “Auditchain’s membership of XBRL US marks a significant step forward in bridging traditional financial reporting with the demands of the crypto economy,” said Jason Meyers, Lead Architect at Auditchain Labs AG. “We are excited to support the community’s goals.” ### Digital Asset Working Group As part of its role, Auditchain has initiated the formation of the [XBRL US Digital Asset Working Group](https://xbrl.us/xbrl-reference/digital-asset-wg/) aimed at developing and implementing the XBRL disclosure standards and infrastructure for digital asset reporting under the GENIUS and pending CLARITY Acts. This initiative will foster collaboration among industry stakeholders and regulators to address emerging challenges in digital asset transparency and regulatory compliance. Learn more about [Auditchain’s regulatory engagement](https://auditchain.com/regulatory-engagement/) with global standards bodies and policymakers. Furthermore, Auditchain will support the finalization and implementation of the Open Information Model (OIM), XBRL’s syntax-independent model for representing regulatory disclosure modeling and disclosure data. By endorsing OIM, Auditchain aims to facilitate and enhance seamless transformation of XBRL data into various formats, enhancing interoperability and accessibility for global users. “We welcome Auditchain’s unique expertise and leadership in the digital asset space, a rapidly growing segment of the US capital markets”; stated Campbell Pryde, Chairman and CEO of XBRL US. Auditchain’s membership reinforces its dedication to innovation in regulatory disclosure automation, with a focus on empowering digital asset ecosystems through robust, automated disclosure solutions. ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) **About Auditchain Labs AG** [Auditchain Labs AG](https://auditchain.com/) is a pioneering force in developing web3 and artificial intelligence-based financial reporting, crypto-asset disclosure, and analysis applications and standards. With a commitment to transparency and accuracy, Auditchain Labs AG aims to revolutionize the landscape of financial and crypto-asset disclosure. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ![Pacioli.ai logo](https://auditchain.com/wp-content/uploads/2025/08/image-1.png) **About Pacioli.ai** [Pacioli.ai](https://pacioli.ai/) is the world’s first web3 and AI enabled regulatory disclosure automation infrastructure for crypto assets. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) ![XBRL US logo](https://auditchain.com/wp-content/uploads/2026/01/image.png) **About XBRL US** [XBRL US](https://xbrl.us/) is a not-for-profit organization supporting the implementation of crypto reporting standards for business and government through the development of taxonomies for use by U.S. public and private sectors, with a goal of interoperability between sectors, and by promoting XBRL adoption through marketplace collaboration. --- ## Instances of ESMA-Coordinated Enforcement Actions for Inconsistent XBRL Tagging > ESMA enforcement under MiCAR will be coordinated with NCAs for white paper non-compliance. MiCAR ITS compliance and consistency is key. - Web page: https://auditchain.com/esma-enforcement/ - Published: 2025-12-11 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: Articles - Tags: Bitcoin, Cryptocurrency, Mica, Regulation, Web3 ***MiCAR is a new opportunity for ESMA enforcement with granular revenue generation using inconsistent XBRL for NCAs, ESMA and the EU Commission.*** In the coordinated supervision of the Markets in Crypto Asset Regulation, (MiCAR) for crypto asset white paper disclosures, ESMA enforcement operates within a clear hierarchy to ensure compliance with XBRL tagging requirements. The European Securities and Markets Authority (ESMA) serves as the central advisory and coordination body — providing guidance, harmonizing practices, and overseeing convergence across member states. National Competent Authorities (NCAs) function as regional enforcers, executing day-to-day supervision, issuing sanctions, and handling local enforcement actions under ESMA’s strategic direction. Ultimately, the European Commission establishes the overarching regulatory framework and delegates authority, maintaining high-level oversight of market integrity who also get a share of the fines from enforcement actions. This structured approach ensures consistent application of MiCAR ITS rules, with penalties for tagging inconsistencies that reinforcing compliance. It’s also a revenue generating opportunity for the three layer regime. ![MiCA taxonomy elements for the European Commission, ESMA and national competent authorities, with the XBRL and Pacioli.ai logos](https://auditchain.com/wp-content/uploads/2025/12/blog52a-1024x576.webp) Below is a summary of three key enforcement instances from 2022–2024, illustrating how this hierarchy operates in practice. ### 2022 **Issue:** Inconsistent Duplicate Numeric Facts in Primary Financial Statements **Details:** 252 actions across EU for duplicates (e.g., same revenue tagged with differing units/periods), violating ESEF RTS Annex II; affected 10% of 2,423 examined filings. **Parties Involved:** Anonymized large-cap financial issuers; auditors for validation failures. **Action Taken:** AMF (France) issued €150,000 fine for repeated non-compliance post-warnings; refilings required in multiple states. **Link to Regulatory Action:** [ESMA 2022 Enforcement Report](https://www.esma.europa.eu/sites/default/files/2023-03/ESMA32-63-1385_2022_Corporate_Reporting_Enforcement_and_Regulatory_Activities_Report.pdf) ### 2023 **Issue:** Calculation Inconsistencies in XBRL Tags for Notes Disclosures **Details:** 198 cases of roll-up mismatches (e.g., subtotals in notes not aligning with statements), breaching ESEF Manual Guidance 2.3 post-block tagging rollout. **Parties Involved:** Anonymized industrial issuers; Big Four auditors for inadequate checks. **Action Taken:** CONSOB (Italy) imposed €200,000 fine, private auditor reprimand, and refiling mandate; ESMA convergence efforts followed. **Link to Regulatory Action:** [ESMA 2023 Enforcement Report](https://www.esma.europa.eu/sites/default/files/2024-03/ESMA32-193237008-8269_2023_Corporate_reporting_enforcement_and_regulatory_activities_report.pdf) ### 2024 **Issue:** Incorrect Sign Tagging in Monetary Disclosures **Details:** 95 cases of sign errors (e.g., positive liabilities tagged negative in cash flows), impacting precision and comparability per ESEF RTS. **Parties Involved:** Anonymized telecom/energy issuers in Spain/Netherlands; auditors for detection lapses. **Action Taken:** CNMV (Spain) levied €100,000 fine for material errors; auditor review and formula validations enforced across 12 states. **Link to Regulatory Action:** [ESMA 2024 Enforcement Report](https://www.esma.europa.eu/sites/default/files/2025-04/ESMA32-193237008-8791_Report_on_2024_Corporate_reporting_enforcement_and_regulatory_activities.pdf) These enforcement actions highlight the role of penalties in maintaining high standards of regulatory disclosure, with fines reinforcing compliance across the EU. CASPs and issuers of crypto assets are encouraged to leverage validation tools to avoid such outcomes. [Pacioli.ai](https://mica.pacioli.ai/) is a MiCAR disclosure automation platform. It provides users with a simple form to fill out based on the crypto asset type, a validation icon that provides proof of compliance and a print icon to create and file beautiful iXBRL crypto asset white papers without the elevated risk and the need for expensive structured data experts. [**CREATE iXBRL WHITE PAPER NOW!**](https://mica.pacioli.ai/) ![Pacioli.ai logo](https://auditchain.com/wp-content/uploads/2025/08/image-1.png) **About Pacioli.ai** [Pacioli.ai](https://pacioli.ai/) is a disclosure automation infrastructure that enables crypto-asset issuers and service providers to collaborate, create, validate and file machine readable white papers as well as financial and sustainability disclosure documents pursuant to MiCAR and other emerging crypto-asset regulatory requirements and technical specifications. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) **About Auditchain Labs AG** [Auditchain Labs AG](https://auditchain.finance/) is a pioneering force in developing web3 and artificial intelligence-based financial reporting, crypto-asset disclosure, and analysis applications and standards. With a commitment to transparency and accuracy, Auditchain Labs AG aims to revolutionize the landscape of financial and crypto-asset disclosure. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) --- ## ESMA Issues Stark Warning About MiCAR > ESMA warning disclaims liability from the use of its templates if your iXBRL white paper contains inconsistencies with the MiCAR ITS. - Web page: https://auditchain.com/esma-warning-against-use-of-templates/ - Published: 2025-12-08 - Updated: 2026-05-13 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: Articles, News - Tags: Cryptocurrency, Micar, Regulation, Regulatory Compliance, Web3 ***MiCAR white papers in iXBRL format are due on 23 December. But ESMA warning disclaims liability if your iXBRL white paper contains inconsistencies with the MiCAR ITS.*** In the rapidly evolving landscape of crypto-asset regulation, the European Securities and Markets Authority (ESMA) has issued critical guidance to support the implementation of the Markets in Crypto-Assets Regulation (MiCAR). Effective from December 23, 2025, MiCAR mandates that issuers, offerors, and crypto-asset service providers (CASPs) publish white papers in [Inline XBRL (iXBRL) format](https://docs.pacioli.ai/what-is-ixbrl), ensuring machine-readable disclosures for oversight, transparency and investor protection. This includes detailed classifications of crypto-assets, risk factors, and operational details, all formatted per the XBRL taxonomy released on August 5, 2025. Non-compliance isn’t just a paperwork oversight — it’s a gateway to severe penalties, **including fines up to 12.5% of annual turnover or €5 million for individuals**, as outlined in MiCAR’s enforcement provisions. With ESMA poised to ramp up supervisory actions, the stakes for accurate, validated disclosures have never been higher. At the heart of [ESMA’s recent statement](https://www.esma.europa.eu/sites/default/files/2025-11/ESMA75-1303207761-6284_Statement_to_support_the_smooth_implementation_of_MiCA_standards_and_format.pdf) lies a stark warning that underscores the perils of cutting corners. To illustrate iXBRL white paper generation, ESMA provides a voluntary Excel-based example on its website. However, the accompanying ESMA warning and disclaimer is chilling: ***“Its use is voluntary and ESMA will not accept any liability concerning its use or its outputs, which need validation and remain under the full responsibility of the issuer/CASP.”*** This isn’t mere boilerplate — it’s a deliberate signal from the regulator itself. The ESMA warning explicitly distances itself from any errors, omissions, or inaccuracies in the tool’s outputs, placing the full burden of validation squarely on market participants. Relying on a sample tool provided by a regulator risks producing flawed filings that fail to meet the rigorous standards of [Commission Implementing Regulation (EU) 2024/2984, (MiCAR ITS)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ%3AL_202402984). Outputs could misalign with the white paper ITS Annex, leading to untraceable tagging errors in XHTML or incomplete machine-readable fields for asset classification under Delegated Regulation (EU) 2025/421. This ESMA warning exposes a fundamental flaw in ad-hoc approaches to MiCAR compliance: sample tools from regulators are just that — samples, not certified solutions. Without robust validation mechanisms, issuers and CASPs could inadvertently submit non-compliant white papers, inviting ESMA scrutiny. And scrutiny breeds expensive enforcement. MiCAR empowers national competent authorities (NCAs), coordinated by ESMA, to investigate breaches with powers akin to those under MiFID II. Fines aren’t hypothetical; they’re a revenue stream for regulators strained by emerging tech oversight and EU Commission budgets. Historical precedents from ESMA’s sustainable finance disclosures show fines totaling over €100 million in recent years for similar tagging failures. Under MiCAR, this creates a lucrative enforcement opportunity: each validated violation funds further regulatory expansion, turning compliance lapses into a predictable income source. Why gamble when the house — ESMA — always wins? Enter [Pacioli.ai](https://mica.pacioli.ai/) — MiCAR Disclosure Automation, the enterprise-grade platform designed to transform these risks into seamless compliance. Built by the team who invented and implemented the first public facing XBRL disclosure framework in 2009 at SEC. Pacioli.ai automates the entire white paper lifecycle, from data ingestion to iXBRL generation and validation without the need for experts. Pacioli.ai is the expert so you don’t have to be. ![Pacioli.ai MiCAR Disclosure Automation start screen, with options for e-money tokens, asset-referenced tokens and other crypto-assets](https://auditchain.com/wp-content/uploads/2025/12/blog51-1024x698.webp) [**CLICK HERE TO VIEW DEMO VIDEO.**](https://www.youtube.com/watch?v=ejh0VH69cjs) Unlike ESMA’s unsupported Excel template, our solution is fully auditable, integrating directly with Legal Entity Identifiers (LEIs) and Digital Token Identifiers (DTIs) from the DTIF registry. Upload your draft white paper, and our AI-driven engine formats disclosures with precision — ensuring every data type, risk factor, reserve policy, and custody arrangement aligns with the ITS Annex. Real-time validation flags discrepancies against the XBRL taxonomy, generating audit-ready reports that shield you from liability. What sets Pacioli.ai apart? Our cloud-based interface supports collaborative workflows, with role-based access for legal, compliance, and tech teams. And unlike one-off consultants, we offer ongoing support: quarterly taxonomy updates, and 24/7 helpdesk to keep you ahead of evolving standards. The MiCA era demands more than samples — it requires certainty. ESMA’s disclaimer isn’t just a disclaimer; it’s a call to action for sound, supported systems. By choosing Pacioli.ai, you’re not just automating disclosures; you’re fortifying your operations against fines that could cripple growth. As 23 December 2025 approaches, don’t let voluntary tools expose you to involuntary penalties. Secure your MiCA future with Pacioli.ai — schedule a demo today at [https://mica.pacioli.ai](https://mica.pacioli.ai/) and turn regulatory hurdles into competitive advantages. ![Pacioli.ai logo](https://auditchain.com/wp-content/uploads/2025/08/image-1.png) **About Pacioli.ai** [Pacioli.ai](https://pacioli.ai/) is a disclosure automation infrastructure that enables crypto-asset issuers and service providers to collaborate, create and validate machine readable white papers as well as financial and sustainability disclosure documents pursuant to MiCAR and other emerging crypto-asset regulatory requirements and technical specifications. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) **About Auditchain Labs AG** [Auditchain Labs AG](https://auditchain.com) is a pioneering force in developing web3 and artificial intelligence-based financial reporting, crypto-asset disclosure, and analysis applications and standards. With a commitment to transparency and accuracy, Auditchain Labs AG aims to revolutionize the landscape of financial and crypto-asset disclosure. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) --- ## Auditchain Labs Integrates CH Taxonomy 2025 into LucaSuite™ > Auditchain Labs AG integrates Swiss XBRL Taxonomy 2025 (Version 1.0) into its flagship platform, LucaSuite™. - Web page: https://auditchain.com/auditchain-labs-integrates-swiss-xbrl-taxonomy-into-pacioli-ai/ - Published: 2025-11-17 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: Product - Tags: AI, Bitcoin, Blockchain, Switzerland, Taxes ### The Swiss XBRL taxonomy ushers in a new era of tax reporting in Switzerland. **Zug, Switzerland — 17 November, 2025** — In a landmark advancement for digital tax declarations in Switzerland, Auditchain Labs AG announced the full integration of the newly released Swiss XBRL Taxonomy 2025 (Version 1.0) into its flagship platform, LucaSuite™. This integration empowers Swiss businesses, associations, and foundations to effortlessly meet their tax reporting obligations, ushering in an era of machine-readable automated, error-free submissions to tax authorities. As Switzerland accelerates its digital transformation, the Swiss XBRL Taxonomy 2025 — [developed in collaboration with XBRL Switzerland](https://auditchain.com/xbrl-switzerland-and-auditchain-labs-ag-announce-release-of-next-generation-swis/) — stands as a cornerstone for standardized electronic tax reporting. Rooted in the Swiss Code of Obligations, this comprehensive XBRL framework expands beyond traditional capital companies (such as AG and GmbH) to include cooperatives, associations (Vereine), and foundations (Stiftungen). It ensures secure data exchange enabling streamlined tax declarations and annual financial statements with unprecedented efficiency. “Integrating the Swiss XBRL Taxonomy 2025 into LucaSuite™ is a natural evolution of our commitment to Swiss innovation,” said Jason Meyers, Lead Architect of Auditchain Labs. “Prospective clients can now leverage LucaSuite™ to automate complex tax reporting workflows, reduce compliance risks, and unlock real-time insights — all while adhering to the latest regulatory standards. This isn’t just about compliance; it’s about transforming financial operations into a strategic advantage.” ### Why This Integration Matters for Your Organization LucaSuite™, Auditchain Labs’ intelligent financial reporting platform, is designed for the modern enterprise. It allows users to assemble reusable financial models that automate disclosure processes from data ingestion to submission. With the CH Taxonomy 2025 now embedded, key benefits include: - **Broadened Coverage and Simplicity**: Seamlessly handle reporting for diverse entities under OR, including non-profits, without manual reconfiguration. The taxonomy’s expansions mean one platform fits all your Swiss reporting needs. - **Automated eCH-0276 Compliance**: Generate XBRL instances directly within LucaSuite™, ensuring plug-and-play integration with tax authority portals. - **Enhanced Accuracy and Auditability**: Leverage LucaSuite™ validation engines to detect discrepancies in real-time, minimizing errors and audit trails that support regulatory scrutiny. - **Scalability for Growth**: Whether you’re a startup cooperative or an established foundation, scale your reporting as your organization evolves — all while integrating with other frameworks and global standards like IFRS, EFRAG or MiCAR for multinational operations. This integration builds on Auditchain Labs’ recent implementations for [MiCAR white paper disclosures](https://www.omg.org/insights/how-sbrm-enables-digital-asset-white-paper-compliance-under-the-eu-mica-regulations/) and EFRAG sustainability reporting. As a leader in XBRL innovation, Auditchain [collaborated](https://auditchain.com/xbrl-switzerland-and-auditchain-labs-ag-announce-release-of-next-generation-swis/) closely with XBRL Switzerland on the taxonomy’s development and consultation period, ensuring LucaSuite™ users benefit from cutting-edge, battle-tested infrastructure. ### Join the Digital Swiss Financial Reporting Revolution Auditchain Labs invites prospective customers to experience the power of the CH Taxonomy 2025 in LucaSuite™ firsthand. [Schedule a demo](https://calendar.app.google/Pm84P3PLLu1yXb1e6) today to discover how this integration can streamline your compliance journey and automate tax declarations. For more information, visit [auditchain.com](https://auditchain.com/) or contact our team at [products@auditchain.com.](mailto:products@auditchain.com) --- ## SEC No Action Letter Signals Green Light for Innovation > SEC Commissioner Hester M. Peirce issued a statement on September 29, 2025 that accompanied a SEC no action letter granted to DoubleZero. - Web page: https://auditchain.com/sec-no-action-letter-signals-green-light-for-innovation/ - Published: 2025-10-01 - Updated: 2026-05-13 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: Articles, Policy - Tags: Depin, No Action, Regulation, SEC ### SEC no action letter clears the way for DePIN (decentralized physical infrastructure networks) projects. In a significant development for the blockchain and decentralized technology sectors, U.S. Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce [issued a statement](https://www.sec.gov/newsroom/speeches-statements/peirce-092925-deep-statement-doublezero-no-action-letter) on September 29, 2025, accompanying a SEC no action letter granted to DoubleZero. The SEC no action letter addresses token distributions in decentralized physical infrastructure networks (DePIN), providing much-needed regulatory clarity that could pave the way for broader adoption and innovation in the space. DePIN represents a groundbreaking approach to organizing resources and human efforts outside traditional corporate structures. As outlined in Peirce’s remarks, these networks enable participants to provide and consume services such as data storage, telecommunications bandwidth, mapping services, or even regulatory disclosure verification through open, peer-to-peer systems. Unlike centralized models, DePIN relies on distributed collaboration, where individuals or entities run nodes or provide services in exchange for tokens. These tokens serve as functional incentives to bootstrap and maintain the network, rewarding actual participation rather than functioning as speculative investments. The core of the SEC no action stems from the application-or rather, the non-application-of the Howey Test, the longstanding framework used to determine whether an asset qualifies as a security. Peirce emphasizes that DePIN tokens do not meet the criteria of an “investment contract” under Howey, as they are not promises of profits derived from the managerial efforts of others. Instead, they are programmatically distributed as compensation for services rendered, such as operating a node or sharing bandwidth. This distinction is crucial: DePIN projects are not engaging in traditional fundraising by selling tokens to passive investors expecting returns. By clarifying that these tokens fall outside securities regulations, the no-action letter alleviates concerns that could otherwise stifle network growth. This guidance is particularly timely as DePIN projects gain traction in sectors like telecommunications, energy, and data management. For instance, projects might incentivize users to deploy hardware for decentralized wireless networks or contribute to global mapping efforts, all coordinated via blockchain protocols. Peirce warns that forcing such activities into existing securities frameworks would suppress innovation, arguing that the SEC’s mandate is to oversee securities markets, not all economic activity. “Treating such tokens as securities would suppress the growth of networks of distributed providers of services,” she states, highlighting the potential chilling effect of overregulation. The DoubleZero no-action letter exemplifies a proactive regulatory stance, encouraging innovators to focus on building infrastructure rather than navigating legal ambiguities. Peirce calls for the SEC to engage with projects in good faith, listening to how their models operate and applying statutes with precision. This approach could set a precedent for other DePIN initiatives, fostering an environment where blockchain technology realizes its potential in real-world applications without undue regulatory burdens. Peirce’s statement underscores a broader philosophy: markets, not regulators, should determine the viability of emerging technologies. [Pacio](http://pacioli.ai/)[li.ai](https://pacioli.ai/) exemplifies the practical application of DePIN in regulatory disclosures compliance. As a decentralized network, it enables external validation of regulatory disclosures, such as crypto-asset whitepapers under MiCAR and financial statements under USGAAP. [Pacioli.ai](https://docs.pacioli.ai/) also automates the creation of machine-readable regulatory disclosures. Validators operate “ [Pacioli Nodes](https://docs.pacioli.ai/pacioli-ai-agent) “ to review disclosures for accuracy, consistency, and compliance, earning rewards in the process. This fosters transparency, reduces costs, and enhances trust, aligning perfectly with Commissioner Peirce’s vision of innovation without undue regulatory burdens. As DePIN evolves, this clarity may attract more participants and investment, driving the creation of resilient, decentralized infrastructures that benefit society at large. For an industry often plagued by uncertainty, this is a welcome step toward a more innovative future. *Originally published at* [*https://nationalfile.com*](https://nationalfile.com/sec-no-action-letter-signals-green-light-for-innovation/) *on October 1, 2025.* ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) **About Auditchain Labs AG** [Auditchain Labs AG](https://auditchain.finance/) is a pioneering force in developing web3 and artificial intelligence-based financial reporting, crypto-asset disclosure, and analysis applications and standards. With a commitment to transparency and accuracy, Auditchain Labs AG aims to revolutionize the landscape of financial and crypto-asset disclosure. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ![Pacioli.ai logo](https://auditchain.com/wp-content/uploads/2025/08/image-1.png) **About Pacioli.ai** [Pacioli.ai](https://pacioli.ai/) is a decentralized physical infrastructure, (DePIN) that enables crypto-asset issuers and service providers to collaborate, create and externally validate machine readable white papers as well as financial and sustainability disclosure documents pursuant to emerging crypto-asset regulatory requirements and technical specifications. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) --- ## Auditchain Labs AG Integrates MiCA Taxonomy Into Pacioli.ai to Simplify iXBRL White Papers > Auditchain Labs integrates ESMA MiCA White Paper XBRL Taxonomy 2025 into its Pacioli.ai platform for crypto-asset white papers. - Web page: https://auditchain.com/auditchain-labs-ag-integrates-mica-taxonomy-into-pacioli-ai-to-simplify-ixbrl-wh/ - Published: 2025-08-24 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: Product - Tags: Cryptocurrency, Mica, Web3, White Papers, Xbrl ### The integration of the MiCA taxonomy marks a new era for structured disclosure automation. ZUG, Switzerland — August 24, 2025 — Auditchain Labs AG, a leader in web3 regulatory disclosure automation infrastructure and AI-driven decentralized external validation, today announced the integration of the European Securities and Markets Authority’s (ESMA) MiCA White Paper XBRL Taxonomy 2025 into its Pacioli.ai platform. This update helps crypto-asset issuers, offerors, and service providers easily create and submit required white papers under the EU’s Markets in Crypto-Assets (MiCA) Regulation. The ESMA disclosure rules go into effect on December 23, 2025 and require issuers of crypto assets to file and publish iXBRL white papers in accordance with the MiCA implementing technical standards, (ITS). Traditionally, preparing structured disclosure has been complex and time-consuming. Now, with Pacioli.ai, users can generate and validate machine-readable white papers in a simple, automated way without the need for expensive structured data experts. [Pacioli.a](http://pacioli.ai/)i also acts as a decentralized physical infrastructure (DePIN) that allows the crypto community to earn rewards by validating iXBRL white papers to prove that they are compliant with the ESMA ITS. The implementation of ESMA’s MiCA Taxonomy makes it easier for projects to meet EU standards automatically and earn rewards that offset the cost of compliance. This means budget neutral, faster submissions, fewer errors, and more focus on innovation. **Key features include:** - **User-Friendly Tools**: Intuitive dashboards guide users through creating white papers for different crypto types, like asset-referenced tokens or e-money tokens. - **Automatic Checks**: Built-in validation ensures proof of compliance, with over 480 rules to catch mistakes early and to enable external analysis by regulators, analysts and CASPs. - **Modular Design**: Users can focus on specific sections that filter the type of crypto asset. - **Global Standards**: Integrates codes for countries, currencies, and legal entities to keep data and structure compliant and consistent. This integration aligns with ESMA’s goal of transparent crypto markets. Pacioli.ai not only meets regulatory needs but also offers extra features for analysis like featured placement on the [Pacioli Explorer](https://luca.pacioli.ai/explorer) and real-time data insights, helping users spot trends and avoid risks. For issuers of crypto assets in the EU, this means smoother operations in a fast-growing industry. Pacioli.ai is available now for issuers of crypto assets and crypto asset service providers, enabling incentivized compliance across the entire European crypto space. [Contact Us.](mailto:support@pacioli.ai) ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) **About Auditchain Labs AG** [Auditchain Labs AG](https://auditchain.finance/) is a pioneering force in developing web3 and artificial intelligence-based financial reporting, crypto-asset disclosure, and analysis applications and standards. With a commitment to transparency and accuracy, Auditchain Labs AG aims to revolutionize the landscape of financial and crypto-asset disclosure. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ![Pacioli.ai logo](https://auditchain.com/wp-content/uploads/2025/08/image-1.png) **About Pacioli.ai** [Pacioli.ai](https://pacioli.ai/) is a decentralized physical infrastructure, (DePIN) that enables crypto-asset issuers and service providers to collaborate, create and externally validate machine readable white papers as well as financial and sustainability disclosure documents pursuant to emerging crypto-asset regulatory requirements and technical specifications. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) --- ## GovFi: A Decentralized Model for Government Efficiency > GovFi can revolutionize the way governments operate by leveraging decentralized infrastructure to align incentives. - Web page: https://auditchain.com/govfi-a-decentralized-model-for-government-efficiency/ - Published: 2025-03-03 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News - Tags: Artificial Intelligence, Blockchain, Doge, Government, Web3 ### GovFi aligns incentives between government agencies and citizens. Everyone now knows that government spending results in monetary debasement. Inflation is the siren of poor monetary policy. Since the purpose of government is to serve its people, the greatest resource a government has is its people. GovFi fixes this. GovFi can revolutionize the way governments operate by leveraging decentralized infrastructure to align incentives between state and federal agencies and citizens. By rewarding patriots for completing government tasks through crowdsourcing, GovFi offers a new model through web3 and AI agents that reduce bureaucratic inefficiencies and significantly cut government spending which leads to sound monetary policy. Traditional government agencies are supported through taxation and borrowing. As evidenced by the work undertaken by the [Department of Government Efficiency](https://www.doge.gov/), (“DOGE”), these centralized agencies are plagued with inefficiencies, waste, fraud and abuse. The reasons why can be discussed in another series of articles. GovFi addresses these issues by replacing costly centralized taxpayer funded agencies with decentralized networks where citizens complete tasks in exchange for rewards. This model shifts the direction of the flow of value from bloated government structure to its people. It reduces reliance on borrowing and on taxpayer-funded administration and instead creates a results-driven ecosystem where compensation is based on verified contributions. **Reducing Government Spending and Balancing Budgets** GovFi represents the financial transformation of the government. By decentralizing tasks such as data collection and verification, state and federal governments can significantly lower their operational expenses which can lead to lower taxation and borrowing. Instead of allocating billions of dollars annually to maintain government agencies, GovFi distributes these tasks to patriots who are compensated when their contributions are validated. This efficiency-driven model directly contributes to balanced budgets. Instead of increasing taxes and borrowing to fund expanding government agencies, policymakers can leverage GovFi to streamline expenditures. [Auditchain Labs](https://auditchain.com/) develops GovFi platforms like Pacioli.ai which is a decentralized physical infrastructure network “DePIN” that externally validates machine-readable regulatory disclosures and rewards validators who run Pacioli AI Validating Nodes. **Reversing Taxation and Borrowing** One of the most compelling aspects of GovFi is its potential to shift the financial relationship between governments and citizens. Rather than requiring individuals to make tax payments to sustain government services, GovFi allows them to earn income by participating in government functions. As the government becomes more efficient, it earns profits that allow it to stop borrowing and pay down its debt. **Pacioli.ai: Automating Financial Oversight** Key infrastructure in the GovFi ecosystem is [Pacioli.ai](http://pacioli.ai/), an Ethereum based protocol which leverages AI and blockchain technology to automate financial and regulatory reporting oversight and compliance. Also known as [RegFi](https://medium.com/@pacioli.ai/what-is-regfi-03dc8d4f6f07), a subcategory of GovFi, stakeholders earn rewards by providing external validation of financial and regulatory machine-readable disclosures. Pacioli.ai enables agencies covered under the [Financial Data Transparency Act of 2022](https://www.federalregister.gov/documents/2024/08/22/2024-18415/financial-data-transparency-act-joint-data-standards), (“FDTA”) to capture and analyze machine-readable financial and other disclosures made by reporting entities and over 90,000 municipalities now covered under the FDTA. A decentralized physical infrastructure network, (“DePIN”) of Pacioli Node operators are rewarded for providing external validation of the disclosures which raises the integrity and reliability of government oversight and reporting, ensures accuracy in public spending while simultaneously cutting administrative costs. This aligns with the GovFi mission of reducing government inefficiencies and enabling a more cost-effective, results-based financial system. **Partisan Opposition** Those who oppose government efficiency are obviously dependent on its inefficiencies and susceptibility to misappropriation. Platforms like Pacioli.ai enable citizens to take an active role in financial oversight and be compensated through rewards. GovFi fosters greater patriotic duty and civic engagement while reducing the need for conventional taxation and borrowing. Opposition to such efficiencies raises questions about motive. If politicians are willing to send our children to war, why would they be opposed to reducing spending and supporting them to earn income fulfilling patriotic duties at home. --- ## Financial Data Transparency Act (FDTA) — Call for Proposed Amendments > The FDTA was enacted to modernize and standardize financial reporting across various regulatory agencies in the United States. - Web page: https://auditchain.com/call-for-proposed-amendments-to-fdta/ - Published: 2025-02-12 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: Articles - Tags: Artificial Intelligence, Doge, Elon Musk, Trump, Web3 The Department of Government Efficiency, (DOGE) is giving US Congress and the American People a real lesson in the consequences of gross deficiencies in internal controls, (IC) and internal control over financial reporting (ICFR). These processes and their terms are a part of life in the private sector. The Financial Data Transparency Act (FDTA) was enacted to modernize and standardize financial reporting across various regulatory agencies in the United States. The law mandates the adoption of machine-readable data standards, enabling more efficient, transparent, and accurate financial reporting. This initiative aims to enhance data comparability, accessibility, and usability across government agencies and regulated entities. We are calling for amendments to be made to the FDTA to tighten oversight on agencies and their affiliates. ### Expanding FDTA to Include All US Government Agencies Currently, the FDTA applies primarily to the following regulatory agencies: - Securities and Exchange Commission (SEC) - Federal Deposit Insurance Corporation (FDIC) - Office of the Comptroller of the Currency (OCC) - Bureau of Consumer Financial Protection (CFPB) - Board of Governors of the Federal Reserve System (Federal Reserve) - National Credit Union Administration (NCUA) - Commodity Futures Trading Commission (CFTC) - Department of the Treasury - Financial Stability Oversight Council (FSOC) However, to enhance transparency and accountability to voters, the FDTA should be amended to include: 1. **All US Government Agencies**: Every executive department, independent agency, and commission should be required to adhere to the same data standards. 2. **Affiliated Agencies**: Organizations that operate under federal oversight but are not directly part of the government (e.g., government-sponsored enterprises like Fannie Mae and Freddie Mac). 3. **Government-Supported Entities**: Any organization receiving federal funding, grants, or financial backing should comply with these standardized reporting requirements. By expanding the FDTA’s scope, financial disclosures will be uniform across all government functions, allowing for better oversight, fraud detection, and efficiency in federal financial management, mirroring private-sector best practices. ### Leveraging Private-Sector Technologies for Government Financial Transactions To further enhance transparency and prevent financial mismanagement, the FDTA should be amended to mandate that all **invoices, requisitions, payments, and transactions** be recorded on a blockchain. These amendments would: 1. **Ensure Immutable Records**: Transactions recorded on a blockchain cannot be altered, reducing fraud and misreporting. 