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…
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…
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…
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…
UNITED KINGDOM ISSUES CRYPTOCURRENCY TAX GUIDANCE
Here at Camuso CPA, we offer a wide array of tax services for cryptocurrency investors including tax preparation and tax planning. Financial service companies are transitioning from employee driven revenue models to information driven revenue models. Camuso CPA strives to deliver…
Will Japan’s FSA Apply the Financial Instruments and Exchange Act to Investment Funds that Use Cryptocurrency?
Japan’s Financial Services Agency (FSA) has solidified its position regarding applying the Financial Instruments and Exchange Act to the collection of investment funds in cryptocurrency, according to a January 8 report by the Sankei Shimbun, a major Japanese newspaper. The…
FSA Releases Draft Report on Cryptocurrency Reform Bill for Submission to the Diet Next Year
The Financial Services Agency (FSA) has changed “virtual currency†to “crypto assets†and stated that it is difficult to ascertain the positive social significance (of cryptocurrency derivative trading) at present†in a publicly released draft report outlining cryptocurrency regulations that…
Financial Services Agency Reports It ‘Cannot Recognize the Necessity’ of Cryptocurrency Derivative Trading
Japan’s Financial Services Agency (FSA) publicly released a draft report outlining cryptocurrency regulations that it presented at the 11th meeting of the “Study Group on the Virtual Currency Exchange Services†on December 14. According to the draft report, while derivative…
5,944 Reports of Suspicious Cryptocurrency Transactions Filed in Japan from January to October 2018
The National Policy Agency (NPA) announced on December 6 that cryptocurrency exchanges in Japan reported 5,944 cases of cryptocurrency transactions suspected of being used for money laundering and other illicit activities from January to October 2018. Reports to the NPA…