Ismail SulaimanMay 23, 2022 · 3 years ago2 answers What are the best accounting practices for managing cryptocurrencies in Singapore?
As cryptocurrencies gain popularity in Singapore, it is important to understand the best accounting practices for managing them. What are the recommended accounting practices for individuals and businesses dealing with cryptocurrencies in Singapore? How can one ensure accurate record-keeping and compliance with tax regulations? Are there any specific guidelines or regulations issued by the Monetary Authority of Singapore (MAS) regarding cryptocurrency accounting?