Japanese Tax Authorities Releases FAQ (Ver2) on Crypto Taxes
Compared to the FAQ in 2017, Version 2 covers a wider range On November 21, 2018, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Cryptocurrencies (Information)”. This is the second time (the first was in 2017) that the NTA has officially expressed its views on calculating taxes for cryptocurrency in an […]
BlockChainJam 2018 – Looking Back
BlockChainJam 2018 Looking Back Got to take a sneak peek into the future BlockChainJam 2018 that took place on October 21, 2018 was a huge success with a jam packed audience and great speakers. Thank you to everyone that stopped by the event and showed us support! Congratulations to the organizers of the event on […]
Crypto Accounting Standard
Crypto Accounting Standard PITF No. 38 Practical Solution on the Accounting for Virtual Currencies under the Payment Services Act World’s First Crypto Accounting Standard? On March 14, 2018, the ASBJ (Accounting Standards Board of Japan) issued PITF (Practical Issues Task Force) No. 38 “Practical Solution on the Accounting for Virtual Currencies under the Payment Services […]
We’ll Be Speaking at BlockChainJam 2018 @Roppongi Hills
BlockChainJam 2018 The Day where you get to take a sneak peek into the future We’ll be speaking at the upcoming BlockChainJam 2018 conference. The event, whose theme is centered around the future of blockchains, will take place on October 21, 2018, at Roppongi Hills, Tokyo. We’ll be talking about recent developments on crypto related tax […]
Crypto Gains – Capital Gain vs Income Gain
An article written by us was recently published on Gentosha Gold Online. In this article, we focus on income gains from holding cryptocurrencies. We introduce the meaning of running nodes and how one can receive an economic incentive by doing, so using real crypto examples. You can read the article here!
Our Crypto Related Posts Can Now Be Read On Gentosha Gold Online
As of June 2018, I’ve started writing a series of articles for Gentosha Gold Online. As the title of the series “Crypto Report” suggests, the articles are going to be crypto related with a twist of accounting and finance, which is what I am hoping to bring to the table. I’ll be going deep into […]
Overview of the Practical Guidance for Financial Statements Audits of Virtual Currency Exchange Service Providers
A Look Into How Cryptocurrencies Will Be Audited Crypto Related Guidelines In Japan: A Recap With the enactment of the amended Payment Services Act in April 2017, Virtual Currency Exchange (VCE) Service Providers will now be subject to financial statements audits and segregation of funds audits. Because comparability of financial statements is considered one of the […]
Crypto Jargons
The Crypto World is full of funny and interesting jargons. But for people that are just starting off with cryptos, the jargons could be intimidating at first. I just posted an article in Japanese covering some heavily used English crypto jargons. Each jargon comes with a translation, pronunciation, and examples of how they could be used in […]
Some Thoughts After Attending the IMF-JFSA-BOJ Conference on FinTech
IMF-JFSA-BOJ Conference on FinTech – April 16, 2018, Toranomon Hills Though most of the talks were on FinTech developments in Asia (ex. presentation by a person from Alipay), there were some discussions on cryptocurrencies (ex. presentation by a gentleman from Deutsche Bank) which got me excited. The talk on cryptocurrencies wasn’t about a specific crypto […]
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