BDO could become the latest auditing firm to halt or limit services to crypto companies, based on reports from the Wall Street Journal on Dec. 16.
A report from the news publication quotes a BDO representative who stated:
In common with several other professional service firms, we are currently evaluating our approach to this sector and the work we undertake for our clients.
Those changes could force numerous cryptocurrency companies to find a new auditing service. Tether, most notably, has relied on BDO Italia to produce its monthly attestation statements since August of this year.
BDO did not explicitly state that it would drop those or other clients. However, its statement is intended to imply that possibility, as it comes just after two other auditing firms have decided to stop serving the crypto industry.
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