FASB approves crypto asset standard
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The Financial Accounting Standards Board voted to adopt its eagerly awaited standard for cryptocurrency like bitcoin held by companies, and more of today’s top stories.?
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FASB released an exposure draft in March after previously narrowing the scope of its earlier digital assets project to focus on cryptocurrency such as bitcoin rather than a broader set of assets like nonfungible tokens.
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Wholesaler at Allergy, Asthma & Sinus Center
1 年Are you sure
Finance Manager at PEARL DAMASCUS GENERAL TRADING
1 年The Financial Accounting Standards Board need to check their decision as this decision will affect billions of people, how can we consider bitcoin as asset, what is this? real state, food, car....etc. later so many billions people will lost their money, for instant : bitcoin may be now 58000 $, after two days 20000$.. what is this ? Government must prevent to deal with bitcoin and other cryptocurrencies. Every year we have new way to take money from simple people, International economic will not work like this. later few people control world and others will be poor.
CPA| Financial literacy| Bitcoin educator |Crypto enthusiast
1 年As a CPA in the crypto space, I can confidently say, This is ENORMOUS news!!… complete game changer!… I fully expect big corporations to begin accumulating bitcoin on their balance sheets in the not-too-distant future!