According to BlockBeats news on November 14, Bloomberg reported that the Financial Accounting Standards Board (FASB), the U.S. accounting standards-setting body, will hold a meeting on November 19 to discuss whether to formally include “accounting treatment for the transfer of crypto assets” in its technical agenda. The meeting will focus on several possible treatment paths: expanding the scope of the landmark crypto asset accounting standards (FASB 2023 rules) issued in 2023; clarifying the accounting guidance for “derecognition” when transferring crypto assets; or taking both of the above measures simultaneously. This meeting comes just weeks after FASB added another technical project aimed at clarifying whether certain digital assets, such as stablecoins, can be classified as “cash” equivalents.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
