PANews reported on November 14th that, according to Bloomberg, the Financial Accounting Standards Board (FASB) will meet on November 19th to discuss whether to develop regulations on how companies should report cryptocurrency transfers in their financial statements. The board plans to focus on adding a project related to the accounting treatment of crypto asset transfers to its technology agenda. At the meeting, the board will discuss several possible implementation paths, including expanding the scope of its 2023 guidelines, clarifying guidance on the derecognition of crypto asset transfers, or taking both measures simultaneously. It is worth noting that this meeting comes just weeks after the FASB added a new technology project on the classification of stablecoins. https://news.bloombergtax.com/financial-accounting/us-accounting-board-to-discuss-adding-crypto-transfer-projectPANews reported on November 14th that, according to Bloomberg, the Financial Accounting Standards Board (FASB) will meet on November 19th to discuss whether to develop regulations on how companies should report cryptocurrency transfers in their financial statements. The board plans to focus on adding a project related to the accounting treatment of crypto asset transfers to its technology agenda. At the meeting, the board will discuss several possible implementation paths, including expanding the scope of its 2023 guidelines, clarifying guidance on the derecognition of crypto asset transfers, or taking both measures simultaneously. It is worth noting that this meeting comes just weeks after the FASB added a new technology project on the classification of stablecoins. https://news.bloombergtax.com/financial-accounting/us-accounting-board-to-discuss-adding-crypto-transfer-project
The U.S. Accountability Committee will discuss whether to add an accounting treatment item for "cryptocurrency transfers".
PANews reported on November 14th that, according to Bloomberg, the Financial Accounting Standards Board (FASB) will meet on November 19th to discuss whether to develop regulations on how companies should report cryptocurrency transfers in their financial statements. The board plans to focus on adding a project related to the accounting treatment of crypto asset transfers to its technical agenda. At the meeting, the board will discuss several possible implementation paths, including expanding the scope of its 2023 guidelines, clarifying guidance on the derecognition of crypto asset transfers, or taking both measures simultaneously. It is worth noting that this meeting comes just weeks after the FASB added a technical project on the classification of stablecoins.
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