Pacioli.ai

📣 Thomas Herlihy interviews Christian Dreyer from XBRL Switzerland and Jason Meyers for a discussion about the recent announcement made by Auditchain Labs and #XBRL #Switzerland. 📣 https://lnkd.in/e3YPtZWH ⛑ We take a deeper dive into the use cases for the first machine readable tax and financial reporting infrastructure in #Switzerland. The #Swiss taxonomy will be available for 2025 #tax declarations by 19,700 accounting firms who service 607,000 Swiss entities across 27 Swiss #Cantons. 💷 🌍 Some of the topics also include the capabilities of #LucaSuite for taxonomy integration for #whitepapers under #MiCA. 🌈 This includes EFRAG reporting taxonomy element integration with #MiCA Annex I, II and III taxonomies for issuers of #crypto assets. 🌧 https://lnkd.in/eQnJN3Qy

One of the most critical elements of #MiCA is the requirement for #crypto-asset #whitepapers to be machine-readable, using structured #data formats akin to those used in traditional financial disclosures. This means that utility #token projects must overhaul their documentation to meet these new standards, a process that could be both costly and technically challenging. Pacioli.ai is offering every crypto-asset project its first white paper disclosure free of charge. https://lnkd.in/egYCzANr

#RegFi is a decentralized physical infrastructure network #DePIN focused on providing regulatory compliance verification through #decentralized validation mechanisms. It operates as a #web3 #protocol where users, including organizations or individuals requiring verification of compliance, can stake value and pay for the services they need. This is the demand side of #RegFi. On the supply side of #RegFi, those providing the verification or #validation services must also stake value to qualify as #validators that provide proof of compliance. Validators on the network use sophisticated software that automates compliance verification. #MiCA #VARA #iXBRL

Read Auditchain Labs AG and Pacioli.ai Lead Architect Jason Meyers interview in Accountant.nl magazine. Accountant.nl is a publication of the Royal Dutch Professional Organization of Accountants (NBA). Jason highlighted that “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. Auditchain Labs AG is a developer of global standards based web3 and artificial intelligence based financial and operational disclosure infrastructure for issuers of crypto assets, traditional assets and regulators. ”We are excited to tell the financial reporting profession about the Pacioli.ai solution developed by Auditchain Labs AG!”   👉 Read the full article here: https://lnkd.in/dDwUCJnf    CLICK HERE to schedule a demo: https://lnkd.in/dzr5JtKg   #Fintech #Regtech #Compliance #MiCA #VARA #PacioliAI #Auditchain #Innovation

We are proud to announce the roll out of Pacioli.ai, a #DiPIN, (decentralized physical infrastructure) crypto-asset white paper creation and AI based external validation protocol. 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 a variety of subscription levels as well as a freemium version to enable smaller teams to quickly come into compliance with #MiCA and #VARA https://lnkd.in/ewyAy63B

🚀 Today is MiCA Day! 🚀 30 June 2024 marks a significant milestone in the regulation of the crypto-asset market within the European Union. The Markets in Crypto-Assets #MiCA regulation, which aims to harmonize and streamline the regulatory landscape, officially rolls out. Key Compliance Requirements: 🔹 Crypto-Asset white papers: All crypto-asset issuers must produce and publish whitepapers that are machine-readable, ensuring transparency and accessibility. This step is crucial for enhancing investor protection and fostering trust in the crypto market. 🔹 Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF): Crypto-asset service providers, such as exchanges and custodians, are required to comply with stringent AML and CTF regulations, aligning with traditional financial institution standards. 🔹 Consumer Protection and Market Integrity: Comprehensive rules are in place to protect retail investors, ensure market integrity, and promote financial stability. This includes detailed disclosure requirements and the prohibition of misleading information. 🔹 Environmental Impact: Issuers must disclose the environmental impact of their consensus mechanisms, promoting more sustainable blockchain technologies. The Need for Machine-Readable Whitepapers: In today's digital age, it is imperative that regulatory disclosures are not only human-readable but also machine-readable. This enhances the efficiency of compliance checks and facilitates automated analysis and validation processes. MiCA mandates the use of structured data formats for whitepapers, bridging the gap between traditional financial disclosures and modern digital asset reporting. Join the Conversation: We invite all stakeholders, from crypto-asset issuers to investors and regulators, to join us in celebrating MiCA Day. Let’s embrace this new era of transparency, compliance, and innovation in the crypto-asset market. Stay compliant. Stay informed. Stay ahead. #MiCADay #CryptoRegulation #Blockchain #Fintech #Compliance #Transparency #Innovation #MachineReadable #CryptoAssets #EURegulations #iXBRL #WeAreAllPacioli

🚀 We are thrilled to announce the release of the world’s first #MiCA compliant #iXBRL white paper created with Pacioli.ai, the world's first and only #web3 crypto asset disclosure and decentralized physical infrastructure (DePIN) protocol for external validation! 🌐📄 #Pacioli.ai is described in detail in this white paper. MiCA Compliance: Ensures adherence to the latest Markets in Crypto Assets (MiCA) regulations, enhancing transparency and investor protection. iXBRL Format: Combines human-readable content with machine-readable data. Leverages the power of the Luca Suite™ and Pacioli AI Validating Nodes for automated compliance and validation. 🔍 Key Features: Luca Suite™: Simplifies the creation of compliant whitepapers, eliminating the need for expensive and complex specialized expertise. Pacioli AI Validating Nodes: Decentralized Physical Infrastructure hashtag #DePIN network ensuring full compliance and accuracy. Transparency & Trust: Enhances investor confidence and market integrity through structured, verifiable disclosures. Join us in celebrating this milestone in the crypto industry! 🎉 🔗 Dive into a new era of compliant, transparent, and efficient crypto asset disclosures with Pacioli.ai. DM us for a demo! 🌍💼 #Crypto #Blockchain #AI #ArtificialIntelligence #MiCA #VARA #Compliance #iXBRL #Innovation #Pacioli #FinTech #RegTech 🚀🔗📊 https://lnkd.in/ePAAa2mJ

New OMG Insights Article by OMG Member Auditchain Labs AG! Our forthcoming Standard Business Report Model (SBRM) specification was conceived in part to facilitate digital financial reporting, and it is already at work in a new platform for creating machine-readable crypto asset "white papers" in Inline XBRL (iXBRL) under the Markets in Crypto Assets (MiCA) regulation in the European Union (EU). Automating the digitization of white papers, which are legal documents very much like US securities registration forms, represents a significant advancement in regulatory reporting. SBRM's robust framework enhances the efficiency, accuracy, and transparency of financial reporting, benefiting each of organizations, regulators and investors. Read more: https://lnkd.in/gPyyrUVm #SBRM #standards #finance #crypto

These conversations are not only engaging but #Kenya is home to the most beautiful people on earth 🙏🏻 to their core 🙏🏻 My first visit to #Africa🌍 is more moving than the time I watched #MuhammadAli being followed through streets of Zaire by Africa’s children. I am changed forever! #WeAreAllAfrica 🇰🇪 #WeAreAllPacioli 🙏🏻 #AliBomaye Mamadou Kwidjim Toure Dr. Suren Movsisyan Nina Kilbride Mathew Munyao Ubuntu Tribe David Blaszkowsky Pete Rivett Pacioli.ai

Truly honored and humbled to participate in Africa’s premier events! We had so much fun today presenting Pacioli.ai in the Ubuntu Tribe metaverse! Looking forward to tomorrow Mamadou Kwidjim Toure #WeAreAllAfrica 🌍🇰🇪 #WeAreAllPacioli 🙏🏻