2. **Enable Real-Time Auditing**: Stakeholders, including auditors and the public, can verify transactions as they occur, similar to corporate financial oversight mechanisms. 3. **Enhance Security and Efficiency**: Blockchain and AI-driven automation reduce human error and increase the speed of financial processing, aligning with financial technologies used by Fortune 500 companies. 4. **Streamline Compliance and Reporting**: Implementing automated compliance tools, such as AI-driven risk assessment platforms, will facilitate adherence to financial regulations and best practices. Government agencies should integrate modern ERP (Enterprise Resource Planning) systems and cloud-based accounting solutions, similar to what major corporations use, to ensure transparency and efficiency. ### Automating Financial Disclosures Using Pacioli.ai [Pacioli.ai](https://pacioli.ai/), a blockchain based structured data disclosure system and a decentralized physical infrastructure network, (DePIN) for external validation, can be leveraged to automate financial disclosure and proof of compliance for all government agencies. The amendments should include: 1. **Automating Financial Disclosures for Each Agency**: Pacioli.ai can automate financial and operational disclosure pursuant to Governmental Accounting Standards Board (GASB) generating balance sheets, income statements, cash flow statements and expenditure reports for each federal agency. The Pacioli.ai DePIN can validate government agency reports using pre-defined rules, ensuring compliance with federal accounting standards and best practices followed by the private sector. **2. Consolidating Financial Data for the US Government**: Pacioli.ai can aggregate financial data across agencies, producing a **comprehensive, real-time, consolidated financial statement** for the entire US Government. This will eliminate reconciliation delays and discrepancies between departments, improving financial oversight and achieving efficiency levels seen in private-sector financial consolidation. **3. Public Participation through Pacioli Validating Nodes**: The public should be allowed to use [**Pacioli Validating Nodes**](https://docs.pacioli.ai/real-world-use-cases), which would serve as independent verification points for government financial data. **Pacioli Validating Nodes** would enable citizens, watchdog groups, and regulatory bodies to validate the integrity and reliability of the financial and operational state of each agency and the US Government as a whole. A decentralized approach ensures that financial records are **transparent, auditable, and tamper-proof** on a public blockchain, as now being rapidly adopted by financial institutions and multinational corporations. ### Taxpayers Are Like Shareholders — Its Our Tax Dollars Like shareholder’s rights to disclosure, as provided for under the Securities Act of 1934, taxpayer’s rights should include expanding the FDTA to include all US government agencies, affiliated organizations, and federally supported entities will create a more transparent financial ecosystem. By integrating **blockchain technology, enterprise ERP systems, AI-driven automation, and financial reporting tools used by the private sector**, the government can significantly improve financial accountability, reduce fraud, and increase public trust. Additionally, allowing public participation using Pacioli.ai will ensure independent verification of government financial records, reinforcing transparency and efficiency in federal financial management, while aligning public-sector operations with cutting-edge private-sector financial strategies. Plain and simple, the FTDA should become the 34 Act equivalent for taxpayers and voters. ![Pacioli.ai logo](https://auditchain.com/wp-content/uploads/2025/08/image-1.png) **About Pacioli.ai** [Pacioli.ai](https://pacioli.ai/) is a decentralized physical infrastructure, (DePIN) that enables crypto-asset issuers and service providers to collaborate, create and externally validate machine readable white papers as well as financial and sustainability disclosure documents pursuant to emerging crypto-asset regulatory requirements and technical specifications. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-scaled.webp) **About Auditchain Labs AG** [Auditchain Labs AG](https://auditchain.finance/) is a pioneering force in developing web3 and artificial intelligence-based financial reporting, crypto-asset disclosure, and analysis applications and standards. With a commitment to transparency and accuracy, Auditchain Labs AG aims to revolutionize the landscape of financial and crypto-asset disclosure. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) --- ## XBRL Switzerland and Auditchain Labs AG Announce Release of Next-Generation Swiss XBRL Taxonomy for Public Consultation > Swiss tax reporting gets overhaul. XBRL Switzerland and Auditchain Labs host public consultation for next generation tax declarations. - Web page: https://auditchain.com/swiss-tax-reporting/ - Published: 2024-09-05 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: Partnerships - Tags: Accounting, Artificial Intelligence, Cryptocurrency, Switzerland, Web3 ### Swiss tax reporting is about to undergo a transformation. The Swiss accounting, reporting, and tax stakeholder community are urged to participate in the request for comment “RFC” process. Zug, Switzerland — 5 September, 2024. [XBRL Switzerland](https://ch.xbrl.org/news/xbrl-ch-taxonomie-eroffnung-des-vernehmlassungsverfahrens/) and [Auditchain Labs AG](https://auditchain.com/) are proud to announce the release of the consultation version of the next-generation Swiss XBRL taxonomy, marking a significant milestone in the evolution of financial, business and tax reporting in Switzerland. This breakthrough is the result of over a decade of dedicated effort, strategic collaboration, and innovative development. The public consultation begins on 5 September 2024. The Swiss accounting, reporting, and tax stakeholder community are urged to participate in the request for comment “RFC” process. Stakeholders can review the newly developed version of the Swiss XBRL taxonomy using Auditchain Labs’ Luca SuiteTM Taxonomy Viewer which is accessible [here](https://dev.auditchain.finance/). Stakeholders are urged to submit feedback during the 60-day public consultation period by emailing their comments to [info@xbrl-ch.ch](mailto:info@xbrl-ch.ch). **A Decade in the Making** In 2013, XBRL Switzerland took it upon itself to lead the development of a next-generation Swiss XBRL taxonomy, intended to revolutionize how Swiss entities and professional services firms model, prepare and file corporate returns. This ambitious project aimed to create a comprehensive and forward-looking framework that would meet the complex needs of the Swiss tax and financial reporting community as well as automating oversight and supervision for all of the 26 Cantons. **Forging Strategic Alliances** In 2021, Auditchain Labs AG, the developer of [Luca SuiteTM](https://docs.auditchain.finance/luca-suite/overview-of-luca-suite), a structured disclosure management system and [Pacioli.ai](https://pacioli.ai/whitepaper/), a web3 crypto asset disclosure protocol, joined forces with XBRL Switzerland, the Swiss chapter of XBRL International — recognized as the largest standard setter in the world for financial and business reporting. This [collaboration](https://ch.xbrl.org/news/xbrl-switzerland-and-dcarpe-alliance-association-enter-collaboration/), formed under the DCARPE Alliance three years ago, has now reached a pivotal moment, demonstrating the power of collaboration between industry leaders. **Breakthrough Achievement** One of the results of this collaboration is the Swiss XBRL taxonomy, the first reporting taxonomy worldwide to achieve compliance with both the [SBRM specification](https://www.omg.org/news/releases/pr2024/02-15-24.htm) at the Object Management Group (OMG) and the Standard Business Reporting (SBR) specifications used in the Netherlands and Australia. This groundbreaking taxonomy sets a new benchmark for Swiss reporting standards. The Swiss XBRL taxonomy includes every element necessary for tax and business reporting by private, public, and government accountants across all Swiss Cantons. These elements are encapsulated within the “950000 Document — Additional Tax Domiciles” section, ensuring comprehensive coverage for all reporting requirements. **Feature Freeze** On Friday, August 9, 2024, the taxonomy reached its feature freeze, and XBRL Switzerland is publishing the Italian, French, German, and English versions for the 60-day public consultation period beginning 5 September 2024. During this time, the Swiss tax and financial reporting stakeholder community will have the opportunity to submit their comments and feedback. **Leadership and Global Influence** Following the consultation period, the final version of the taxonomy will represent a major advancement for the Swiss accounting profession and will position Switzerland as a global leader in reporting infrastructure. The innovative work of XBRL Switzerland and Auditchain Labs AG sets a new standard for other jurisdictions, regulators, and standard setters to follow, showcasing Switzerland’s best practices in machine readable business, financial and tax reporting. For more information, please visit XBRL Switzerland and Auditchain Labs AG. Media Contacts: **XBRL Switzerland** Email: [info@xbrl-ch.ch](mailto:info@xbrl-ch.ch) **Auditchain Labs AG** Email: [media@auditchain.com](mailto:media@auditchain.com) ![XBRL CH logo](https://auditchain.com/wp-content/uploads/2024/09/xbrlchlogo.webp) **About XBRL Switzerland** [XBRL Switzerland](https://ch.xbrl.org/) is the Swiss chapter of XBRL International, the leading global standard setter in financial and business reporting. XBRL Switzerland is committed to advancing digital business reporting in Switzerland by developing and promoting standards that improve transparency and efficiency. ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) **About Auditchain Labs AG** [Auditchain Labs AG](https://auditchain.com/) is a developer of web3 and artificial intelligence-based disclosure and assurance infrastructure for traditional asset and crypto asset issuers, service providers, regulators and investors. [Pacioli.ai](https://pacioli.ai/) is the world’s first web3 crypto-asset disclosure infrastructure. As a founding member of DCARPE Alliance, Auditchain Labs AG aims to raise the integrity and reliability of global business and financial information and change how disclosure infrastructure is created, distributed and consumed. [**Discord**](https://discord.gg/JbpFqKM3EM) **|** [**X**](https://twitter.com/auditchain) **|** [**Telegram**](https://t.me/Auditchain_Community) **|** [**LinkedIn**](https://www.linkedin.com/company/auditchain) **|** [**Facebook**](https://www.facebook.com/auditchain/) **|** [**Reddit**](https://www.reddit.com/r/Auditchain) **|** [**YouTube**](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ![DCARPE Alliance logo](https://auditchain.com/wp-content/uploads/2019/05/blog7a-1024x186.webp) **About DCARPE Alliance** The DCARPE™ Alliance Association is a global organisation consisting of members of the accounting, audit, financial reporting, legal, blockchain, investment and regulatory community. The purpose of the Alliance is to provide education, drive technology innovation and open-source engineering, develop, launch and promote the adoption of Pacioli.ai. --- ## Auditchain Labs AG Submits Response to ESMA’s Third MiCA Consultation Paper > Auditchain Labs AG has officially submitted its detailed responses to ESMA's Third MiCA Consultation Paper addressing market abuse detection. - Web page: https://auditchain.com/auditchain-labs-ag-submits-response-to-esma-s-third-mica-consultation-paper/ - Published: 2024-07-02 - Updated: 2026-05-22 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: Policy - Tags: European Union, Regulation, submission ### MiCA response addresses critical elements of the regulatory technical standards (RTS) for detecting and preventing market abuse, as well as investor protection and operational resilience. *Zug, Switzerland — 2 July, 2024* — Auditchain Labs AG, a pioneer in crypto asset disclosure automation, has officially submitted its detailed responses to the European Securities and Markets Authority (ESMA) regarding the third consultation paper on the Markets in Crypto-Assets Regulation (MiCA). This response addresses critical elements of the regulatory technical standards (RTS) for detecting and preventing market abuse, as well as investor protection and operational resilience. The crypto asset space is going through its “coming of age” period. We applaud the EU Parliament for introducing such a comprehensive and forward looking regulatory framework for crypto assets. We also applaud the work of ESMA and EBA in response to such a short timeline. In addition, we believe that the technical disclosure specifications introduced by ESMA are not only forward looking, but are also compatible with the technical specifications for existing disclosure frameworks for other asset classes in over 60 jurisdictions which also include the 27 EU Member States. **Key Highlights of Our Response:** **Proposed STOR Template** We advocate for the Suspicious Transaction and Order Report (STOR) form to be provided in a machine-readable format using the XBRL taxonomy. This would align the reporting format with existing models required for white papers, facilitating automated analysis, alerting, and the detection of patterns and trends both for individual entities and across the market. This recommendation ensures more efficient and accurate data handling and enhances the capability to identify market abuse effectively. **We proposed several enhancements to the template:** - Inclusion of privacy assurances for sensitive information such as National Insurance Numbers (NIN) to comply with GDPR, with appropriate masking or the use of privacy-enhancing technologies (PETs). - Clear distinction of the reporter’s role, encouraging any party, including whistleblowers, to report suspicious activities. - Use of ISO 20575 for the legal form of entities and specifying whether the address provided is the headquarters, registered legal address, or the reporter’s actual office, which is also distinguishable in the reporting taxonomy for white papers. - Clarification on various fields, including the type of trading activity and the specific nature of distributed ledger technology used. **Additional Comments on Clients’ Rights and Definitions of Systems** We emphasized the importance of further defining “systems” and to include various procedural mechanisms within order management systems that protect clients’ rights. The response provides a detailed example: if a person [system] professionally arranging transactions on behalf of clients buys 100 crypto-assets at €10 on its own behalf while holding client limit orders at the same price totaling 1000 crypto-assets, it should fulfill 100 crypto-assets of the client orders first. This ensures fair treatment and prioritization of client orders. The benefits of these mechanisms include: - **Enhanced Client Protections:** Procedural safeguards and systemic definitions ensure that client orders are prioritized, protecting their interests in trading activities. - **Efficient Compliance:** Machine-readable formats like XBRL reduce the compliance burden by automating reporting processes and ensuring interoperability with external disclosure systems. - **Increased Transparency:** Regular exception reports provide clear metrics for measuring fiduciary performance, promoting transparency and accountability in market practices. Our response to ESMA’s MiCA consultation paper underscores its commitment to enhancing market integrity, protecting investor rights, and leveraging technology for efficient regulatory compliance. By advocating for XBRL interoperability and robust procedural safeguards, Auditchain Labs AG aims to foster a safer, more transparent, and efficient crypto-asset market. --- ## Auditchain Labs AG Announces Roll Out of Pacioli.ai > DePIN launched by Auditchain Labs AG, provides external validation of machine readable white papers under MiCA. - Web page: https://auditchain.com/auditchain-labs-ag-announces-depin-roll-out-of-pacioli-ai/ - Published: 2024-07-02 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: Product - Tags: Artificial Intelligence, Crypto, Crypto Asset Regulation, Mica ### DePIN launched by Auditchain Labs AG, provides external validation of machine readable white papers under MiCA. ESEF, IFRS, USGAAP and other reporting schemes to follow. Zug, Switzerland — 30 June, 2024 — Auditchain Labs AG, a pioneer in web3 disclosure automation infrastructure, is proud to announce the roll out of [Pacioli.ai](http://pacioli.ai/), a DePIN, (decentralized physical infrastructure) crypto-asset white paper creation and AI based external validation protocol. [Pacioli.ai](https://docs.pacioli.ai/) enables regulatory compliance for crypto-assets under the new Markets in Crypto-Assets (MiCA) and Virtual Asset Regulatory Authority (VARA) frameworks without the need for expensive structured data experts and systems while avoiding regulatory crypto-asset removal orders from exchanges. Pacioli.ai features the Luca Suite™, a disclosure automation infrastructure for collaborative machine readable crypto-asset white paper, financial, and sustainability disclosure creation. White papers along with embedded financial disclosures are created in the Luca SuiteTM and rendered in the iXBRL format, a machine readable as well as human readable disclosure now mandated under MiCA regulations. Pacioli.ai features AUDT, an ERC20 “Annex I” crypto-asset and is detailed in the Pacioli.ai white paper which was created in Luca SuiteTM. Luca SuiteTM is the basis for, and is the first implementation of the forthcoming [Standard Business Report Model](https://www.omg.org/insights/how-sbrm-enables-digital-asset-white-paper-compliance-under-the-eu-mica-regulations/) specification (“SBRM”) by Object Management Group®, (“OMG”). OMG is a global technical standard setter in 27 countries with over 230 member organizations. Key Features of Pacioli.ai: - **Automated Compliance:** Users can generate white papers that meet the detailed compliance standards of MiCA and VARA without needing specialized regulatory knowledge. - **Machine-Readable Documents:** Ensuring all white papers are compliant with the iXBRL formats required for regulatory purposes. - **Collaboration:** Users can invite their counsel, accounting firms and CASPs to each contribute disclosure information. - **External Validation:** The Pacioli AI Validating Nodes are AI logic and reasoning engines that operate on a decentralized physical infrastructure (DePIN) network that verify that white papers are complete and compliant. - [**Recapture Compliance Costs**](https://docs.pacioli.ai)**:** Stakeholders