Coinspeaker
Crypto Fair Value Accounting Rules from FASB Take Effect Today
New crypto fair value accounting rules from the Financial Accounting Standards Board (FASB) will go into effect today. These rules contain specifications that help companies keep up with profits and losses that are a fair representation of actual market prices for Bitcoin
BTC
$104 085
24h volatility:
1.4%
Market cap:
$2.06 T
Vol. 24h:
$88.67 B
and several other fungible cryptocurrencies that match specific requirements.
New FASB Accounting Rules
Initially announced in December 2023, the rules were created to allow firms to report the current value of cryptocurrencies as part of each entity’s net income. Before now, entities had to consider
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