ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Virtual money poses accounting dilemma for Japan's early adopters

Asset or expense? The bottom line depends on the answer

The Japanese market for virtual currencies is projected to reach 1 trillion yen ($9 billion) in fiscal 2020.

TOKYO -- A new law defining virtual currency as a payment method goes into effect in Japan this Saturday, but in the absence of specific accounting rules for innovations like bitcoin, companies are feeling their way forward.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more