Tbh, after going through IRB guidelines, adopting bitcoin is not too much of a problem accounting & reporting wise. The IRB is pretty clear on its use cases for a normal business transaction.

Yes, tracking of cost needs to be in place, but a normal trading company with inventory needs to do that too.

Maybe I should do a study on all tax departments guidelines in South East Asia for a comparison. I know certain country in this region has banned the usage of crypto as a method of payment, thankfully my country is open to it.

Reply to this note

Please Login to reply.

Discussion

No replies yet.