The accounting of fair value of cryptocurrency will begin in 2024, confirms FASB

Council for services of the financial account (FASB) declared on Wednesday that it officially accepted the account at fair value for cryptoassets, since next year. It is expected that this change will be made by Bitkoyn and other digital currencies much more attractive to storage on corporate balances, despite periodic volatility of their prices. The main changes in FASB reporting According to the last update of standards of accounting (ASU) of FASB, the revised standard is the answer to the numerous responses of interested parties assuming that improvement of standards...