Japan’s LDP Web3 Project Team Releases New Crypto Accounting and Auditing Guidelines


This article has been republished with permission from Binance News.

According to Foresight News, the Web3 Project Team (web3PT) of Japan’s Liberal Democratic Party has released new accounting and auditing guidelines for Web3 companies dealing with crypto assets. The aim is to lower the auditing threshold for Web3 businesses and expand their foundation. The Japan Crypto Asset Business Association (JCBA) has also joined forces with the Japan Virtual Currency Exchange Association (JVCEA) to release a report supporting the accounting calculations of Web3 operators issuing tokens.

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