Pressure Builds to Tackle Digital Currency Accounting Questions

March 9, 2021, 10:34 PM

Companies still don’t dabble in cryptocurrency holdings in a big way, but the tide could turn, and analysts want key details, investors and accountants told U.S. accounting rulemakers on Tuesday.

Even if the Financial Accounting Standards Board doesn’t issue rules on how to measure holdings in Bitcoin and other digital currency, the board could at least compel companies to disclose information, members of the FASB’s main advisory group said.

“It is something that if it does grow in materiality and it does grow in prevalence, especially as a medium of exchange, we’d like disclosure to be there to understand how ...

To read the full article log in. To learn more about a subscription click here.