First cryptocurrency legislation document to come into force on March 28

First cryptocurrency legislation document to come into force on March 28

The Ministry of Finance has developed a national standard of accounting and reporting of digital signs. In fact, it is the first cryptocurrency legislation document, which aims at developing the IT sector. It will come into force on March 28.

Tokens that organizations receive are accepted to the accounting depending on the way being obtained and possible usage. The Ministry of Finance has also determined the approaches towards estimating the tokens. The agency has specified what information is a subject to disclosure in the notes of an organization’s accounting.