can earn income by operating Pacioli AI Validating Nodes and validating compliance. - **Pacioli Explorer:** A web3 destination for analysis of the world’s compliant crypto-asset projects and service providers. “With the introduction of structured disclosure requirements, the crypto-asset industry faces a significant challenge,” said Jason Meyers, Lead Architect of Auditchain Labs AG. Pacioli.ai not only meets this challenge but transforms it into an [opportunity to earn](https://docs.pacioli.ai) income by running Pacioli Nodes while automating and offsetting the cost of compliance with MiCA and VARA for the entire crypto-asset space.” Pacioli.ai features a variety of subscription levels as well as a freemium version to enable smaller teams to quickly come into compliance with MiCA. For more information about Pacioli.ai and the Luca Suite™, please visit [https://docs.pacioli.ai](https://docs.pacioli.ai/). [**CLICK HERE**](https://forms.gle/nrGKUEHSbC8vF6Ut7) to schedule a demo. ![Pacioli.ai logo](https://auditchain.com/wp-content/uploads/2025/08/image-1.png) **About Pacioli.ai** Pacioli.ai is a decentralized physical infrastructure, (DePIN) that enables crypto-asset issuers and service providers to collaborate, create and externally validate machine readable white papers as well as financial and sustainability disclosure documents pursuant to emerging crypto-asset regulatory requirements and technical specifications. [Discord](https://discord.gg/yPgBKrxP2j) | [X](https://twitter.com/pacioli_ai) | [Telegram](https://t.me/PacioliAI) | [LinkedIn](https://www.linkedin.com/company/pacioli-ai) | [YouTube](https://www.youtube.com/channel/UCO3B9EFd_xWJLuCRh9ZoZ6Q) | [TikTok](https://www.tiktok.com/@pacioli.ai) | [Instagram](https://www.instagram.com/pacioli.ai) ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) **About Auditchain Labs AG** [Auditchain Labs AG](https://auditchain.finance/) is a pioneering force in developing web3 and artificial intelligence-based financial reporting, crypto-asset disclosure, and analysis applications and standards. With a commitment to transparency and accuracy, Auditchain Labs AG aims to revolutionize the landscape of financial and crypto-asset disclosure. [Discord](https://discord.gg/JbpFqKM3EM) | [X](https://twitter.com/auditchain) | [Telegram](https://t.me/Auditchain_Community) | [LinkedIn](https://www.linkedin.com/company/auditchain) | [Facebook](https://www.facebook.com/auditchain/) | [Reddit](https://www.reddit.com/r/Auditchain) | [YouTube](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) --- ## Auditchain Labs AG Joins Object Management Group as a New Member > Zug, Switzerland, 15 February, 2024 — Auditchain Labs AG, a trailblazer in web3 and artificial intelligence-based financial reporting, audit, and analysis - Web page: https://auditchain.com/auditchain-joins-object-management-group/ - Published: 2024-02-15 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News - Tags: Accounting, AI, Artificial Intelligence, Data, Standards *Revolutionizing financial reporting standards* Zug, Switzerland, 15 February, 2024 — [Auditchain Labs AG](https://auditchain.finance/), a trailblazer in web3 and artificial intelligence-based financial reporting, audit, and analysis protocols, has officially become a member of the esteemed [Object Management Group®](https://www.omg.org/) (OMG®), a global leader in technology standards. Auditchain Labs AG has gained prominence for developing the world’s first-ever web3 and AI-powered [financial reporting protocol](https://docs.auditchain.finance/auditchain-protocol/master). This innovative solution aims to enhance the accuracy of financial disclosure and elevate the rigor of external audits, ensuring a more truthful representation of financial data. On November 6, 2023, Auditchain Labs AG marked a significant milestone by submitting its groundbreaking [Standard Business Report Model](https://www.omg.org/intro/SBRM.pdf) (SBRM) specification to OMG. The SBRM specification introduces a paradigm shift by automating bi-directional structured data interchange and imposing logical constraints on structured financial disclosure data. “We are thrilled to join OMG to redefine and advance financial reporting standards globally,” said [Jason Meyers](https://www.linkedin.com/in/jason-meyers-nyc/), Lead Architect at Auditchain Labs AG. “Our SBRM specification reflects our commitment to transparency, accuracy, and the seamless integration of AI into financial reporting processes.” OMG, known for its commitment to creating technology standards, provides a collaborative platform for the development and refinement of cutting-edge standards. Auditchain Labs AG is proud to become a member of an organization that has a rich history of fostering innovation and industry-wide advancements. “We welcome Auditchain Labs AG to our diverse community of members,” said Bill Hoffman, Chairman and CEO at OMG. “Their knowledge and expertise in web3 and AI-based financial reporting will help push the boundaries of financial reporting technology standards. We look forward to the contributions Auditchain Labs AG will make to our collaborative ecosystem.” The SBRM specification submitted by Auditchain Labs AG to OMG sets the stage for a new era in financial reporting. By introducing automation and logical constraints, the proposed standard aims to streamline the exchange of structured financial data, fostering transparency and accuracy in reporting. As an OMG member, Auditchain Labs AG will help shape the future of financial reporting, setting new benchmarks for innovation, accuracy, and integrity. ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-scaled.webp) **About Auditchain Labs AG** [Auditchain Labs AG](https://auditchain.finance/) is a pioneering force in developing web3 and artificial intelligence-based financial reporting, audit, and analysis protocols. With a commitment to transparency and accuracy, Auditchain Labs AG aims to revolutionize the landscape of financial disclosure and external audits. [***Discord***](https://discord.gg/JbpFqKM3EM) ***|*** [***Twitter***](https://twitter.com/auditchain) ***|*** [***Telegram***](https://t.me/Auditchain_Community) ***|*** [***LinkedIn***](https://www.linkedin.com/company/auditchain) ***|*** [***Facebook***](https://www.facebook.com/auditchain/) ***|*** [***Reddit***](https://www.reddit.com/r/Auditchain) ***|*** [***YouTube***](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ![OMG (Object Management Group) Standards Development Organization logo](https://auditchain.com/wp-content/uploads/2024/02/omglogo.webp) **About OMG** [The Object Management Group®](https://www.omg.org/) **(OMG®) is an international, open membership, not-for-profit technology standards consortium with representation from government, industry, and academia. OMG Task Forces develop enterprise integration standards for a wide range of technologies and an even more comprehensive range of industries. OMG’s modeling standards enable robust visual design, execution, and maintenance of software, systems, and other processes. Visit** [**www.omg.org**](http://www.omg.org/) **for more information.** Object Management Group and OMG are registered trademarks of the Object Management Group. For a listing of all OMG trademarks, visit [https://www.omg.org/legal/tm_list.htm.](https://www.omg.org/legal/tm_list.htm) All other trademarks are the property of their respective owners. For media inquiries, please contact: David Blaszkowsy, Strategic Policy at Auditchain Labs AG — [blaszkowskyd@gmail.com](mailto:blaszkowskyd@gmail.com) --- ## Spot Bitcoin ETF Path Gets Clearer as FASB’s New Rules on Crypto Valuation Benefit Financial Reporting > In a significant move towards enhancing financial transparency, the Financial Accounting Standards Board (FASB) has introduced groundbreaking accounting ru - Web page: https://auditchain.com/spot-bitcoin-etf-path-gets-clearer-as-fasbs-new-rules-on-crypto-valuation-benefi/ - Published: 2023-12-13 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News - Tags: Accounting, Bitcoin, Crypto, Etf, Fasb In a significant move towards enhancing financial transparency, the Financial Accounting Standards Board (FASB) has introduced groundbreaking accounting rules for the treatment of digital assets, particularly cryptocurrencies like Bitcoin and Ethereum. Set to take effect in 2025, these rules mark a departure from the previous practice that only allowed companies to treat crypto as intangibles under ASC 350 in the United States. This change aims to provide a more accurate representation of the value of digital assets, allowing companies to capture both the highs and lows in their financial disclosures. ### Fair Value Measurement Under the new FASB rules, companies, including notable names like MicroStrategy, Tesla, and Block, will be required to measure their cryptocurrency holdings at fair value. This measurement technique aims to reflect the most up-to-date value of digital assets, allowing for a more dynamic and responsive accounting approach. Changes in fair value will now be recorded in the net income, providing a comprehensive view of the financial health of companies involved in the crypto space. ### Earlier Adoption for Spot Bitcoin ETFs? While the rules officially take effect in 2025, companies have the option to adopt them earlier. This flexibility allows enterprises to embrace the new standards ahead of the deadline, further paving the way for the SEC to declare effectiveness of registration statements for 12 spot Bitcoin ETFs sooner than anticipated. The move towards fair value accounting addresses a longstanding concern in the crypto industry, where the one-sided accounting treatment often led to diminished earnings due to the requirement for impairment. ### Benefits for Companies and Investors The new rules offer a more comprehensive and standardized approach to accounting for digital assets, contributing to increased investor confidence. For companies like MicroStrategy, which holds a significant amount of crypto, and others in the industry, the rules pave the way for capturing the true economic substance of their holdings. By recording both gains and losses, financial statements will more accurately mirror the real-world fluctuations in the value of cryptocurrencies, providing stakeholders with a clearer picture of a company’s financial and operational condition. ### What About Those Other Tokens? The narrow scope of the new FASB rules deliberately excludes non-fungible tokens, stablecoins, and certain issuer-created tokens, focusing specifically on widely traded cryptocurrencies like Bitcoin and Ethereum. FASB members have expressed openness to expanding the rules in the future if other crypto issues become prevalent in practice. Some voices in the accounting world believe that a model for fair value measurement of other crypto assets might stem from the [SEC’s 15(c)3–1 net capital rule](https://www.sec.gov/about/offices/oia/oia_market/key_rules.pdf). Under Rule 15(c)3–1 net capital computation applies haircuts to assets based on liquidity and market impact as well as other metrics such as how concentrated the risk is to the balance sheet in question and what percentage of the balance sheet is comprised of the asset. ### Enhanced Disclosures Under the new rules, companies will be required to make a separate entry for their crypto assets on their balance sheets. Additionally, detailed disclosures in footnotes will be necessary for each reporting period, outlining significant holdings of crypto and any restrictions on those holdings. This increased transparency ensures that investors and other stakeholders have access to vital information about a company’s crypto portfolio. ### With Clarity Comes Vision and Corporate Adoption FASB’s new accounting rules for digital assets represent a significant step towards aligning financial reporting with the dynamic nature of the crypto market. By adopting fair value measurement and allowing for earlier adoption, these rules provide companies with a more accurate and timely representation of their cryptocurrency holdings. This increased transparency benefits investors and other stakeholders, fostering confidence and legitimacy in the growing crypto sector. As the industry continues to evolve, FASB’s commitment to addressing crypto accounting challenges sets the stage for further standardization and clarity in financial disclosures. --- ## Logical Constraints — Global Standard Semantic Information Blocks > We created a global standard digital semantic information block that is easy for the average CFO or controller to use. - Web page: https://auditchain.com/logical-constraints-global-standard-semantic-information-blocks/ - Published: 2023-10-20 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News - Tags: Accounting, Artificial Intelligence, Financial Reporting, Regulatory Compliance, Web3 We created a *global standard digital semantic information block* that is easy for the average CFO or controller to use. Here is one example of a semantic information block. What you see below is a multidimensional roll forward information pattern. ![Rendered XBRL table: an investment property roll forward with validation check marks](https://auditchain.com/wp-content/uploads/2023/10/blog39a.webp) These are multi-dimensional tables of data that are (a) readable and understandable to both humans and machines (b) are built to be shared over the Internet and (c) cryptographically reinforced. Here are some of the features of the global standard digital semantic information blocks: - Output format in PDF, HTML, .XLS, MSWORD and can be represented in the [global standard technical syntax XBRL](https://specifications.xbrl.org/specifications.html) (Extensible Business Reporting Language). - Semantics follow [standard business report semantics of XBRL-based reports](https://specifications.xbrl.org/spec-group-index-open-information-model.html), and OMG’s forthcoming [Standard Business Report Model (SBRM)](https://www.omg.org/intro/SBRM.pdf) logical conceptualization of a business report. - Uses a [global standard multidimensional model](https://specifications.xbrl.org/spec-group-index-group-dimensions.html) which supports n-dimensional [hypercubes](https://en.wikipedia.org/wiki/Hypercube). - The hypercube models and the underlying facts are are editable and exchangeable. Hypercubes are editable (i.e. extensible, customizable) by business professionals. - Hypercubes support common mathematical computational patterns such as roll ups, roll forwards, restatements due to errors, variances between different reporting scenarios. (i.e. not limited to only roll ups like OLAP). - Rules are declarative and separated from the data itself. - Hypercubes can be related to other hypercubes. - Hypercubes supports both numeric and textual information equally well. - Semantic oriented as contrast to being presentation oriented (i.e. workbooks, sheets, rows, columns, and cells). - Logically constrained. - Unicode. Mechanized constraints are applied to each customizable reporting model. Creating models allow the re-use so reporting processes are repeatable and are able to be outputted in any format. Create once. Report many times. We abstracted away all of the complexities inherent in financial reporting so you can focus on managing your business. [CONTACT US](mailto:support@auditchain.com) for a demo. --- ## Silvergate Bank: Smoke on the Water Now Fire in the Sky > Internal and Disclosure Controls at #Silvergate were deficient long before #FTX filed for bankruptcy. Deficiencies in IC and DC are always tell tale signs of impending doom as evidenced in the Declaration of John Jay Ray III in support of the bankruptcy of FTX. We will prove this below. - Web page: https://auditchain.com/silvergate-bank-smoke-on-the-water-now-fire-in-the-sky/ - Published: 2023-03-04 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News - Tags: Audit, Financial Reporting, Internal Audit, Silvergate, Web3 Internal and Disclosure Controls at [#Silvergate](https://www.linkedin.com/feed/hashtag/?keywords=silvergate&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7037782678061912064) were deficient long before [#FTX](https://www.linkedin.com/feed/hashtag/?keywords=ftx&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7037782678061912064) filed for bankruptcy. Deficiencies in IC and DC are always tell tale signs of impending doom as evidenced in the [Declaration of John Jay Ray III in support of the bankruptcy of FTX.](https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf) We will prove this below. KEEP READING. ???? The focus of [Auditchain Labs AG](https://www.linkedin.com/company/auditchain/) is all about raising the integrity and reliability of global disclosure and assurance processes and the financial information articulated in such disclosures. KEEP READING ???? On March 1, 2023, [Silvergate Bank](https://www.linkedin.com/company/silvergate-bank/) filed a Form NT-10K which is a request for an extension of time to file its annual report on Form 10K. ⚠ [See NT-10K](https://www.sec.gov/Archives/edgar/data/1312109/000110465923027353/tm238251d1_nt10k.htm) ⚠ Pursuant to the PART III — NARRATIVE ⚠ “The Company is working diligently to file its Form 10-K as soon as possible, but does not expect to be in a position to file the Form 10-K by the extension date of March 16, 2023”. ⚠ Furthermore, they state in PART IV — OTHER INFORMATION ⚠ “In addition, the Company is evaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements”. ???? [Auditchain Labs AG](https://www.linkedin.com/company/auditchain/) features [Pacioli](https://docs.auditchain.finance/auditchain-protocol/pacioli-logic-and-rules-engine), an AI based logic and reasoning engine that acts as a validating node on the [#AuditchainProtocol](https://www.linkedin.com/feed/hashtag/?keywords=auditchainprotocol&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7037782678061912064). It uses a semantic ontology to achieve provably accurate deficiencies in internal and disclosure controls. Pacioli proves the financial and operational state of an economic entity. ???? [#Pacioli](https://www.linkedin.com/feed/hashtag/?keywords=pacioli&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7037782678061912064) was able to detect 32 inconsistencies in the financial statements filed with the SEC by [#Silvergate](https://www.linkedin.com/feed/hashtag/?keywords=silvergate&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7037782678061912064) for the period ending September 30, 2022. ???? 2 of the inconsistencies were the result of a failure by [#Silvergate](https://www.linkedin.com/feed/hashtag/?keywords=silvergate&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7037782678061912064) to perform correct and consistent calculations related to Stockholder’s Equity under [#USGAAP](https://www.linkedin.com/feed/hashtag/?keywords=usgaap&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7037782678061912064). ???? 