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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…

First Mover Americas: Bitcoin Still Stuck in Limbo

[Sep 6, 2023 6:04 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

South Korea Seeks to Freeze North’s Crypto Assets Under New Law

[Sep 6, 2023 1:30 AM] The government in Seoul intends to submit new legislation tailored to facilitate the tracking and freezing of crypto used to fund the weapons programs of North Korea. A bill has been drafted after extended consultations between ministries with the…