What bankers, CPAs and CFOs need to know about blockchain

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The story "What bankers, CPAs and CFOs need to know about blockchain" was covered 14 hours ago by Coin Telegraph, a news publisher based in United States.

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Coin Telegraph 14h ago

What bankers, CPAs and CFOs need to know about blockchain - Coin Telegraph

Quick Summary:

Lack of understanding Maybe the biggest obstacle? A lack of understanding. A 2024 study revealed that only 13.7% of financial advisers engage with clients about cryptocurrencies despite increasing client interest and the approval of crypto exchange-traded funds (ETFs) between 2021 and 2024. Moreover, while groups like the American Institute of Certified Public Accountants (AICPA) are trying to build frameworks for blockchain compliance and auditing, there’s no standard playbook yet.

Blockchain in banking operations As of 2025, blockchain is helping streamline settlements, tighten compliance, and transform cross-border payments from a headache into a smooth operation. Here’s how:Real-time settlement and clearingMoving money between banks — especially across borders — used to be a slow, messy process.

Strong access controls, regular audits and active network monitoring are essential to protect systems and assets. Organizations also need contingency plans in place, since blockchain networks can experience outages or latency issues; having off-chain fallback procedures ensures business continuity during disruptions.