Digital Currency Accounting Standards

The Financial Accounting Standards Board (FASB) is exploring an accounting standard for digital currency in response to increasing concerns about inconsistent accounting standards.

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FASB, which sets standards for U.S. Generally Accepted Accounting Principles (GAAP) adopted by the U.S. Securities and Exchange Commission, will consider adding this project to its agenda at a public meeting, the time of which has not been set, according to Thomson Reuters

The Chamber of Digital Commerce (CDC) requested standards to address concerns that have emerged in the expanding digital currency market.