Skip to Primary Navigation

Skip to main content

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

Image of bitcoins
Photo: Chesnot/Getty Images

Julie DiMauro

1 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

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

, , , ,

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience