Connect with us

Technology

Digital Asset Risk and Regulatory Compliance Expectations for 2024

Published

7 months ago

on

NEW YORK, Feb. 15, 2024 /PRNewswire/ — Executives involved in managing digital assets like digital currencies, digital securities, and stablecoins expect digital asset risks to increase and the regulatory environment to become more complex in 2024, according to a recent Deloitte poll. Related investments at most organizations are expected to remain flat.

Looking at the next 12 months, nearly one-quarter (24.7%) of respondents believe that the number and size of digital asset risks their organizations must manage will increase. Further, 45.5% state that an increasingly complex regulatory environment stands to pose the greatest challenge to their organizations’ related compliance risk management efforts in 2024.

In line with risk expectations, respondents are most likely to expect no change in their organizations’ digital asset investment strategy in the year ahead (46.5%), although 17.9% indicate their organizations will increase digital asset investments in the next 12 months. Among those expecting an increase, public company leaders are more than twice as likely as private company peers to report plans for increased investments (public = 25.4%; private = 10.5%).

“We expect interest in tokenization and digital assets to grow as a wide range of organizations continue to explore use of distributed ledger technology to drive efficiencies and evolve business model strategies,” said Richard Rosenthal, a Deloitte Risk & Financial Advisory principal specializing in risk and regulatory matters, Deloitte & Touche LLP. “At the same time, digital assets pose unique risks for organizations, making it critical for those using these products to proactively manage related risks to protect investments and navigate concerns from investors, policymakers, and the financial markets more broadly.”

Despite the outlook on the digital asset risk landscape, just 27% of polled executives say their boards are updated on digital asset risk and compliance matters quarterly or more frequently. Public company professionals are more likely to report digital asset risk efforts to their boards more often than private companies (public = 31.2%; private = 23.2%).

“Digital asset risk should be a mainstay board agenda item for any organization that actively uses digital assets in its operations,” said Tim Davis, a Deloitte Risk & Financial Advisory principal and U.S. blockchain and digital asset leader. “The spectrum of risks linked to digital assets is broad and complex, with the capacity to impact a company’s financials, reputation and more if not properly monitored. Boards need to be assured that these risks are not just acknowledged, but are actively and effectively being managed across the enterprise.”

To learn more about how organizations can manage risks related to digital assets, read Deloitte’s “Digital asset risk assessment: A new paradigm in risk management.”

About the online poll
Over 320 C-suite and other executives involved in their organizations’ digital asset management efforts were polled during a recent webcast titled “Risk management and governance of digital assets,” on Nov. 28, 2023. Answer rates differed by question.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 457,000 people worldwide connect for impact at www.deloitte.com.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/digital-asset-risk-and-regulatory-compliance-expectations-for-2024-302062789.html

SOURCE Deloitte

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Fosi Audio Launches 7th Anniversary Celebration with the Theme “Your Voice Rocks & Sparks”

Published

33 seconds ago

on

September 20, 2024

By

NEW YORK, Sept. 20, 2024 /PRNewswire/ — Fosi Audio, a beloved brand among audiophiles worldwide, has officially launched its grand 7th-anniversary celebration under the theme “Your Voice Rocks & Sparks.” This milestone event has garnered significant attention within the audio community, with well-known audio reviewers and influencers such as Cheapaudioman, Z Reviews, Utilitarian TV, and numerous Fosi Audio fans and distributors recording special video messages to celebrate the occasion.

Achievements Powered by User Voice

Valuing the voice of its users and driven by their needs, Fosi Audio has always strived to create products that truly resonate with its audience. In 2024, Fosi Audio released several co-created audio products with global audiophiles, including the LC30, a VU meter amplifier/speaker switcher adored by vintage audio enthusiasts; the PH05, a headphone splitter amplifier recognized by music education charities; and the highly anticipated V3 Mono monoblock amplifier, which captured the attention of home audio enthusiasts worldwide. With its exceptional sound quality, ample power output, compact modern design, and outstanding value for the price, the V3 Mono received an overwhelming response on Kickstarter, selling over 4,000 units and earning widespread acclaim from users. This success marks another milestone in Fosi Audio’s rapid growth.

As part of this 7th-anniversary celebration, Fosi Audio is introducing yet another co-created product with its users—the ZD3 fully balanced desktop DAC. Following the launch of the ZA3 dual-mode balanced amplifier and V3 Mono, the ZD3 was developed with deep user involvement and feedback, making it a flagship desktop DAC inspired by audiophiles worldwide. The ZD3 is now available for pre-order, and subscribers to the Fosi Audio website can enjoy a 20% early bird discount. The first 300 customers to place an order will also receive special 7th-anniversary edition items, including a custom ZD3 knob, a VOL20 wireless volume knob, and other branded merchandise.

