New fair value Bitcoin accounting rules go live paving way for corporate reserve adoption

The Financial Accounting Standards Board (FASB) has implemented its Fair Value accounting rule for crypto, effective Dec. 15, 2024. This update aims to address accounting and disclosure practices gaps for cryptocurrencies while enhancing transparency in financial reporting. Under the new rule, companies must measure their crypto holdings at fair value and update these valuations in […] The... source: https://cryptoslate.com/new-fair-value-bitcoin-accounting-rules-go-live-paving-way-for-corporate-reserve-adoption/