FASB's New Crypto Accounting Rules Will Be Implemented in US in 2024
U.S. The FASB has drafted new crypto accounting rules that will better reflect the true value of companies' crypto holdings
With this change, companies may look at Bitcoin and other cryptos differently and consider them as strategic financial assets
The new rules will be applicable from fiscal years after December 15, 2024. If companies want to implement it even before 2024, they can do so