Next Action in Prioritizing VOC

Fosi Audio’s commitment to customer-driven innovation has resulted in numerous achievements, but the company is not resting on its laurels. Recently, Fosi Audio has strengthened its connection with users through one-on-one interviews, surveys, and community interactions on specialized forums and social media platforms. By deeply listening to user feedback, the company transforms these insights into innovative product ideas. During this anniversary celebration, renowned influencer Z Reviews shared a video showcasing the idea of the LC40, a VU meter preamp co-designed with Fosi Audio, which is now in the early stages of development. This collaboration is expected to receive positive market feedback. Additionally, Fosi Audio is hosting a special “External Product Manager” program, inviting audiophiles to share their creative product design proposals on its official forum. The most innovative and feasible proposals will be selected for development, and Fosi Audio will collaborate with these enthusiasts to create the next product.

Special Offers for Fans

Moreover, Fosi Audio has prepared various exclusive perks for audiophiles during this celebration. Users can participate in a slot machine giveaway on the event page for a chance to win prizes such as free ZD3 DACs, VOL20 volume knobs, 7th-anniversary merchandise, and shopping vouchers with discounts of up to 30%. As a long-standing Best Seller across major online sales platforms, Fosi Audio is also launching special anniversary promotions with discounts of up to 20%, giving back to audio enthusiasts around the world and celebrating this milestone together.

About Fosi Audio

Guided by its mission of “Redefining HiFi with Unmatched Value”, Fosi Audio is dedicated to developing and bringing more amazing HiFi gear with high value for the price, innovative design, cutting-edge technology, and premium quality, all backed by a 24-month warranty, to audiophiles worldwide. Fosi Audio has won sincere recognition from a wide range of audiophiles and well-known media such as Wirecutter, HowToGeek, TNT-Audio, and Headphonesty, authoritative forums like AudioScienceReview, and well-known HiFi enthusiasts such as Cheapaudioman, Z Reviews, and A British Audiophile, etc.

For more information, please visit:

Official Website: https://www.fosiaudio.com/Official Forum: https://community.fosiaudio.com/Official Facebook Community: https://www.facebook.com/fosiaudioglobalOfficial YouTube Channel: https://www.youtube.com/@fosiaudio

PR Contact:
Email: marketing@fosiaudio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/fosi-audio-launches-7th-anniversary-celebration-with-the-theme-your-voice-rocks–sparks-302253820.html

SOURCE FOSI INTERNATIONAL CO., LIMITED

Continue Reading

Technology

The Commerce Casino & Hotel Partners with ESPN LA 710AM for Exclusive Monday Night Football Pregame Radio Show

Published

34 seconds ago

on

September 20, 2024

By

The Commerce Casino & Hotel continues to expand its entertainment offerings through a collaboration with ESPN LA 710AM, enhancing the experience for guests and fans alike.

LOS ANGELES, Sept. 20, 2024 /PRNewswire/ — The Commerce Casino & Hotel is excited to announce an exciting new partnership with ESPN LA 710AM, bringing an exclusive pre-game Monday Night Football Radio Show with Sedano & Kap to listeners throughout the 2024-2025 football season. Filmed on-site at the Commerce Casino and Hotel, sports fans can tune in live to the ESPN LA 710AM pregame show every Monday night starting September 2nd, from 3:00 PM to 6:00 PM, 

Live on YouTube: In addition to airing live on the radio, the pre-game show will be live-streamed on ESPN LA 710AM Radio’s YouTube, offering fans an immersive experience as they watch the excitement unfold from The Commerce Casino and Hotel. 

Exclusive Watch Party: Following the pre-game show, fans are invited to continue the fun at The Commerce Casino & Hotel’s Event Center for an exclusive Monday Night Football Watch Party. The event is free to attend, with a variety of food and drink specials available. 

“We’re thrilled to bring this exclusive pre-game experience to our fans in partnership with ESPN LA 710AM,” said [ESPN LA 710AM Spokesperson]. “Filming live from The Commerce Casino and Hotel adds a unique energy to the show, and we’re excited to share it with our audience both on the radio and online.”

Spencer Villaseñor, Director of Guest Experience at The Commerce Casino & Hotel added, “This partnership with ESPN LA 710AM allows us to offer our guests a unique Monday night experience. We’re excited to continue expanding Commerce’s offerings, making it the ultimate entertainment destination. Whether you’re tuning in on the radio, watching the live stream, or joining us in person, it’s going to be an unforgettable season.”

Don’t miss out on the action! Tune in every Monday night for the live pre-game show and join us at the Commerce Casino and Hotel’s Events Center for the ultimate Monday Night Football experience.

Event Details:

Pre-Game Radio Show: Live every Monday night from 3:00 PM to 6:00 PM through the NFL season. Location: The Commerce Hotel and Casino, 6131 Telegraph Rd, Commerce, CA, 90040Live Stream: Available on @ESPN LA 710AM Radio’s Youtube ChannelWatch Party: Following the pre-game show at the events centerAdmission: Free (Food and drinks available for purchase)

For more information, visit www.commercehotella.com or follow us on Instagram or Twitter for updates.

