Companies that go all in on cryptocurrency—or even just dabble in it—would get long-awaited accounting rules under a proposal floated Thursday by US accounting standard-setters.
The plan calls on companies that hold cryptocurrencies to report them at fair value, a measurement aimed at capturing the most up-to-date value of assets like Bitcoin and Ether. Changes in value would get reported in a company’s net income, opening up earnings to swings depending on how much crypto the business holds. The Financial Accounting Standards Board proposal eliminates current practice, which effectively only lets companies record decreases in the value of their ...
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