Kriptomat is proud to announce that as of July 31st, we’ve once again successfully completed two mandatory external audits as part of a three-month project. These audits, including our Annual Financial Report Audit and Capital Requirements Audit, are critical to our ongoing operations and regulatory compliance.

The Annual Financial Report Audit ensures that our financial statements are prepared and submitted under applicable laws and accounting standards. Additionally, it confirms the accuracy and transparency of the figures we report, highlighting our commitment to maintaining the highest standards of financial integrity and openness.

The Capital Requirements Audit verifies that Kriptomat maintains sufficient capital to operate securely and sustainably. This rigorous process involving precise and ongoing monthly calculations ensures that we consistently meet or exceed the necessary capital thresholds. This further solidifies our dedication to financial stability, underscoring our role as a reliable partner in the crypto industry and safeguarding the trust our stakeholders place in us.

Completing these audits is a key milestone in reinforcing the security and reliability that our customers, partners, and stakeholders expect from us. This is a clear testament to our commitment to meeting the latest industry standards and affirms our status as a trustworthy company that operates within the bounds of all relevant regulations.

“While the audits are an important part of our regulatory obligations, it’s essential to remember that our commitment to transparency and reliability is ingrained in everything we do – long before the auditors arrive,” said Kriptomat’s management board member and CCO Viljar Kähari. “These completed audits once again show that Kriptomat is a company that takes our responsibilities to our customers, partners, and stakeholders with great seriousness. We believe in the future of crypto, and we’re here to prove that trust and compliance are fundamental to that future.”

With these audits completed, we remain focused on providing a secure, transparent, and reliable service to all our users.