About The Commerce Casino & Hotel
Located just a few miles from Downtown Los Angeles, The Commerce Casino & Hotel, commonly known as “The Commerce,” stands as a world-renowned cardroom with an impressive array of over 320 tables, making it the largest cardroom globally. Established in 1983, The Commerce offers an extensive range of amenities, including a newly-renovated 200-room hotel, multiple dining venues and bars, the luxurious Meridian Spa, a pool and sundeck, banquet facilities, and more. Additionally, the casino hosts a wide variety of events, including concerts, poker and baccarat tournaments, live boxing, MMA, and wrestling matches, and other special events throughout the year. For further information, please visit: www.commercecasino.com

ABOUT GOOD KARMA BRANDS  
In 1997, Good Karma Brands started as a broadcasting company, utilizing the power of local marketing to build brands, connect with fans and serve the local communities in which we operate.  As GKB grew and transitioned into a media and marketing company, its partnership with ESPN expanded to represent the ESPN Radio Network and Podcasts, the full portfolio of ESPN Digital Products, ESPN Events and eight local ESPN affiliated radio stations. Today, with over 550 teammates across the country and a Home Office based in Milwaukee, Wisconsin, GKB has been consistently recognized as a “Best Place to Work” by multiple organizations, including Front Office Sports and Sports Business Journal. 

Good Karma is fueled by the desire to do things differently, align with premium brands and offer customized solutions for their advertising partners and fans. 

Media contact:
Abegail Cal
abegail@ajc-pr.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-commerce-casino–hotel-partners-with-espn-la-710am-for-exclusive-monday-night-football-pregame-radio-show-302253971.html

SOURCE The Commerce Casino & Hotel

Continue Reading

Technology

EU Olive Oil: Promoting European Extra Virgin Olive Oil at the Plant Based Expo in New York

Published

35 seconds ago

on

September 20, 2024

By

NEW YORK, Sept. 20, 2024 /PRNewswire/ — Following the success of the June event dedicated to journalists, opinion leaders and food professionals, the EU Olive Oil project returned to New York to participate in the Plant Based Expo (Sept. 11-12), the benchmark event in the United States for 100% plant-based products.

The three-year EU Olive Oil program, promoted by the O.P. Associazione Olivicola Cosentina and co-financed by the European Union, was conceived with the aim of promoting the consumption of extra virgin olive oil produced in Europe. During the New York trade show, visitors had a unique opportunity to explore the distinctive characteristics of extra virgin olive oil, appreciating its organoleptic qualities and discovering its many health-promoting properties.

To better engage the audience, daily cooking demos were held, during which the oil could be tasted in various culinary preparations. These demonstrations were not only able to enhance the unique flavor of the oil, but also demonstrated its extraordinary versatility in cooking.

During the event, restaurant professionals, retailers, distributors and buyers had the opportunity to receive valuable advice on how to select a high-quality, safe and obtained through a sustainable agribusiness production system. This system respects ecological and economic principles, minimizing the use of synthetic chemicals and optimizing fertilization, in line with toxicological best practices.

“Our presence at the Plant Based Expo in New York,” says Pierpaola Occhiuto, president of the O.P. Associazione Olivicola Cosentina, “offered us the opportunity to educate American consumers about the importance of the quality of raw materials and to promote a healthy and balanced diet, in which extra virgin olive oil occupies a central role. In addition, it was an opportunity to tell the indissoluble link between olive growing and the land, a cultural and human heritage that for many European countries represents a value to be handed down from generation to generation.”

With a consumption of 365.9 thousand tons and a total value of $1,494.3 million (UN Comtrade data), the United States is confirmed as the main non-EU market for olive oil. In recent years, this product has become increasingly important on American tables, reflecting a growing trend toward a quest for high-quality foods.

www.euoliveoil.eu

The O.P. Associazione Olivicola Cosentina Soc.Coop.a.r.l. is an organization of Olive Producers in the Province of Cosenza that has been playing an active role in the Cosenza area since 1982, the date of its establishment, through a dense network of actions in support of its members.

Gathering within itself the presence of about 7100 member producers, one can easily infer the deep rootedness of the Association with the territory: all this makes it one of the most representative associations in the sector, taking care with scrupulous attention every aspect of the olive-growing activity both from the technical-productive point of view and from the economic-commercial one. The Association, in this sense, acts as an efficient intermediary and bridge between its members and the distribution channels.

Its work, in fact, moves in the light of the pursuit of a single relevant macro-objective: to enhance olive production and the careful and conscious consumption of the product, through its protection and promotion.

View original content to download multimedia:https://www.prnewswire.com/news-releases/eu-olive-oil-promoting-european-extra-virgin-olive-oil-at-the-plant-based-expo-in-new-york-302254234.html

SOURCE EU OLIVE OIL – O.P. Associazione Olivicola Cosentina

Continue Reading

Trending