FASB Adopts Crypto Accounting and Disclosure Rule for Companies

📆 07/09/2023 07.14.00
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The Financial Accounting Standards Board voted to set a new rule on cryptocurrency accounting and disclosure, changes companies holding these assets have argued more accurately reflect their financial condition.

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Accounting regulator will let firms report crypto at fair market value: reportThe Financial Accounting Standards Board's new rule becomes effective in 2025, but companies can apply it earlier.
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