‘Big 4’ accounting firm KPMG says the lack of robust crypto custody is constituting a significant roadblock to more broad-based institutional adoption of cryptocurrencies.
As such, KPMG reports that custodial services may profit greatly if they provide adequate tools to safeguard the virtual curren..
Owning cryptocurrency is still considered a risk by institutional investors, according to a March 2 KPMG report shared with Bloomberg. The accounting firm estimated that more than $9.8 billion worth of crypto has been stolen since 2017.
The findings revealed that lax security and poorly writt..