10 were related to calculations of its Summary of Loans detail under [#USGAAP](https://www.linkedin.com/feed/hashtag/?keywords=usgaap&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7037782678061912064), specifically: “financing receivable excluding accrued interest before allowance for credit loss”. ☢ ???? An additional 20 inconsistencies were related to the outright failure to include mandatory disclosures. TOO MANY TO STATE ☢ ???? Investors and stockholders could have been more informed if they performed the analysis using the [#AuditchainProtocol](https://www.linkedin.com/feed/hashtag/?keywords=auditchainprotocol&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7037782678061912064) [#Pacioli](https://www.linkedin.com/feed/hashtag/?keywords=pacioli&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7037782678061912064) analysis tool. ????They will very soon when the Auditchain Protocol launches and investors can become much better informed. ⚠ Regulators failed to protect investors by providing adequate specifications for assurance and financial disclosure for [#banks](https://www.linkedin.com/feed/hashtag/?keywords=banks&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7037782678061912064) and other reporting entities. ???? CPAs and CFAs who review these outputs can confirm. ☑ CFOs, controllers or CEOs who furnish financial disclosure who want to avoid this embarrassment should email [info@auditchain.com](mailto:info@auditchain.com). Forward thinking accountants and professionals can become early adopters of the new Web3 accounting, financial reporting and assurance economy! **CALL FOR APPLICATIONS** [Applications to subscribe](https://forms.gle/pBCi46aReweHSAxYA) are now being accepted for the first 250 public beta versions of Pacioli Node as a Service provided by [blocz](https://blocz.io/). ### [CLICK HERE TO APPLY NOW!](https://forms.gle/pBCi46aReweHSAxYA) ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) ### About Auditchain Labs AG [*Auditchain*](https://auditchain.finance/) *Labs AG (*[*https://auditchain.finance*](https://auditchain.finance/) *) is the developer of the world’s first decentralized accounting, audit, financial reporting and analysis protocol that automates financial disclosure and provides proof of state validation on the world’s business and financial information. Auditchain Labs AG is a founding member of the DCARPE Alliance Association and is leading the development of the Auditchain Protocol with other members of the Alliance.* [***Discord***](https://discord.gg/JbpFqKM3EM) ***|*** [***Twitter***](https://twitter.com/auditchain) ***|*** [***Telegram***](https://t.me/Auditchain_Community) ***|*** [***LinkedIn***](https://www.linkedin.com/company/auditchain) ***|*** [***Facebook***](https://www.facebook.com/auditchain/) ***|*** [***Reddit***](https://www.reddit.com/r/Auditchain) ***|*** [***YouTube***](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ![DCARPE Alliance logo](https://auditchain.com/wp-content/uploads/2019/05/blog7a-1024x186.webp) ### About DCARPE Alliance Association *The* [*DCARPE Alliance Association*](https://dcarpe.org/) *is a global organisation consisting of members of the accounting, audit, financial reporting, legal, blockchain, investment, standard setter and regulatory community. The purpose of the Alliance is to adopt standards, provide education, drive technology innovation and promote the adoption of continuous audit and real time digital financial reporting using the Auditchain Protocol.* [***Twitter***](https://twitter.com/DCARPEAlliance) ***|*** [***Telegram***](https://t.me/DCARPE) ***|*** [***Facebook***](https://www.facebook.com/dcarpealliance) ***|*** [***LinkedIn***](https://www.linkedin.com/company/dcarpealliance) --- ## What is Proof of State? > Accounting is the language of business. That will never change. Like ever. Financial reporting is how accounting information is communicated. Audit is an independent examination to determine if the communication or, state-MENTS being made are fairly communicated and presented. Clear so far? - Web page: https://auditchain.com/what-is-proof-of-state/ - Published: 2023-01-06 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News - Tags: Accounting, Audit, Cryptography, Cryptography For Dummies, Financial Regulation ### *This is an explanation for the general public about accounting concepts expressed in a manner that we hope is easy to understand.* Accounting is the language of business. That will never change. Like ever. Financial reporting is how accounting information is communicated. Audit is an independent examination to determine if the communication or, state-MENTS being made are fairly communicated and presented. Clear so far? There are a lot of confusing terms in crypto. Proof of reserves was one of them. The public’s misunderstanding of a proof of reserves report is part of the reason that the audit profession fled from the crypto space at the end of 2022. The other reasons will be revealed after this article is published. The positive side of this controversy and confusion is that the general public is gaining an understanding of the different types of engagements performed by professional services firms and the purposes they serve. The least understood is the Agreed Upon Procedures “AUP” engagement. The AUP engagement is exactly what it means. It is an engagement where the process and scope of the examination is **negotiated and agreed upon** between an operating entity and a public accounting firm. There are usually no assurances or opinions given. The report itself makes a bold statement: “You should not rely on this report”. This statement is meant to be taken seriously. It is our hope (prayer) that the spectacular crypto failures of 2022 combined with the [declaration and public testimony](https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf) of John Jay Ray III about the ***lack of controls and the absence of reliable financial information*** of FTX will forever be burned into the consciousness of the general public. The question is: will you learn? ### State Buzzwords, assuming they are not misleading, seem to be cheaper and more effective than a semester of learning. 2022 was certainly a very expensive education for the general public. We promise that this article will be much cheaper. Proof of State is a dispositional term. We’ll get to the Proof in a minute. State is derived from the attributes of a balance sheet. Its the ***product*** of the accounting equation. “Total Assets-Total Liabilities=Equity” OR, “Assets=Liabilities+Owner’s Equity”. There are a few ways to express this simple formula but the product of this formula is the same. Simply put, a balance sheet is a state — MENT. There are lots of controls at work that are required to accurately populate a balance sheet. So long as the equity is a positive number, and a large percentage of the equity is cash, the operating entity may be considered solvent. Liquidity is a different topic. The financial condition or “State” of an operating entity is determined, in part by its equity or net worth. The time attribute of a balance sheet in accounting terms is “instant”**,** or “as of” the end of a specific period or date. NOW is best in the fast moving and rapidly evolving crypto space. Just a reminder, it is still business. It just moves 10 times faster than traditional business. A profit and loss state-MENT is duration based. Its the consolidated accumulation of the debits and credits of an account or group of accounts during a period. Profit and loss data is indispensable in determining equity, net worth or “State”. A cash flow state-MENT is also duration based and is also a critical element in the determination of equity, net worth or “State”. A state-MENT of changes in equity articulates the “CHANGES IN STATE” of an operating entity during a period. All four financial state-MENTS are critical in the determination of the condition of State and the articulation of the changes in State of an operating entity or a financial intermediary. Clear so far? Wouldn’t you want to “instantly” know the condition of the “State” of a custodian BEFORE you entrust value to them? ### Where’s the Proof? Proof is obtained using EVIDENCE. What is evidence? Basic forms of evidence are invoices, purchase orders or the contents of an accounting system. We use cryptography to preserve the reinforcement of processes and volumes of data. A “volume” of data and a “set” of logic is represented by hash values or “proofs”. They can be recorded on any public blockchain. If the proofs no longer match, it means that the logic set or the volume of data has been tampered with. Merkle Trees are a cryptographic data structure and play a critical role in the preservation of evidence. These are a critical part of the reinforcement of the functional objectives of the internal controls and the preservation of data. Pacioli.ai is a decentralized physical infrastructure network, (“DePIN”) that features an external validation logic engine, that verifies or “proves” that the internal controls over financial reporting (“ICFR”) and volumes of data have not been breached or tampered with. It also verifies the accuracy of the articulation of all four financial state-MENTs. Assuming the humans managing the operating entity are honest and the internal controls have not been breached or tampered with, the articulation of the financial state will be accurate. [Pacioli Nodes](https://docs.auditchain.finance/auditchain-protocol/pacioli-logic-and-rules-engine) act as the external validators that verify the Proof of State of the operating entity without the need for a centralized third party audit. This method does not fit within any regulatory audit standards yet. ![Proof of State diagram: internal control environment, accounting and custody, financial disclosure, community external validation and state condition, recorded on a blockchain](https://auditchain.com/wp-content/uploads/2023/01/blog36a-1024x409.webp) The failures in traditional business despite the performance of audit engagements combined with the withdrawal of the audit profession from the crypto space punctuate the need for changes in audit standards and an upgrade of the skills of public accountants. In contrast, a set of smart contracts on a blockchain achieves perfect compliance with functional objectives and the proof is already baked in. Systemically and structurally, decentralized finance infrastructure performed beautifully during the failures of 2022. On a blockchain, miners/validators verify the inclusion of every transaction in the scope of validation. They prove all wallets, all balances and all transactions all the way back to genesis. Genesis is the first block mined/validated on the chain. In accounting speak, its when the books were first opened. But as you know, where there are humans and money inside of a centralized operating entity, there must be controls. Especially if its other people’s money. [Pacioli.ai](https://pacioli.ai/) turns centralized operating entities into a blockchain; its auditors into its validators and all four of its financial state-MENTs into its block explorer. --- ## Proof of Reserves is not Safe CEX > There is a lot of confusion around the use of Merkle roots and trees for proof of reserves and proof of liabilities. This article attempts to decrypt some - Web page: https://auditchain.com/proof-of-reserves-is-not-safe-cex/ - Published: 2022-11-22 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News - Tags: Audit, Blockchain, Cex, Crypto, Proof Of Reserve For those who grew up in the 1980’s, you remember being taught that safe CEX is not safe. It’s about having safer CEX. So how do we all have “safe” CEX? Get tested. Show the results to your partner(s) and start communicating. For those that actually took the time to read the citations in the bitcoin whitepaper, Merkle trees are the basis for public key cryptography. There is a lot of confusion around the use of Merkle roots and trees for proof of reserves and proof of liabilities. This article attempts to decrypt some of the public propaganda now taking place among centralized crypto exchanges (and accounting firms) in order to set the record straight in a humanized way. First of all, you can’t prove that your CEX partner **did not** cheat on you and engage in transactions that contradict a proof of reserves attestation a few minutes after a snapshot. In the wake of the collapse of FTX, large amounts of value were “mistakenly” sent to other exchanges and then returned. If centralized exchanges want to be in an open relationship, they need to communicate that to their partners. Don’t underestimate humanity and conceal activity. They can handle the truth. Ok let’s put this in perspective. In securities law, this is literally called “affiliated relationships and related party transactions”. Now first, we want to remind you that many consider open-source software to be a form of free speech. If you hold that view, then you must also hold that transactions on a public chain are public statements. In criminal law, anything you say can be held against you. On social media, it probably will. In accounting, engaging in a series of transactions with third parties that obfuscate or conceal an illegal transaction is called accounting fraud. Tax authorities call it money laundering. In law, this would be considered at the very least, misrepresentation. So how does proof of reserves provide proof? It doesn’t. It’s a highly porous condom. That’s all. It gives your CEX partners a false sense of security and it makes for good propaganda during CEX. It also provides accounting firms with another accessory to sell to make CEX a little CEXier. Centralized exchanges are operating entities. This means that they not only have a balance sheet, but they have cash flow and a profit and loss. There is much controversy about property rights in the context of bank deposits. The balance sheet of a bank communicates that depositor’s funds are a bank asset, but it also communicates an equal offsetting liability. They have a little bit of public accountability. So the concealment of leverage, the act of hypothecation and rehypothecation by a CEX bewails the institution of existing regulation despite contradictory calls for it. For so long as the proverbial “operating entity” exists, it is not likely that public key cryptography will replace accounting and reporting. They are the language of business. Accounting is the recording of transactions. Merkle leaves can help. Financial reporting is the communication of accounting information. Financial reporting schemes such as USGAAP and IFRS are dialects of the language of business. Merkle branches, trunks and roots are the canonical preservation of provenance. Unless you have a bigger standing army, it is not likely that accounting, reporting and audit standard setters and regulators will be replaced. So how can you have great CEX and a healthy relationship with your users? You must reconcile, show respect and communicate the whole truth, or they will leave you. Auditchain Labs developed the world’s first and only Web3 financial disclosure and proof of assurance infrastructure that is aimed at solving the opaque nature of centralized crypto exchanges and the dysfunctional relationships they have had with their users. It also provides tools for users to verify the integrity and reliability of the financial disclosure information they communicate. Ralph Merkle provided us with the primitives but he’s not a therapist. Repairing relationships takes time in order to truly restore confidence. It’s not wise to climb out of the cyclone cellar after a tornado with a few buzzwords and postulate how great it is that the wind stopped blowing. People have feelings. They will withdraw if they are hurt. If you are a centralized exchange, proof of reserves is not the whole truth. Let us help you tell the truth, whole truth, and nothing but the truth, so help you God. --- ## Financial Disclosure and Proof of Assurance — Blockchain’s Best and Most Valuable Use Case > If the failure of 3AC, Celsius, and LUNA did not underscore the critical need for financial disclosure, proof of assurance and proof of state on segregated - Web page: https://auditchain.com/financial-disclosure-and-proof-of-assurance-blockchains-best-and-most-valuable-u/ - Published: 2022-11-13 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News - Tags: Cryptocurrency, Ftx, Nft, Web 3 If the failure of 3AC, Celsius, and LUNA did not underscore the critical need for financial disclosure, proof of assurance and proof of state on **segregated custody provided by non affiliates**, then the failure of FTX and Alameda should be a baseball bat across the face of investors in crypto. Everything above the base layer (common enterprise) that raises capital (investment of money) with an expectation of a return on investment, or provides custody services must conspicuously furnish transparency. In the wake of the American stock market crash of 1929, FDR called upon Joseph P. Kennedy to reform the securities markets. Kennedy was a big beneficiary of the rug pulls and dark securities markets up to that time and knew where the bodies were buried, who buried them and how. The adoption of the Securities Acts and the formation of the Securities and Exchange Commission was a response by the Roosevelt Administration to nefarious and manipulative activities that helped contribute to the crash. The Securities Acts would ultimately help restore confidence in capital formation and play a critical role in the adoption of similar frameworks by other global jurisdictions. Are you listening yet? Don’t expect Gary Gensler to call on anyone in crypto for reform. His message has been very consistent about the time tested public policies of the SEC. Prior to the adoption of the Securities Acts, the general public gained information about issuers of securities (tokens) from brokers (exchanges) and tipsters (influencers). Financial statement disclosure was not a common public artifact. Orders for securities transactions were also executed by largely unregulated intermediaries, often at a disadvantage of buyers and sellers. Sound familiar? Since 1934 every traditional exchange has been providing financial and operational disclosure to counterparties. Traditional exchanges **DO NOT PROVIDE CUSTODY!