Republic of Korea authorities may start requiring companies that operate in the country to disclose the amount of cryptocurrency on their balance sheets. The Financial Services Commission (FSC) has published a bill to this effect.
Under the new rules, companies will have to disclose information about the number, characteristics, business models and accounting policies in relation to the sale of virtual coins, as well as the profit, volume and market value of cryptocurrency.
The bill says the measures are intended to increase accounting transparency