U.S. FASB’s Crypto Accounting Standards Set To Take Effect—Industry Gears up for Fair Value Reporting
The new crypto accounting standards introduced by the U.S. Financial Accounting Standards Board (FASB) are set to take effect later this month. Accounting Standards Update (ASU) 2023-08, issued in December 2023, will apply to fiscal years beginning after December 15, 2024. Under the new rules, U.S. companies holding eligible crypto
November 30, 2024 3 mins read
