QUICK, a subsidiary of Nihon Keizai Shimbun, announced that it has accepted the report of the cryptocurrency benchmark research society and stated that it will develop two cryptocurrency benchmarks for tax accounting processing and financial transactions, some of which have been made public.
QUICK’s cryptocurrency information website “QUICK CRYPTO LAB”; used in Japan for large-scale cryptocurrency exchanges based on the yen-based “weighted average price” and “single average price” The basis for processing. As of the publication of the article, the benchmark has been confirmed for three types of cryptocurrency, namely Bitcoin, Bitcoin Cash and Ethereum.
Bitbank, bitFlyer, BTCBOX, Coincheck, QUOINEX, and Zaif exchanges all accept this data information. The cryptocurrency benchmarks used for financial transactions are QRTR (QUICK Real Time Rate) and QCRR (QUICK Cryptocurrency Reference Rate), both of which are currently standard methods for bitcoin, but other cryptocurrencies can also be used.
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