The FASB, a non-governmental entity overseen by the U.S. Securities and Exchange Commission (SEC), introduced these rules in March, departing from the traditional practice of valuing cryptocurrency assets solely based on unrealized losses. …
Read More: FASB Approves New Accounting Standards for Crypto Holdings
Source:https://cryptonews.com/news/fasb-approves-new-accounting-standards-for-crypto-holdings.htm