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Long-Awaited Bitcoin Accounting Rules to Capture Rises, Dips (1)

Summary by Ground News

US accounting standard-setters unanimously voted Wednesday to write new rules for crypto. Companies that hold or invest in cryptocurrency will be required to report their holdings at fair value. The rules will go into effect as soon as 2025, but companies will have the option to apply them early.

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bloombergtax.com

Long-Awaited Bitcoin Accounting Rules to Capture Rises, Dips (1)

Crypto companies and other businesses with significant crypto holdings will get long-awaited accounting rules to measure the value of the Bitcoin, Ethereum, and other crypto in company coffers, US accounting standard-setters unanimously voted Wednesday.

2 years ago

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bloombergtax.com broke the news in 2 years ago on Wednesday, September 6, 2023.

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Long-Awaited Bitcoin Accounting Rules to Capture Rises, Dips (1)

1 Articles

1 Articles

Long-Awaited Bitcoin Accounting Rules to Capture Rises, Dips (1)

Coverage Details

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