Virtual currency accounting

As a consensus network, Bitcoin enables new payment systems and money that are entirely digital or can be interpreted as a virtual currency that uses open source user-to-peer network systems. It offers easier way of payment without the need for a bank account, credit card or intermediary. Bitcoin is cash stored in a computer that can be used to replace cash in an online sale transaction.

4p longtimenosee09 08-04-2024 2 1   Download

The article has synthesized and analyzed the situation of “virtual currency” emerging in the market, combined with the basic principles in accounting so as to give individual views on the principles of accounting recognition and presentation of information on the financial statements of transactions related to “virtual currency” to help the transparency of information on the Financial statements be improve.

8p tethientran 27-07-2023 9 3   Download

Financial sector reforms and the adoption of a more predictable currency system spurred a recovery of the financial sector in 2009. Total deposits in the banking system rose from US$500 million in 2009 to some US$2.5 billion by December 2010. Important vulnerabilities remain6. The Banking sector is highly illiquid, with the bulk of bank lending being short term (90 days or less) with longer-term loans virtually nonexistent. Moreover, the intermediation spread is extremely high with prohibitive lending rates of as high as 30 percent and deposit rates of as low as 2 percent....

0p lenh_hoi_xung 01-03-2013 64 7   Download