‘Liquid Assets’: South Korea Plans Accounting Standards for Cryptocurrencies


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The Korea Accounting Institute is reportedly planning to categorize cryptocurrencies like bitcoin as ‘liquid assets’ in a bid to classify them in financial statements. As reported by Business Korea, the Korea Accounting Institute (KAI) is in the process of creating an accounting standard for cryptocurrencies. The move underlines the rising prominence of cryptocurrencies that have

The post ‘Liquid Assets’: South Korea Plans Accounting Standards for Cryptocurrencies appeared first on CCN

Posted by Samburaj Das on February 22, 2018 @ https://www.ccn.com/liquid-assets-south-korea-plans-accounting-standards-cryptocurrencies/

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