Five more deemed exchanges join Japan Virtual Currency Exchange Association
The Japan Virtual Currency Exchange Association (JVCEA) announced that five deemed exchanges that are or will be applying for registration as cryptocurrency exchange operators (Type II members) joined the association on February 1, 2019. The five new members are: Money…
Major Japanese Internet Company to Permit Crypto Asset Payments for Game
GMO Internet, Inc., a major Internet-related company that includes a cryptocurrency exchange operator among its group companies, announced that it plans to plans to enable CryoptoChips by GMO crypto assets to be distributed as compensation in the game app for…
Accounting Industry Rushing Into Cryptocurrency
CPAs are late to the game but also rushing into the cryptocurrency space. As an industry leader in cryptotax services I have been able to observe how this niche sector is developing. It is not out of the ordinary for…
Is Bitcoin Money
Bitcoin from its inception was created to be a peer-to-peer electronic money. It emerged at the height of the 2008 financial crisis and was seemingly in reaction to the massive financial fraud that was being perpetrated by investment banks and…
Form 1099-K: What Cryptocurrency Investors Need to Know
The IRS has demonstrated it intends to enforce existing 1099 reporting rules on cryptocurrency exchanges, but it has not followed up by providing clarity regarding those rules. For instance, trading platforms might have to send 1099-B forms to users who…
Sandbox Authorizes Crypto Asset Payment System Crypto Garage
The Japanese Cabinet Office’s Regulatory Sandbox, which temporarily halts regulations and implements new technologies and business models in society, has recognized a new crypto asset payment system development project by Crypto Garage, Inc., it announced on January 18. Crypto Garage…
Value of Money: Yesterday, Today and Tomorrow
In order to estimate the value of money, it is important to realize the meaning of the concept “money” and its main intended use. The history of money… “Moneta” is a Latin word for coins, which later transformed into what we…
WHAT INVESTORS DON’T KNOW ABOUT TRACKING CRYPTOCURRENCY FOR TAXES AND HOW IT WILL HURT THEM
Here at Camuso CPA, we offer a wide array of tax and accounting services for cryptocurrency investors and traders including tax preparation, tax planning and portfolio reconciliations. How It Works How you report the cryptocurrency transactions will depend on how…
So, what happened at 6k?
$6,000 was an important level to a lot of people. That is why it held for so long. Miners, crypto hedge funds, ICO’s. They all were relying on the price to hold and stabilize at that level and when it…
Major Japanese Finance Firm Monex Group to Expand Business in the U.S. in 2019
TradeStation Group, Inc., a subsidiary of the major Japanese internet securities firm Monex Group, Inc., will enter the cryptocurrency market in the United States in 2019 through TradeStation Crypto, Inc., its own subsidiary. TradeStation Crypto announced that it plans to…