August 11, 2021
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Disclosure requirements for cryptocurrency transactions now mandate reporting of holdings, trading profits and CSR expenditure details.
Companies trading or investing in crypto currency must disclose profit or loss on such transactions, amount held at reporting date, and deposits or advances received for trading or investing. Companies subject to CSR obligations must disclose required spend, expenditure incurred, year-end shortfall, total prior shortfalls, reasons for shortfall, nature of CSR activities, related party contributions to trusts, and separate movements in provisions for contractual CSR liabilities.