We posted an analysis of the Exposure Draft on the Accounting for Virtual Currencies released by the ASBJ on our Japanese blog, which can be viewed here.
This could very well be the first official stab an accounting standard-setting body has taken in outlining the accounting rules for cryptocurrencies.
If you would like a full English translation of this post, please submit a request using the contact form below.
Let Us Take Care of Your Cryptocurrency Related Needs
Businesses involved in the business of trading currencies in Japan (such as exchanges) are required to obtain a license from the Financial Services Agency.
At Quantum Accounting Inc., we can support you with all your accounting related needs related to cryptocurrencies.
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