FASB Introduces New Accounting Rules For Treating Crypto

In a significant move impacting companies holding cryptocurrencies, the Financial Accounting Standards Board (FASB) has introduced new rules requiring them to measure their crypto assets at fair value. This measurement technique, capturing the most up-to-date value of digital currencies like Bitcoin and Ethereum, aims to provide a more accurate reflection of their worth. The rules,... source: https://beincrypto.com/fasb-accounting-rules-crypto/