Audit

Overview of the Practical Guidance for Financial Statements Audits of Virtual Currency Exchange Service Providers

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crypto audit under japanese regulation

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 key qualities of accounting, financial statements are prepared according to accounting standards and other guidance […]

Cryptocurrencies

Real World Application of Blockchains – The Po.et Project

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Po.et – Reclaiming Value to the Content Creators Through the Use of Blockchain Technology Blockchain’s first killer app – Bitcoin The most famous and successful application of the blockchain technology to date has been Bitcoin (BTC). Over the course of 10 years since it’s genesis block, Bitcoin has become a currency that people all over the world can safely use and is not controlled by a country or a specific […]

Cryptocurrencies

Audit and Accounting Related Services for Cryptocurrency Exchanges

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仮想通貨 分別管理監査 (2)

Cryptocurrency Exchanges Looking for Auditors in Japan Cryptocurrency Exchanges operating in Japan require audits by a CPA over their financial statements and segregation of funds. For details, go see my other post on this topic. At our firm, a CPA that knows crypto will help you with your accounting and auditing related needs. We can also assist in preparing the necessary documents when applying for a cryptocurrency exchange license with the […]

Cryptocurrencies

Accounting Standards Board of Japan Releases Exposure Draft on the Accounting for Virtual Currencies

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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. If you would like a full English translation of this post, please submit a request through our CONTACT page!   Let Us Take Care of […]

Announcements

We now provide Blockchain Audit Services to assist Cryptocurrency Exchanges in complying with new regulations in Japan

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blockchain audit service

Cryptocurrency Exchanges in Japan are now required to register with the FSA and will be subject to CPA audits On September 29, 2017, 11 Cryptocurrency Exchanges were registered with the Financial Services Agency (FSA). As part of new regulations that went into effect as of April 1, 2017, firms involved with the exchange of virtual currencies (virtual currency exchangers) (the term virtual currency is often used in Japan and is […]