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FASB says companies will use ‘fair-value’ accounting to report crypto holdings

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Photo: Chesnot/Getty Images

Julie DiMauro

1 min read
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The US standard-setting organization for accounting says companies should use current values – or “fair-value” accounting – to report their crypto holdings.

The Financial Accounting Standards Board (FASB) has voted to set a new rule on cryptocurrency accounting and disclosure to more accurately reflect the financial condition of the changes companies holding these assets have argued are needed.

Up to now, there have been no accounting or disclosure standards in place pertaining

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