FASB issues crypto accounting rules, setting a new standard

The Financial Accounting Standards Board (FASB), a private organization responsible for establishing financial accounting and reporting standards in the US, has released a new Accounting Standards Update (ASU) today to enhance the accounting and disclosure of specific crypto assets.This move comes in response to stakeholders' feedback emphasizing the need for improved accounting and disclosure... source: https://cryptobriefing.com/fasb-issues-crypto-account-rules-setting-new-standard/?utm_source=cryptopanic&utm_medium=rss