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Japanese GAAP & Tax Rules for Cryptocurrencies

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round silver and gold coins 730564 - Japanese GAAP & Tax Rules for Cryptocurrencies

The new Japanese GAAP for cryptocurrencies was announced in March 2018. It requires that valuation of a cryptocurrency has to be done using the mark-to-market method if there is an active exchange or market for that currency.  So cryptocurrencies such as Bitcoin, Ethereum, XRP should be marked to the market. Any difference in valuation should […]