** The combination of exchange and custody services under one roof represents one of the biggest dangers to investors. The FTX failure may be the excuse that moves regulators to do things that will likely hurt innovation. Gary Gensler took the opportunity to echo his consistent statements about time tested public policy. History may show that the very opponents to Gary Gensler and SEC oversight have been acting in a manner that could prove him right. ### Affiliated Relationships and Related Party Transactions The failure to demand corporate governance, internal controls and financial disclosure by the world’s most sophisticated investors will never ever stop baffling me. First, FTX created the FTT token which became the subject of a kaleidoscopic web of loans, collateralization and related transactions that needed to be disclosed. Alameda Research was the biggest market maker in the FTT token. The FTX bankruptcy revealed 130 affiliated and related entities. This information along with he risks they pose should have been disclosed to account holders who trusted FTX to custody their assets. Exchange and custody DO NOT mix well in ANY financial services stack. I feel like a broken record. ![Organisation chart of the FTX and Alameda Research group of companies, with ownership percentages and intercompany agreements](https://auditchain.com/wp-content/uploads/2022/11/blog34g-1024x552.webp) ### Web3 Financial Disclosure Infrastructure [Auditchain Labs AG](https://auditchain.finance/), based in Zug, Switzerland is leading the development of the first and only Web3 financial disclosure and proof of assurance infrastructure that solves the opaque nature of centralized exchanges and any reporting entity. The [Auditchain Protocol](https://docs.auditchain.finance/) incentivizes and enables accountants, CFOs, CFAs and other professionals to create, validate and own [Process Control NFTs](https://docs.auditchain.finance/auditchain-protocol/auditchain-core-v1/process-control-nft) that automate accounting, financial reporting, audit and analysis processes using a machine-readable global standard syntax on the Auditchain Protocol. It is designed to modernize assurance and financial disclosure for what’s left of society’s 21st century open ledger-based investor. Each time the Process Control NFTs are used to compose and audit financial statements, the creators and the validators of the Process Control NFTs get paid royalties. ### FINALLY! A Protocol for Accountants While it is unfortunate that the masses are now being educated about crypto by main stream media, Web3, blockchain and distributed ledgers actually represent the greatest contribution to the accounting and audit profession since [Summa de arithmetica](https://www.icaew.com/library/library-collection/historical-accounting-literature/highlights-of-the-collection/summa-di-arithmetica), Luca Pacioli’s documentation of double entry accounting in 1494. The yearlong crypto crash of 2022 has created an incredible opportunity for accountants and professionals to move from hourly fees and centralized manual labor to earning royalties on the Auditchain Protocol that may one day save us all from financial Armageddon. **WE NEED YOU!** 2022 will go down in history as the time that crypto suffered its 2008 and its Bernie Madoff moment. It will also mark a new epoch in the annals of accounting and professional services. We have a strong belief that the centralized and interconnected activities that occur in crypto could kill innovation without strong controls and transparency. We so believe the crypto space needs to find a way to compromise or be subjected to politically imposed and misguided regulations that may one day make us all wonder what a good idea it **could** have been. We are seeking technical accountants to launch the Auditchain Protocol in beta. Follow Auditchain Labs on [Twitter](https://twitter.com/Auditchain). --- ## Auditchain Expands Footprint in $600 Billion Global Accounting, Financial Reporting and Audit > Auditchain Labs AG has expanded its footprint in the $600 billion global accounting, financial reporting and audit services market with the acquisition of - Web page: https://auditchain.com/auditchain-expands-footprint-in-600-billion-global-accounting-financial-reportin/ - Published: 2022-04-13 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News - Tags: Accounting, Audt, Blockchain, Cryptocurrency, Nft - ***Acquisition substantially increases AUDT token utility infrastructure and strengthens reporting capabilities on the Auditchain Protocol for the European market*** - ***Move signals Auditchain’s increased focus on standards-based reporting solutions*** Zug, Switzerland, 13 April, 2022 — [Auditchain Labs AG](https://auditchain.finance/), the developer of the world’s first decentralized accounting, financial reporting, audit, and analysis protocol for assurance and disclosure, announced today that it has acquired Areport, a platform for creating XBRL-based (eXtensible Business Reporting Language) models, taxonomies and reports. The acquisition substantially widens the footprint and capabilities on the Auditchain Protocol for financial reporting by reporting entities. It is estimated that the acquisition of Areport will substantially increase the [AUDT token](https://docs.auditchain.finance/auditchain-protocol/audt-token) utility on the Auditchain Protocol. Areport will provide a suite of tools that enable enterprise users on the Auditchain Protocol to create control sets, reporting taxonomies and XBRL-based financial reports using the [ISO Standard](https://www.iso.org/standard/80873.html) Data Point Model (DPM). DPM is a reporting model tailored to the requirements of the [European Banking Authority](https://www.eba.europa.eu/risk-analysis-and-data/dpm-data-dictionary) and other regulatory authorities. Fuad Begic, founder and developer of Areport will join Auditchain Labs as lead engineer to continue expanding the development of the Areport suite. Fuad stated: ***“I am really excited about the combination of Areport and Auditchain and to be a part of the effort to help build Auditchain into a complete decentralized expert network and to be working alongside experts like Charlie Hoffman”.*** Areport will add substantial additional functionality for Process Control NFT creation by reporting entities. With Areport, each reporting entity will now be able to compose, originate and extend unique sets of Process Control NFTs representing machine-readable and searchable financial models, Process Control sets and reporting taxonomies using the XBRL global standard syntax. The Areport acquisition provides more tools for reporting entities and complements and extends the Auditchain Protocol with the current capability to validate and enable audit of XBRL-based financial reports created within the Areport suite using [Pacioli](https://docs.auditchain.finance/auditchain-protocol/pacioli-logic-and-rules-engine), the logic and reasoning engine at the heart of the Auditchain Protocol for financial statement and Process Control NFT validation. In most jurisdictions globally, reporting entities are required to formally submit information to regulators about their financial performance, compliance, and/or exposure to risk. In recent years, traditional paper and PDF documents are being augmented or replaced with structured, machine-readable reporting. [XBRL](https://xbrl.org/) is a widely accepted global standard syntax for reporting machine-readable financial and business information. Charles Hoffman, CPA and product manager stated, ***“Areport creates a suite of product offerings on the Auditchain Protocol that perfect and augment XBRL-based reporting to large regulators like ESMA and the SEC. We want to bring these modern reporting approaches to issuers of digital assets and traditional enterprises by creating easy-to-use, inexpensive, and high-quality reporting solutions using standards-based, best-practice methods such as DPM and the*** [***Standard Business Report Model***](https://www.omg.org/intro/SBRM.pdf) ***adopted by OMG“.*** Areport will be integrated into the Pacioli Logic Engine via API library by 8 June for the official launch of the Auditchain Protocol which will take place LIVE at the Digital Accountancy Show — Powered by Auditchain at Tottenham Hotspur Stadium in London. Auditchain is in the process of becoming a member of the industry standards consortium [XBRL International](https://www.xbrl.org/), which created XBRL over 20 years ago with the [American Institute of Certified Public Accountants](https://us.aicpa.org/content/dam/aicpa/interestareas/frc/accountingfinancialreporting/xbrl/downloadabledocuments/xbrl-09-web-final.pdf). There are over 180 XBRL projects in 60 countries. Prominent examples include the Dutch Waterboard, the U.S. Securities and Exchange Commission (SEC), the U.S. Federal Deposit Insurance Corporation (FDIC), the U.S. Federal Energy Regulatory Commission, the European Single Market Authority (ESMA), and the Australian Prudential Regulation Authority. ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) **About Auditchain Labs AG** [*Auditchain*](https://auditchain.finance/) *Labs AG (*[*https://auditchain.finance*](https://auditchain.finance/) *) is leading the development of the world’s first decentralized accounting, audit, financial reporting and analysis protocol that automates and provides proof of assurance on the world’s business and financial information. Auditchain Labs AG is a founding member of the DCARPE Alliance Association and is leading the development of the Auditchain Protocol with other members of the Alliance.* [***Discord***](https://discord.gg/JbpFqKM3EM) ***|*** [***Twitter***](https://twitter.com/auditchain) ***|*** [***Telegram***](https://t.me/Auditchain_Community) ***|*** [***LinkedIn***](https://www.linkedin.com/company/auditchain) ***|*** [***Facebook***](https://www.facebook.com/auditchain/) ***|*** [***Reddit***](https://www.reddit.com/r/Auditchain) ***|*** [***YouTube***](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ![DCARPE Alliance logo](https://auditchain.com/wp-content/uploads/2019/05/blog7a-1024x186.webp) **About DCARPE Alliance Association** *The* [*DCARPE Alliance Association*](https://dcarpe.org/) *is a global organisation consisting of members of the accounting, audit, financial reporting, legal, blockchain, investment, standard setter and regulatory community. The purpose of the Alliance is to adopt standards, provide education, drive technology innovation and promote the adoption of continuous audit and real time digital financial reporting using the Auditchain Protocol.* [***Twitter***](https://twitter.com/DCARPEAlliance) ***|*** [***Telegram***](https://t.me/DCARPE) ***|*** [***Facebook***](https://www.facebook.com/dcarpealliance) ***|*** [***LinkedIn***](https://www.linkedin.com/company/dcarpealliance) --- ## Auditchain AUDT Token Supported on Global Exchange BitMart > Support for AUDT/USDT pair makes AUDT available to 9 million users globally. Auditchain Labs AG announces that AUDT is now supported on BitMart, one of the - Web page: https://auditchain.com/auditchain-audt-token-supported-on-global-exchange-bitmart/ - Published: 2022-04-05 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News - Tags: Audt, Blockchain, Cryptocurrency, Nft, Web3 ***– Support for AUDT/USDT pair makes AUDT available to 9 million users in over 180 countries ahead of official launch in June*** ***– AUDT token powers Auditchain’s decentralized financial disclosure and assurance infrastructure*** **Zug, Switzerland, 6 April 2022** — Auditchain Labs AG, the developer of the world’s first decentralized accounting, financial reporting, audit, and analysis protocol for assurance and disclosure, announced today that its native token, AUDT, will be supported on BitMart, a global cryptocurrency exchange on Thursday 7 April 10:00 UTC. By making AUDT available to BitMart’s 9 million users globally, the support is expected to increase the liquidity of AUDT, making the Auditchain Protocol more accessible to early adopters ahead of its official launch on 8 June at the Digital Accountancy Show — Powered by Auditchain. [AUDT](https://docs.auditchain.finance/auditchain-protocol/audt-token) is the staking, settlement and governance utility on the [Auditchain](https://auditchain.finance/) Protocol with a supply cap determined through governance by the community of AUDT HODLers. AUDT is needed to fulfil staking requirements for [Pacioli Node](https://docs.auditchain.finance/auditchain-protocol/pacioli-logic-and-rules-engine) operators which perform financial statement and [Process Control NFT](https://auditchain.com/auditchain-to-use-nfts-for-accounting-and-disclosure-controls/) validation. Auditchain is a decentralized protocol that enables reporting entities to automatically validate whether their financial reports are accurate, complete and comply with regulatory and financial reporting standards. It leverages XBRL (eXtensible Business Reporting Language), the global standard syntax for reporting machine-readable financial and business information originally championed by Auditchain product manager Charles Hoffman, CPA. AUDT is also used to settle the allocation of royalties between creators and validators of Process Control [NFTs](https://auditchain.com/auditchain-to-use-nfts-for-accounting-and-disclosure-controls/). Process Control NFTs automate accounting, financial reporting, audit and analysis processes on the Auditchain Protocol. Creators of Process Control NFTs update and extend the functionality of the platform by developing logic-based controls. ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) **About Auditchain Labs AG** [*Auditchain*](https://auditchain.finance/) *Labs AG (*[*https://auditchain.finance*](https://auditchain.finance/) *) is leading the development of the world’s first decentralized accounting, audit, financial reporting and analysis virtual machine that automates and provides proof of assurance on the world’s business and financial information. Auditchain Labs AG is a founding member of the DCARPE Alliance Association and is leading the development of the Auditchain Protocol with other members of the Alliance.* [***Discord***](https://discord.gg/JbpFqKM3EM) ***|*** [***Twitter***](https://twitter.com/auditchain) ***|*** [***Telegram***](https://t.me/Auditchain_Community) ***|*** [***LinkedIn***](https://www.linkedin.com/company/auditchain) ***|*** [***Facebook***](https://www.facebook.com/auditchain/) ***|*** [***Reddit***](https://www.reddit.com/r/Auditchain) ***|*** [***YouTube***](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ![DCARPE Alliance logo](https://auditchain.com/wp-content/uploads/2019/05/blog7a-1024x186.webp) **About DCARPE Alliance Association** *The* [*DCARPE Alliance Association*](https://dcarpe.org/) *is a global organisation consisting of members of the accounting, audit, financial reporting, legal, blockchain, investment, standard setter and regulatory community. The purpose of the Alliance is to adopt standards, provide education, drive technology innovation and promote the adoption of continuous audit and real time digital financial reporting using the Auditchain Protocol.* [***Twitter***](https://twitter.com/DCARPEAlliance) ***|*** [***Telegram***](https://t.me/DCARPE) ***|*** [***Facebook***](https://www.facebook.com/dcarpealliance) ***|*** [***LinkedIn***](https://www.linkedin.com/company/dcarpealliance) --- ## Auditchain Announces Mainnet Deployment of its Staking Contracts for its Pacioli Validating Nodes > Auditchain will deploy its Pacioli validating node staking contracts on Ethereum mainnet, enabling validators to stake AUDT tokens and participate in the n - Web page: https://auditchain.com/auditchain-announces-mainnet-deployment-of-its-staking-contracts-for-its-pacioli/ - Published: 2022-03-03 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News - Tags: Accounting, Audt, Cryptocurrency, Nft, Staking ### Auditchain will deploy its Pacioli validating node staking contracts to Polygon Mainnet on 7 March, 2022 as it prepares to decentralize the $600 Billion global accounting, assurance and reporting services industry. **ZUG, SWITZERLAND — 1, March, 2022 —** Auditchain Labs AG, ([https://auditchain.finance](https://auditchain.finance/)) the developer of the world’s first decentralized accounting, financial reporting, audit, and analysis virtual machine for assurance and disclosure, today announced that it has deployed the early enrollment Pacioli validating node staking contracts on 7 March, 2022 at 16:00 UTC. The [staking contracts](https://docs.auditchain.finance/staking-rewards-1/staking-rewards) are designed to fulfill the staking requirements for [Pacioli](https://docs.auditchain.finance/auditchain-protocol/pacioli-logic-and-rules-engine) validating nodes upon deployment. Holders of AUDT, which include accountants, will become validators and delegate AUDT to Pacioli node operators on the Auditchain Protocol. The Auditchain Protocol will officially launch at the [Digital Accountancy Show Powered by Auditchain](https://auditchain.com/auditchain-enters-into-partnership-with-digital-accountancy-media-limited/) on 8 June, 2022 at Tottenham Hotspur Stadium in London. **Pacioli Logic Engine** Pacioli is the Web3 logic and reasoning engine on the Auditchain Protocol that computes the output of the valid state of each economic entity based on its financial reporting style within a financial reporting scheme. The Pacioli client is a critical component of the Auditchain Protocol which raises the integrity and reliability of the world’s business and financial information. The staking contracts allow anyone holding AUDT to delegate AUDT and earn income by “backing” Pacioli node operators and participating in the new Web3 financial reporting and assurance economy. The Pacioli agent, a node.js application integrated with the Pacioli logic engine is designed to equip Pacioli node operators with the ability to race to compete to fulfill validation service requests, and reach consensus on the validation of XBRL based financial reports on the Auditchain Protocol and earn rewards. [Jason Meyers](https://auditchain.finance/team/jason-meyers), Lead Architect stated; *“The introduction of a decentralized XBRL based report model validation marks a new epoch in the annals of financial reporting by incentivizing many actors on the network to come to consensus on US GAAP and IFRS compliance by reporting entities. Meyers further stated; “The ability for investors to aggregate data and immediately determine if an “as filed” financial statement is reliable is a critical phase in the rollout of the Auditchain Protocol”.* The Auditchain Protocol utilizes delegated staking for the following critical roles: - Analysis of “as filed” XBRL based financial reports. - Validation of XBRL based financial models and financial statements prior to publishing and/or filing with regulators. - As audit tools for auditors involved in the audit of XBRL based financial statements under the new [CEAOB guidance](https://ec.europa.eu/info/sites/default/files/business_economy_euro/banking_and_finance/documents/191128-ceaob-guidelines-auditors-involvement-financial-statements_en.pdf). - Validation of and “Proof of Assurance” on [Process Control NFTs](https://auditchain.com/auditchain-to-use-nfts-for-accounting-and-disclosure-controls/) that automate accounting, reporting, audit and analysis processes. Each validating node requires a minimum of 5,000 AUDT to run. A minimum of 500 AUDT must be delegated in the [early enrollment staking contracts](https://docs.auditchain.finance/staking-rewards-1/staking-rewards). Documentation for the staking contracts will be published under the following URL: [https://docs.auditchain.finance/staking-rewards-1/staking-rewards](https://docs.auditchain.finance/staking-rewards-1/staking-rewards) ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) About Auditchain Labs AG [*Auditchain*](https://auditchain.finance/) *Labs AG (*[*https://auditchain.finance*](https://auditchain.finance/) *) is leading the development of the world’s first decentralized accounting, audit, financial reporting and analysis virtual machine that automates and provides proof of assurance on the world’s business and financial information. Auditchain Labs AG is a founding member of the DCARPE Alliance Association and is leading the development of the Auditchain Protocol with other members of the Alliance.