MicroStrategy founder: FASB will adopt Bitcoin fair value accounting
According to TechFlow news, Michael Saylor, the founder of MicroStrategy, tweeted that the Financial Accounting Standards Board (FASB) in the United States will officially adopt bitcoin fair value accounting for fiscal years beginning after December 15, 2024. The upgrade of accounting standards will promote global enterprises to adopt bitcoin as a reserve asset.Previous news stated that the United States will introduce the first cryptocurrency accounting rules, allowing cryptocurrency companies and any other companies holding bitcoin or ethereum to record their holdings at fair value, with changes in fair value included in net income.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nebraska’s new Bitcoin mining rules aren’t a ban, but a pain in the power bill
Regret Missing Toshi’s Spike? BTFD Coin’s Presale Is Live—And It Could Turn $5K into $450K by the Time It Hits Its $0.006 Target
BTFD Coin is still in Stage 15 of its meme coin presale, priced at $0.0002, with a forecast of $0.006 and a chance to triple holdings using the LAUNCH200 bonus code.BTFD Coin’s Referral Program: Earn Big by Spreading the WordToshi’s Rise Was Real—but the Entry Point’s Long Gone
Best Crypto Presales to Buy: 3 ICOs with 10x Potential
Nexchain: The AI-Powered Blockchain Built for Speed and ScaleBTC Bull Token: Riding Bitcoin’s Momentum with Leverage$SUBBD Token: Powering the No.1 AI Agent Creator PlatformConclusion
XP raises $6,2 million with Solana and NFTs
Trending news
MoreCrypto prices
More
