Accounting For Bitcoin Digital Assets – Bitcoin Magazine

Accounting For Bitcoin Digital Assets – Bitcoin Magazine

  • Bitcoin
  • August 19, 2022
  • No Comment
  • 7

This is an opinion editorial by Matt Maraia, a CPA looking to help educate the Bitcoin community on the ever-changing regulations on accounting standards.

As the evolving digital assets ecosystem continues to pose more questions than answers within the accounting sector, members of the Financial Accounting Standards Board (“FASB”) delivered some groundbreaking news. On May 11, 2022, the FASB voted in favor of holding future discussions on the current dilemma presented by corporate cryptocurrency investments, signaling a potential overhaul to current accounting guidance on digital assets.

Source link

Related post

How the EU’s new energy plans impact Southeast Asia

How the EU’s new energy plans impact Southeast Asia

Amid an ongoing energy, European countries have turned to Southeast Asia’s coal and liquefied natural gas (LNG) producers to help offset…
Cryptocurrency Using Credit Cards: This is All You Need to Know!

Cryptocurrency Using Credit Cards: This is All You Need…

One of the most common payment methods for purchases is rewards credit cards. You may quickly exchange the incentives you earn…
Private equity makes million-dollar investment in UK pet treat manufacturer

Private equity makes million-dollar investment in UK pet treat…

YORKSHIRE, UNITED KINGDOM — Private equity Traditum announced its £1.75 million ($1.9 million USD) investment in Sniffers Pet Care on Sept.…

Leave a Reply

Your email address will not be published.