* [***Discord***](https://discord.gg/JbpFqKM3EM) ***|*** [***Twitter***](https://twitter.com/auditchain) ***|*** [***Telegram***](https://t.me/Auditchain_Community) ***|*** [***LinkedIn***](https://www.linkedin.com/company/auditchain) ***|*** [***Facebook***](https://www.facebook.com/auditchain/) ***|*** [***Reddit***](https://www.reddit.com/r/Auditchain) ***|*** [***YouTube***](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ![DCARPE Alliance logo](https://auditchain.com/wp-content/uploads/2019/05/blog7a-1024x186.webp) ### About DCARPE Alliance Association *The* [*DCARPE Alliance Association*](https://dcarpe.org/) *is a global organisation consisting of members of the accounting, audit, financial reporting, legal, blockchain, investment, standard setter and regulatory community. The purpose of the Alliance is to adopt standards, provide education, drive technology innovation and promote the adoption of continuous audit and real time digital financial reporting using the Auditchain Protocol.* [***Twitter***](https://twitter.com/DCARPEAlliance) ***|*** [***Telegram***](https://t.me/DCARPE) ***|*** [***Facebook***](https://www.facebook.com/dcarpealliance) ***|*** [***LinkedIn***](https://www.linkedin.com/company/dcarpealliance) --- ## Auditchain Enters into Partnership with Digital Accountancy Media Limited > Auditchain has entered into a partnership with Digital Accountancy Media Limited, expanding its presence in the global accounting and financial reporting c - Web page: https://auditchain.com/auditchain-enters-into-partnership-with-digital-accountancy-media-limited/ - Published: 2022-01-24 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News **Auditchain has entered into a Partnership with Digital Accountancy Media Limited, the organizer of an annual accounting and technology conference. The Digital Accountancy Show “Powered by Auditchain” will be held on 8 June 2022 at Tottenham Hotspur Stadium.** **ZUG, SWITZERLAND — January 25, 2022 —** Auditchain Labs AG, ([https://auditchain.finance](https://auditchain.finance/)) the developer of the world’s first decentralized accounting, financial reporting, audit, and analysis virtual machine for assurance and disclosure, today announced that it has partnered with Digital Accountancy Media Limited. The Digital Accountancy Show Powered by Auditchain 2022 will be an in person event held in North London at the world famous Tottenham Hotspur Stadium. The event brings together 5,000 of the world’s most innovative accountants and exhibitors. **REGISTER NOW** to attend the event. The [Auditchain Protocol](https://docs.auditchain.finance/) mainnet launch will take place **LIVE** at the Digital Accountancy Show Powered by Auditchain! “It’s the perfect event to kick off the transformation of the £500 Billion accounting and assurance services profession”, says [Jason Meyers](https://auditchain.finance/team/jason-meyers), Inventor and Lead Architect”. Accountants, auditors, financial analysts, investors, regulators and other financial services professionals should mark their calendars for the 8th of June 2022. They are encouraged to come to the Tottenham Hotspur Stadium to meet some of the brightest minds in the profession and witness the technologies which will dramatically change the future of the accountancy landscape. Auditchain Lead Architect and Inventor [Jason Meyers](https://www.linkedin.com/in/jason-meyers-nyc/) will be giving a keynote presentation to kick off the launch of the world’s first decentralized protocol for assurance and disclosure. The Auditchain Team will also be present to support the event. Additional fireside chats and panel discussions will also be held. Attendees will have the first hand opportunity to experience the commercial launch of the Auditchain Protocol. Witness how accountants and professionals will participate on the Protocol as Pacioli Node operators, earn royalties by creating Process Control NFTs and transform their careers. Actors on the Auditchain Protocol are rewarded in the form of AUDT, the staking, settlement and governance token on the Auditchain Protocol. Auditchain views the partnership with the Digital Accountancy Show as a strategic step to prepare its community of 5000+ accountants with the skills to assume a role on the Auditchain Protocol and transform their careers. This new set of skills will be needed on the Auditchain Protocol to enable accountants, auditors and professionals to move from performing manual labor for hourly fees to creating and owning [Process Control NFTs](https://auditchain.com/auditchain-to-use-nfts-for-accounting-and-disclosure-controls/) that are used on the Protocol that automate accounting, audit, financial reporting and analysis processes. They will create and own portfolios of Process Control NFTs that generate income each time they are used. We firmly believe that forward looking accountants embracing change will not be relegated to the sidelines. The future of work is to empower accountants to monetize their individuality and we could not be more proud to start this journey with you all. Those interested in early participation as Pacioli Node Operators should submit an application [**here**](https://dcarpe.org/join) to join the [**DCARPE Alliance Association**](https://dcarpe.org/). You will become a member and participate in the launch, adoption and governance of the Auditchain Protocol. Join us on the journey to the future of assurance and disclosure by registering for The Digital Accountancy Show Powered by Auditchain and witness history on the 8th June 2022. **Registration Details** **REGISTER NOW** at the Digital Accountancy Show website, and book your spot ASAP. (Bookings are limited). The event is CPD verified to ensure your professional and practice development. *(Note that the event is free for accountants and bookkeepers that work in practice and￡299 + VAT for non accountants.)* ![Auditchain logo](https://auditchain.com/wp-content/uploads/2019/05/blog6-1024x340.webp) ### About Auditchain Labs AG [*Auditchain*](https://auditchain.finance/) *Labs AG (*[*https://auditchain.finance*](https://auditchain.finance/) *) is leading the development of the world’s first decentralized accounting, audit, financial reporting and analysis virtual machine that automates and provides proof of assurance on the world’s business and financial information. Auditchain Labs AG is a founding member of the DCARPE Alliance Association and is leading the development of the Auditchain Protocol with other members of the Alliance.* [***Discord***](https://discord.gg/JbpFqKM3EM) ***|*** [***Twitter***](https://twitter.com/auditchain) ***|*** [***Telegram***](https://t.me/Auditchain_Community) ***|*** [***LinkedIn***](https://www.linkedin.com/company/auditchain) ***|*** [***Facebook***](https://www.facebook.com/auditchain/) ***|*** [***Reddit***](https://www.reddit.com/r/Auditchain) ***|*** [***YouTube***](https://www.youtube.com/channel/UC7NlWkYBlsPRZ26e8e2-yKw) ![DCARPE Alliance logo](https://auditchain.com/wp-content/uploads/2019/05/blog7a-1024x186.webp) ### About DCARPE Alliance Association *The* [*DCARPE Alliance Association*](https://dcarpe.org/) *is a global organisation consisting of members of the accounting, audit, financial reporting, legal, blockchain, investment, standard setter and regulatory community. The purpose of the Alliance is to adopt standards, provide education, drive technology innovation and promote the adoption of continuous audit and real time digital financial reporting using the Auditchain Protocol.* [***Twitter***](https://twitter.com/DCARPEAlliance) ***|*** [***Telegram***](https://t.me/DCARPE) ***|*** [***Facebook***](https://www.facebook.com/dcarpealliance) ***|*** [***LinkedIn***](https://www.linkedin.com/company/dcarpealliance) ![Digital Accountancy Show, powered by Auditchain](https://auditchain.com/wp-content/uploads/2022/01/blog23a-1024x768.webp) ### About Digital Accountancy Media Limited [Digital Accountancy](https://digitalaccountancy.com/) is a content, community and training platform for the world’s most innovative and forward-thinking accountants. It delivers content, training and a community that can help accountants deliver outstanding support to their clients, generate higher value fees through advisory and stay up to date with the latest technology innovations and developments. [***Twitter***](https://twitter.com/ShowAccountancy) | [***LinkedI***](https://www.linkedin.com/company/digital-accountancy-show/)***n*** | [***Youtube***](https://www.youtube.com/channel/UC0p6D_ihagTw6dcDuHjZ4RQ/videos) | [***Facebook***](https://www.facebook.com/Digital-Accountancy-Community-110467980499107) --- ## Control Freaks > In life, being a control freak is a bug. On the Auditchain Protocol, it's a feature. Internal controls are the backbone of financial integrity, and Auditch - Web page: https://auditchain.com/control-freaks/ - Published: 2021-05-12 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News - Tags: Accountant, Audt, Crypto, Defi, Nft ### In life, being a control freak is a bug. On the Auditchain Protocol, it’s a feature. As the old saying goes, “garbage in, garbage out”. So how do you constrain the structure and integrity of accounting information in a continuous environment? Immutability of data and precise declarative controls. The more controls you have, the more precise the constraints are. Think of financial reporting from a computer science perspective. It is a frequent series of state transitions. A minimum of 7 categories of standardized controls over financial reporting and the [Auditchain Protocol](https://auditchain.finance/) are needed for an immutable declarative logical system with external validation. One standard setter in the financial reporting space believes there are more than 60,000 possible controls that can be developed across all reporting styles just for the US GAAP reporting scheme alone. Most reporting entities use less than 500 controls across all 7 categories of controls. When you consider all global financial reporting schemes, the potential number increases by orders of magnitude. You can understand all this by starting at the top. Here is a dashboard example of reports filed with the SEC under the IFRS reporting scheme. ![Dashboard prototype listing IFRS reports submitted to the SEC, with validation results for each report](https://auditchain.com/wp-content/uploads/2021/05/blog12a.webp) All 7 of the categories of the controls in the columns are the absolute minimum of what is needed. Nothing can be left out. If you leave any control or category of controls out and cross your fingers you could luck out, but ignorance of information (because you are not measuring it) or “hopium” does not serve the interests of investors. Our research work reveals that the quality of most of the reports filed with regulators illustrate a lack of precision. A lack of precision means a lack of controls. The controls used by reporting entities today are not immutable. But we are changing all that. In an automated accounting, financial reporting, audit, and analysis environment, you MUST have controls over all the moving pieces. There are many. Today, vast amounts of resources are expended by humans to control these processes. Processes were not automatable because they were not machine readable. Today the controls cannot be trusted because they are not immutable. But, because the reported information is machine readable, you CAN automate tasks/processes. But you need immutable and precise declarative machine-readable controls to substantially reduce vectors. There is ZERO tolerance for error across the accounting, reporting, audit, and analysis information supply chain. Your financial future depends on it. Here is a simple looking but rather sophisticated financial state presentation. [http://accounting.auditchain.finance/reporting-scheme/ifrs-full/reference-implementation/evidence-package/contents/RenderingSummary.html](http://accounting.auditchain.finance/reporting-scheme/ifrs-full/reference-implementation/evidence-package/contents/RenderingSummary.html) Make no mistake, this is not a report. It is a declarative logical system of knowledge graphs and subgraphs. Immutable controls provide the precision in a continuous accounting, reporting, auditing, and analysis ecosystem. Stay tuned to hear what we do next. **About Auditchain:** Auditchain is a decentralized accounting, reporting, audit and analysis virtual machine that automates and provides proof of assurance on the world’s financial information. --- ## The Boogeyman Behind the Failure to Detect Fraud? > Auditors are supposed to be the most conservative professionals in the financial ecosystem. Yet fraud continues to slip through. This article examines the - Web page: https://auditchain.com/the-boogeyman-behind-the-failure-to-detect-fraud/ - Published: 2020-09-15 - Updated: 2026-05-01 - Author: Auditchain Labs AG - Publisher: Auditchain Labs AG - Topics: News - Tags: Accounting, Audit, Blockchain, Defi, Fraud Auditors are supposed be the most conservative form of humanity on earth. For the most part, members of audit teams are. They are organized, tactful, punctual and thorough, well…sort of. Audit standards, on the other hand are broad and roomy. Professional judgment is applied during audits which poses risks for investors and regulators who rely on audit results. Audit managers are charged (by audit partners) to determine if an anomaly is an anomaly or something bigger. If professional judgment warrants further investigation, the audit team digs deeper than the customary statistical sampling of accounts and transactions. But only a little… If you dig a six foot hole, you might find two bodies. If you dig a little deeper, you might find forty more. The discovery of even the suspicion of fraud is enough to convene a meeting of the risk committee to discuss the prospect of how to proceed carefully in completing the audit in an ethical manner without digging the wrong hole and without subjecting the firm to financial and/or reputational liability. Risk will communicate its position to the partners committee. A dominating topic of the discussion among partners also involves withdrawing from the engagement and losing a valuable client. Audit partners have capital accounts built up over years of service to the firm. How do they minimize risk? The partner who covers the engagement is often asked questions about how well they know the management and if the partner ever questioned management’s integrity. Sometimes, the discovery of questionable personal information related to a control person at the client between periods can lead to conflict or even a withdrawal. For example, if the controller or CFO becomes the subject of any litigation during the year, this can cause the risk committee to recommend withdrawal of all audit opinions and termination of the engagement. **Call the lawyers** The other topic usually raised is the malpractice policy. Audit malpractice insurance is expensive and represents a large expense for the firm. Like most insurance companies, policies are rarely renewed after a storm and in the audit profession, there aren’t many alternatives when looking for a new underwriter. Counsel is summoned to review the policy. This is an expensive review and an even more expensive legal assessment. For a small to medium sized firm, can be cost prohibitive. Counsel will ask the firm how valuable the client is. Is it worth it to proceed at the prospect of peril? What about large accounting firms? What’s the cost of doing business? Faced with the prospect of a withdrawal from a lucrative engagement, the auditor makes a difficult decision. How far do we dig and in what direction? The decision to proceed is wrought with mine fields. A withdrawal could mean financial difficulty for a smaller firm. These decisions represent serious conflicts of interests when the outcome is weighed with financial gain. Large firms can afford to proceed and take risks. They are layered with separation of duties, committees and compartmentalization which can act as exculpatory mechanisms during liability discovery and assessment. **Professional Negligence** The suspicion of fraud can lead to a disagreement between the client and the auditor. The disagreement is detailed in a report and is transmitted to the client. The client can respond and remediation can be proposed by the client. Auditor Independence hangs in a delicate balance when a remediation is discussed. What if a private discussion leads to a private resolution? For publicly traded companies whose securities are subject to tight disclosure regulation, a disagreement should be filed with the regulator which becomes public information in most jurisdictions. Disagreements, assuming they are reconcilable, are resolved between large complex enterprises and large accounting firms but this is a whole different topic altogether. The largest accounting firms often have a long standing history of reappointment for annual and quarterly audits. After all, there are only four of them. Reappointments are by proxy at the annual shareholders meeting and the proxies are like congressional or parliamentary legislature; stuffed with many other considerations on the agenda. If an auditor digs too deep and finds the wrong evidence, they must file a disagreement and resign as the auditor. They stand to not only lose the client but also run the risk of being viewed as a bloodhound and not a watchdog. At least they get to keep the malpractice policy. If they don’t dig deep enough, it can be proven that the auditor was negligent in its professional duties. See [FDIC vs. PwC](https://www.marketwatch.com/story/fdic-win-against-pwc-could-finally-force-auditors-to-look-for-fraud-2018-01-04?mod=article_inline). We all seem to work for the insurance companies. Auditors are especially susceptible to the temptation of arbitraging audit malpractice risk but at what cost? In the end, its always the investors who lose. It’s the employees who must file for unemployment. It’s the taxpayers who foot the bill when it all goes wrong. It’s the average person who’s fiat currency is debased when central banks print money to bail out the materialization of systemic risk. **About Auditchain:** Auditchain is the founding member of the DCARPE Alliance Association and is leading the development of the world’s first Decentralized Continuous Audit & Reporting Protocol Ecosystem for digital asset and enterprise assurance and disclosure. Auditchain is developing a layer 2 public blockchain ecosystem populated with CPAs and Chartered Accountants who externally validate enterprise system and controls and financial condition on a continuous basis and in near real time. The DCARPE Explorer is a subscription based public block explorer that renders financial statements and audit analytics in real time to subscribers. --- ## Guido Schmitz Krummacher > Guido Schmitz-Krummacher is President of the Board at Auditchain Labs AG. He is a Crypto Valley veteran and board member of Bancor and Lisk. - Web page: https://auditchain.com/team/guido-schmitz-krummacher/ - Role: President of the Board - Organisation: Auditchain Labs AG - LinkedIn: https://www.linkedin.com/in/guidos1/ Guido Schmitz-Krummacher serves as president of the board of Auditchain Labs. Guido is a Crypto