I 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.
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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 Kimura CPA, we can support you with all your accounting related needs related to cryptocurrencies.
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