The Monetary Accounting Requirements Board (FASB) has unanimously permitted guidelines for accounting for the honest worth of firms’ cryptocurrency holdings, based on media stories. The principles will go into impact in 2025.
The FASB is the USA group that units accounting and reporting requirements for organizations that observe U.S. Typically Accepted Accounting Rules (GAAP). It issued a name for feedback on proposed modifications to the FASB Accounting Requirements Codification in March.
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