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More firms set to add Bitcoin to balance sheets after major rule change

[Dec 13, 2023 9:27 PM] The rules allow crypto-holding companies to now report their paper gains, not just losses, which industry observers say could give more firms confidence to buy.

FASB Confirms 'Fair Value' Approach for Corporate Crypto Holdings

[Dec 13, 2023 10:25 AM] The Financial Accounting Standards Board, a U.S. entity that details how companies should report assets on their balance sheet, published a standards update on Wednesday that will let corporations recognize "fair value" changes in crypto holdings.

Bitcoin And Crypto To Be Measured At Fair Value Under New FASB Rules

[Dec 13, 2023 9:48 AM] Today, the Financial Accounting Standards Board (FASB) announced new rules that will require companies to account for cryptocurrencies like Bitcoin at fair value. The rules are set to go into effect on December 15, 2024, but companies…

FASB's Crypto Accounting Shakeup Could Lure More Corporate Investment, Michael Saylor and Others Argue

[Sep 7, 2023 10:51 AM] The U.S. accounting standards board yesterday unanimously voted in favor of "fair value" accounting for crypto assets held on corporate balance sheets.

FASB Says Crypto Assets Should Be Marked at Current Values

[Sep 6, 2023 12:40 PM] The first U.S. accounting rule specifically for cryptocurrency will say that companies must use a fair-value approach that would demand certain digital assets be measured at what they would trade for in the markets, according to the Financial…

FASB Votes In Favor of Fair Value Accounting For Bitcoin

[Sep 6, 2023 10:55 AM] In a long-anticipated move, Bloomberg Tax reported that the Financial Accounting Standards Board (FASB) is set to introduce new fair value accounting rules for Bitcoin and other cryptocurrencies. These new rules aim to provide a more accurate…

U.S. Accounting Board Seeks Crypto Standards Requiring Firms to Report Price Shifts

[Mar 24, 2023 10:21 AM] U.S. accounting standards may be overhauled to specifically factor in crypto accounting, establishing a fair-value approach that would demand certain digital assets be measured at what they’d go for in the markets, according to a change proposed…