AICPA Releases Accounting Guidance on Digital Assets (Cryptos)
Significant differences with J GAAP, already causing GAAP differences between the two standards In December 2019, the AICPA (American Institute of Certified Public Accountants) released a guidance on the accounting of crypto currencies. This nonauthoritative guidance was released as a practice aid titled “Accounting for and Auditing of Digital Assets”. You can download the original […]
Japanese Tax Authorities Releases FAQ (Ver3) on Crypto Taxes
Japanese Tax Authorities Releases FAQ (Ver3) on Crypto Taxes Compared to the FAQ in 2018, Version 3 covers a wider range with dedicated section on corporate tax On December 20, 2019, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Cryptocurrencies (Information)”. This is the third time (the first was in 2017) […]
Looking back at BlockChainJam 2019
This year’s BlockChainJam was as great, if not better than last year’s! This year’s BlockChainJam was held on November 17, 2019 at the Yasuda Auditorium (Tokyo University). It was pretty cool to listen to talks on cutting edge technology in a building that is as historical as the Yasuda Auditorium. A summary of my presentation […]
We’ll Be Speaking at BlockChainJam 2019 @Tokyo University
BlockChainJam 2019 We’ll be speaking at the upcoming BlockChainJam 2019 conference. The event, whose theme is centered around the future of blockchains, will take place on November 17, 2019, at Tokyo University. We’ll be talking about the hot crypto/blockchain topics of 2019 from an Accounting and Finance angle. Please come and join the fun! If […]
Using Sharpe Ratio – A Better Tool to Evaluate Your Investment
Is your investment generating sufficient returns in relation to the risk that you’re taking? The Sharpe Ratio will tell you the answer The Shape Ratio is a measure that is widely used in finance to evaluate the performance of a fund or an investment. The reason the Sharpe Ratio is used instead of a simple […]
Modeling Bitcoin Price, an Introduction to the Stock to Flow Model
A Bitcoin Pricing Model is getting the industry’s attention In traditional finance and accounting, many valuation methods and models are used to calculate the fair value of various assets. The DCF (Discounted Cash Flow) and CAPM (Capital Asset Pricing Model) are some examples that are used to value a business or equity. These models are […]
We’re Having a Crypto Roundtable on October 16!
We are having a Crypto Roundtable on October 16 (Wed)! Come and join the discussion! The roundtable will be held at our office near Tokyo Station, starting at 7:30 PM We’ll be covering the basics of setting up a crypto wallet and creating a proper backup. Then we’ll have fun sending each other crypto using […]
JVCEA (Japan Virtual Currency Exchange Association) Releases Statistics on Japanese Crypto Exchanges for the First Half of 2019
JVCEA (Japan Virtual Currency Exchange Association) Releases Statistics on Japanese Exchanges We updated our visualization of customer crypto balances at Japanese Exchanges to reflect data that was released by the JVCEA on September 10, 2019 The stats released by the JVCEA is a compilation of December 2018 – July 2019 transaction data provided by the […]
2019 Corporate Tax Reform – Impact on Cryptocurrencies
Taxation on Crypto Unrealized Gains (Losses) for Entities With the 2019 Corporate Tax Reform now in effect, unrealized gains (and losses) from cryptocurrencies held by entities will be subject to taxation. The impact of this change is significant for entities that hold crypto (exchanges, funds, etc.). I have summarized the effects below. Mark-to-market of crypto […]
June 5 Crypto Roundtable
Tokyo/Otemachi Crypto Roundtable Recap We discussed the history of Bitcoin and the mechanics of blockchains The main topics that we discussed during the June 5 Roundtable were related with the birth and history of Bitcoin and the basic technology that make blockchains work. During the one hour discussion, we got to touch on technical topics […]
