Latest U.S. Crypto Accounting Rules: Why They Are a Game Changer for Companies Such as MicroStrategy and Tesla That Hold Bitcoin on Their Balance Sheet

Bloomberg reports a significant shift in accounting practices on the horizon for companies holding cryptocurrencies such as Bitcoin or Ethereum. The Financial Accounting Standards Board (FASB) has introduced its first set of rules for crypto accounting. Under these new regulations, companies are required to record their cryptocurrency holdings at fair value, aiming to reflect the […] source: https://www.cryptoglobe.com/latest/2023/12/latest-u-s-crypto-accounting-rules-why-they-are-a-game-changer-for-companies-such-as-microstrategy-and-tesla-that-hold-bitcoin-on-their-balance-sheet/