Valley veteran. He is currently a board member of Bancor, Lisk, Liquidapps, Collider AG and Bank ten31. He previously served on the board of Shape Shift, Cardano, Wings, Golem, Nimiq, Interchain, Tezos, Particl Foundation and several others. Guido is educated as a lawyer (International law, corporate law, economist) and a certified Swiss Board Member. His passion is to serve the Blockchain Ecosystem with innovative approaches and solutions to complex problems. --- ## Thomas Egan, CPA > Thomas Egan, CPA is a member of the board and Chair of the Audit Committee for Auditchain Labs AG. Tom was formerly Vice-Chair of the IASB Taxonomy Committee former Deloitte Technical Accounting Director, and Audit Advisor at Standard Chartered. - Web page: https://auditchain.com/team/thomas-egan-cpa/ - Role: Board Member - Organisation: Auditchain Labs AG - LinkedIn: https://www.linkedin.com/in/thomas-egan-281846a9/ Thomas Egan is a member of the Board of Directors of Auditchain Labs and Chairman of the Audit Committee. Tom served as the Industry Accounting Technical Expert at the International Air Transport Association in Geneva, Switzerland. He previously was the Global Head of Accounting Advisory at Standard Chartered and Technical Accounting Director at Deloitte where he focused on IFRS and US GAAP. He is the former Vice-Chair of the IASB’s Taxonomy Consultative Group and has been actively involved in XBRL for over 20 years. Tom has served on several global forums and committees on financial reporting. He is a licensed CPA in the US, and is a member of ACCA, CPA Australia and ISCA (Singapore). Tom holds a bachelor’s degree in accounting from Marquette University, a master’s degree in accounting, information systems and international business from the University of Wisconsin – Madison and a postgraduate diploma in strategic finance from the University of Oxford. --- ## David Blaszkowsky > David Blaszkowsky is Head of Strategic Policy and Planning for Auditchain Labs AG. David founded the US Securities & Exchange Commission’s Office of Interactive Disclosure, co-founded the US Office of Financial Research at US Treasury and co-created the Legal Entity Identifier standard. - Web page: https://auditchain.com/team/david-blaszkowsky/ - Organisation: Auditchain Labs AG - LinkedIn: https://www.linkedin.com/in/davidblaszkowsky/ David is the head of Strategic Policy and Planning for Auditchain Labs AG. David is a recognized expert on financial sector data, standards, and strategy. David was the founding Director of the US Securities & Exchange Commission’s Office of Interactive Disclosure in 2007, where he initiated and ran the SEC’s pioneering development, enactment, and implementation of XBRL as the standard for financial reporting for United States companies. He engaged with dozens of jurisdictions, including the EU to develop their own digital reporting regimes. At the SEC Office of Financial Research, David was involved in some of the earliest evaluations of crypto currencies and blockchain. David helped stand up the US’ first financial data agency, the Office of Financial Research at the US Treasury and led the creation of other critical financial sector standards, including the Legal Entity Identifier (ISO 17442), and chaired the US Financial Sector Oversight Committee’s Data Committee. Mr. Blaszkowsky also has deep experience as a strategist, having served at McKinsey & Co., Gemini, and PwC. David served as Director, FinTech and Innovation at the Division of Banks, Commonwealth of Massachusetts. He also served as the data strategy and governance executive in publishing at McGraw-Hill and S&P as well as similar roles at State Street., and has been involved with industry consortia. David holds a BA in economics from the University of Chicago, an MBA from Northwestern University. --- ## Jason Meyers > Jason Meyers is the creator of Pacioli.ai and Lead Architect at Auditchain Labs AG. Jason has over 30 years of investment banking experience. - Web page: https://auditchain.com/team/jason-meyers/ - Role: Lead Architect - Organisation: Auditchain Labs AG - LinkedIn: https://www.linkedin.com/in/jason-meyers-nyc/ ### Lead Architect Jason Meyers is the lead architect and the inventor of [Pacioli.ai](https://pacioli.ai). Jason has broad based investment banking and venture capital experience. Having served for 30 years on the sell side, buy side and the issuer side, Jason brings a significant amount of real-world use case and business experience to the Blockchain space. Jason led hundreds of initial public offerings, secondary offerings, and private placements in a broad range of industries including biotech and healthcare, technology, software and financial services. He took public Alexion Pharmaceuticals which was acquired by AstraZeneca for $40 billion, Medarex, Inc which was acquired by Bristol Myers for $2.5 billion, VCA which was acquired by Mars, Inc. for $9 billion and many others. Jason founded ICM Capital Markets Ltd., one of the first FinTech investment banks in 2008. He built the world’s first regulatory compliant multi-jurisdictional automated equity compensation plan administration infrastructure platform. His clients included Facebook, Kayak, Steve Madden, Rowan Cos and SIMS Metal Management. Jason also built one of the first automated quantitative XBRL based fundamental research platforms which provided actionable research on over 11,000 public companies around the world. Jason has chaired audit committees for private and public companies. His experience lends a substantial amount of insight into the architecture of Auditchain. Jason began incubating [Pacioli.ai](https://pacioli.ai) in April 2017 after a long and extensive observation of what he believed to be significant deficiencies in traditional audit standards and financial reporting practices. Jason believed that the field of accounting, audit and financial reporting was ripe for disruption when he first read Ian Grigg’s theory of triple entry accounting. Jason spends a significant amount of his time examining the complexities, dislocations and time lag between transaction occurrence, recording, treatment and reporting. His findings led him to the preliminary conclusion that current regulatory disclosure frameworks are not sufficient for digital assets. His work is shaping the architecture of solutions that he believes will lead to new standards of transparency and frequency of reporting in the field of accounting, audit and disclosure. --- ## Charlie Hoffman, CPA > Charles Hoffman is the "Godfather" of XBRL. He is the recipient of the AICPA Special Recognition Award 2006 and Author of XBRL for Dummies. - Web page: https://auditchain.com/team/charles-hoffman-cpa/ - Role: Product Manager - Organisation: Auditchain Labs AG - LinkedIn: https://www.linkedin.com/in/charleshoffmancpa/ Charles Hoffman is a CPA and a former auditor. He is a product manager and lead architect of the financial reporting rules engine and financial model validation engine products for Auditchain Labs AG. Charlie is widely considered the “Godfather of xBRL” (eXtensible Business Reporting Language). Charlie received the AICPA’s 2006 Special Recognition Award at the Institute’s National Conference on Current SEC and PCAOB Developments in Washington, D.C. The award recognized Charlie’s contributions to the development of XBRL, a global standard for the communication of business information. Charlie conceived the idea of using XML to structure financial statements and with developing the initial XBRL prototype. He was formerly the director of innovative solutions at UBmatrix, a software company based in Kirkland, Wash. He has since consulted for and architected digital financial reporting systems for a significant number of the digital financial reporting software vendors in the world. Charlie, a member of the American Institute of Certified Public Accountants (AICPA), brought the idea of what was to become XBRL to the AICPA. Charlie is author of the books XBRL for Dummies, XBRL Essentials (a non-technical guide to XBRL), and Financial Reporting Using XBRL: IFRS and US GAAP Edition (a comprehensive guide to using XBRL in financial reporting). He was co-editor of the first XBRL taxonomy. He played a major role in creating the taxonomy for financial reporting under International Financial Reporting Standards (IFRS). He participated on the project to create the US GAAP Taxonomy and the US GAAP Taxonomy Architecture. He was a member of both the XBRL Specification and Domain Working Groups as XBRL 2.1 was being created. Charlie is co-author of the “Financial Reporting Taxonomies Architecture” (FRTA) 1.0 specification, the “Financial Reporting Instance Standards” and a significant contributor to the XBRL 2.1 specification. Prior to his involvement with XBRL, Charlie served as an auditor for what was then Price Waterhouse, as financial officer for a number of companies, and as an accounting software implementation consultant. In 1997, Charlie was the recipient of the AICPA Innovative User of Technology award. He was named by Accounting Technology as one of the one hundred most influential people in the accounting profession. Charlie is a graduate of Pacific Lutheran University (PLU) with both a BA in Business Administration with a concentration in accounting and an MBA with a focus on management information systems and world class manufacturing techniques. He received the Distinguished Alumnus Award from PLU in 2007. --- ## Fuad Begic > Fuad Begic is Lead Engineer at Auditchain Labs AG and creator of Areport, an open-source XBRL application. Over 15 years of experience in SupTech and regulatory data systems. - Web page: https://auditchain.com/team/fuad-begic/ - Role: Lead Engineer - Organisation: Auditchain Labs AG - LinkedIn: https://www.linkedin.com/in/fuad-begic-89a022135/ Fuad is a software architect and full stack developer for Auditchain Labs AG. His experience is based on SupTech system for data collection, risk-based supervision, validation and analysis of regulatory and statistical data. Since of 2010 he works on versus applications for collecting data from financial organizations, mostly in RegTech industry, which implies building applications for monitoring and supervisory reporting. As a head of team for Regulatory institution he developed comprehensive information system for data collections and efficient supervisory reporting mostly for financial entities. He also developed the tool which identifies and monitoring the risks which include the modul for Supervisory Review and Evaluation Process known as SREP. He found the Areport, the first open-source web application which allows you to create an XBRL instance based on XBRL taxonomy which is created by DPM ISO model. --- ## Bob McElrath PhD. > Bob McElrath, PhD, is a CERN-trained theoretical physicist, former lead wallet architect at Fidelity Digital Assets, and applied cryptography advisor at Auditchain Labs AG. - Web page: https://auditchain.com/team/bob-mcelrath-phd/ - Role: Applied Cryptography - Full Stack Engineer - Organisation: Auditchain Labs AG - LinkedIn: https://www.linkedin.com/in/bobmcelrath/ Bob serves in the capacity of applied cryptography for Auditchain Labs AG. Bob is a theoretical physicist having worked at CERN and authored over 30 papers on particle physics. He ran the BitDevs Whitepaper Wednesday meetup in New York City for several years which focused on the examination of cryptography papers. Bob began working on Bitcoin in 2011. From 2015 to 2017 he served as the CTO of SolideX, the first company to file with the SEC for a spot Bitcoin ETF. From 2017 until 2020 he was the lead wallet architect for Fidelity Digital Assets as well as a member of their FCAT research lab. Bob has performed software development for a number of companies in the space including Custodia Bank. --- ## Miguel Calejo, PhD > Miguel Calejo, PhD, is a Full Stack Engineer at Auditchain Labs AG, contributing deep technical and research expertise to the Pacioli.ai disclosure infrastructure. - Web page: https://auditchain.com/team/miguel-calejo-phd/ - Role: Full Stack Engineer - Organisation: Auditchain Labs AG - LinkedIn: https://www.linkedin.com/in/miguelcalejo/ Miguel is a lead engineer and is the developer of the Company’s digital financial reporting rules processing and validation products. Miguel runs InterProlog Consulting (interprolog.com), which is dedicated to the application of artificial intelligence tools to real world problems, serving customers in the USA and UK. He’s also CTO and co-founder of the upcoming startup Logical contracts (logicalcontracts.com). Over the years he has developed a number of applications, user interface generators and logic programming environment tools. Miguel has a degree in Electrical Engineering from University of Porto and a PhD in Computer Science/AI from New University of Lisbon, with a thesis on declarative logic program debugging. Miguel received the IBM Portugal Prize in 1990 and the Microsoft portugal/web 3rd prize 2000. Miguel founded Servisoft (www.servisoft.pt, a distributor of computer products, Declarativa, a consultancy and software development company, BookMARC (software for libraries), Coherent Knowledge Systems coherentknowledge.com, USA, for advanced AI tools and Renting Point www.rentingpoint.pt, portal for B2B and B2C renting. Miguel has taught Java and web development at Universidade Portucalense and Universidade do Minho, north Portugal. He served as President of the Portuguese AI Association, 2012-2015 (appia.pt) and is a member of the ISO/IEC JTC1/SC22/WG17 (Prolog standardization) group. --- ## Jacinto Dávila, PhD > Jacinto Dávila, PhD, is a Full Stack Engineer at Auditchain Labs AG, contributing advanced research and engineering expertise to the company's AI disclosure infrastructure. - Web page: https://auditchain.com/team/jacinto-davila-phd/ - Role: Full Stack Engineer - Organisation: Auditchain Labs AG - LinkedIn: https://www.linkedin.com/in/jacintodavila/ Jacinto is a senior knowledge engineer and a full stack developer for Auditchain Labs AG. He is also involved in the design and development of the upcoming startup Logical Contracts (logicalcontracts.com)’s MVP: Logical English. Jacinto has a degree in System Engineering from University of Los Andes and a PhD in Logic and AI from Imperial College, London, with a thesis on Agents in Logic Programming. He is also a retired tenure from University of Los Andes, Venezuela. --- ## Bogdan Fiedur > Bogdan Fiedur is a Full Stack Engineer at Auditchain Labs AG, building the technical infrastructure behind Pacioli.ai and the regulatory disclosure platform. - Web page: https://auditchain.com/team/bogdan-fiedur/ - Role: Full Stack Engineer - Organisation: Auditchain Labs AG - LinkedIn: https://www.linkedin.com/in/bogdanfiedur/ Bogdan is a full stack developer and entrepreneur. Bogdan is the lead Ethereum engineer for Auditchain Labs AG. Since the beginning of 2016 he has been engaged in “Smart Contract” design and implementation for Ethereum, using Solidity. He is knowledgeable in all aspects of e-commerce development, back-end and front-end. Bogdan is experienced in configuring and operating network environments. He has supervised teams of developers, preparing technical design documents, preparing testing plans and integrating existing applications with newer technologies. He brings with him over 25 years of software engineering experience. --- ## Jonathan Mohan > Jonathan Mohan is an Advisor at Auditchain Labs AG. Founding contributor to Ethereum, ConsenSys, and Factom — a pioneering voice in blockchain and Web3 infrastructure. - Web page: https://auditchain.com/team/jonathan-mohan/ - Role: Advisor - Organisation: Auditchain Labs AG - LinkedIn: https://www.linkedin.com/in/jonathanmohan/ Jonathan has been an adviser to the project since its inception. Jonathan is an expert in the field of Blockchain and Distributed Ledger Technology use case analysis. He has acted in the capacity of strategic planning and development for many projects. Jonathan was a founding contributor to Ethereum in January 2014. He was also an original contributing member of ConsensYs, an Ethereum development studio as well as an original contributing member to Factom and EOS. Jonathan leads BitcoinNYC, one of the largest Blockchain meetups in New York City. --- ## Graham Gal PhD > Graham Gal, PhD, is an Advisor at Auditchain Labs AG. Professor of AIS at UMass Isenberg School of Management and an expert in internal controls and XBRL. - Web page: https://auditchain.com/team/graham-gal-phd/ - Role: Advisor - Organisation: Auditchain Labs AG - LinkedIn: https://www.linkedin.com/in/graham-gal-5392912a/ Dr. Graham Gal is an advisor to the Project. Dr Gal is an Associate Professor of Business Administration at the Isenberg School of Management in the Department of Accounting. Currently he is on the editorial board for the Journal of Information Systems, the Journal of Forensic and Investigative Accounting, and The International Journal of Auditing Technology. He has served as editor for special issues on cybersecurity and cloud computing. Previously he served as the associate editor for design science for the Journal of Emerging Technologies. His research interests include business ontologies, specification of internal controls, continuous monitoring, continuous reporting, organizational security policies, corporate social responsibility impact on financial performance, and controls for sustainability reporting. Dr. Gal has recently been a speaker at the BITS 2019 Technology Conference in Nanjing, China, the workshop of Value Modeling and Business Ontologies at Stockholm University, the International Conference on Governance, Fraud, Ethics, and Social Responsibility Trakya University, and at MODAV in Istanbul. He has presented his work as a visiting scholar at University of Ghent, St. Louis Université in Brussels, Chuo University in Tokyo, the University Of Sao Paulo, Trento University, Free University of Amsterdam, Rutgers University, as a panelist on cybersecurity at the University of Waterloo’s conference on information assurance, and at the Accounting Blockchain Coalition’s meetings. His work has been published in a number of journals including; Accounting Organizations and Society, Journal of Emerging Technologies in Accounting, Decision Sciences, Sustainability Account, Management, and Policy Journal, Expert Systems Review, Expert Systems, Journal of Information Systems, The Information Systems Control Journal, Advances in Accounting Information Systems. The International Journal of Accounting Information Systems, the International Journal of Accounting and Information Management, and the Journal of Management Control. --- ## Nick Page > Nick Page is an Advisor at Auditchain Labs AG. Former PwC Partner and Council Member of the ICAEW Sustainability Committee, bringing deep accounting and sustainability expertise. - Web page: https://auditchain.com/team/nick-page/ - Role: Advisor - Organisation: Auditchain Labs AG - LinkedIn: https://www.linkedin.com/in/nick-page-66617010/ Nick is a member of the ICAEW Council. The majority of Nick’s career was in practice with PwC as a partner in the Transaction Services business. Since leaving practice Nick has been CEO of a family office and CFO of a fintech company.