Bitcoin on the balance sheet? FASB OKs fair-value accounting for cryptocurrency assets
Until now, there haven’t been any specific accounting rules for cryptocurrency assets you may have. After all, crypto economics can be volatile. The price of bitcoin fell from $47,816 in January to $19,557 this month, according to YCharts. After putting cryptocurrency accounting on its technical agenda earlier this year, the Financial Accounting Standards Board (FASB) […]