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(Kitco News) - The Financial Accounting Standards Board (FASB) has unveiled the criteria for its upcoming crypto accounting review, and there are some interesting exclusions to note, including nonfungible tokens and certain stablecoins.
In what is yet another recent example of regulators starting to act on cryptos after years of dragging their feet, this decision by FASB marks a concrete step towards a proposal and final rule on the matter of how to report cryptocurrency holdings.
Businesses and investors have requested guidance from FASB for several years now on how to account for and disclose their Bitcoin and digital asset holdings, but the agency has declined to provide clarity.
That changed in May when FASB added its “crypto accounting review” (referred to as ‘the project’) to the technical agenda...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...