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Bill Barhydt

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new bitcoin accounting rules enhance transparency and drive corporate adoption
The Financial Accounting Standards Board (FASB) has introduced new fair value accounting rules for cryptocurrencies, effective December 15, 2024, enhancing transparency and corporate adoption. Companies will now measure crypto holdings like Bitcoin at fair value, reflecting real-time market fluctuations in financial statements, while non-fungible tokens (NFTs) remain excluded due to valuation challenges. This regulatory shift is expected to streamline accounting practices and encourage institutional adoption of Bitcoin, marking a significant milestone in cryptocurrency accounting.
CryptoSlate
USA Thomas Jeegers Bill Hughes Sr Bill Barhydt Show more
Finance & Economy, Market Report
10:49 16.12.2024
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