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Daily Archives: December 14, 2023

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Bitcoin accounting

New Accounting Standards Level the Playing Field for Crypto

NewsBy adminDecember 14, 2023Leave a comment

In a major win for cryptocurrency and its investors, the U.S. Financial Accounting Standards Board (FASB) announced on December 13 that cryptocurrency holdings will have Fair Accounting Value starting next year. This means that companies with cryptocurrency holdings will have their assets reflected accurately – and further signifies that crypto’s legitimacy is increasing in leaps and…

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