US Accounting Board Weighs Crypto Trading Treatment on Income Statements
- —FASB is reviewing where crypto trading belongs on income statements
- —Focus is on rules for recognizing gains and losses on digital assets
- —Changes would affect companies holding crypto on their balance sheets
Why it matters: New accounting rules could simplify or complicate reporting for public companies holding crypto, affecting how investors value them.
Source: Google News (crypto query)
More on this
Regulation · Sep 28South Korea weighs legalizing crypto market makers after JPYC trades at 4 times its peg on Upbit
Regulation · Oct 2Briefing: US sanctions A7 Network, weighs bank crypto rules, $117.9M liquidated
Regulation · Oct 1Russia's Central Bank Proposes Including Crypto Holdings in Bank Statements