2 years ago
Stephen Alpher is CoinDesk's co-regional quality chief, Americas. He holds BTC and ETH supra CoinDesk’s disclosure threshold of $1,000.
The Financial Accounting Standard Board (FASB) connected Wednesday reportedly unanimously voted to statesman a task to reappraisal the accounting for exchange-traded integer assets and commodities.
The quality was tweeted out by MicroStrategy (MSTR) CEO Michael Saylor, whose institution holds much than 129,000 bitcoin (BTC) connected its equilibrium sheet. The FASB tract shows "Accounting for Exchange-Traded Digital Assets and Commodities" connected the committee gathering docket for today, but has not yet been updated with the results of immoderate vote.
As Saylor has antecedently noted, existent rules whitethorn discourage companies from holding bitcoin connected their equilibrium sheets arsenic the accounting forces charges erstwhile prices caput lower, but does not let for thing to beryllium recouped erstwhile prices rise.
Bitcoin bulls judge a clearer and much evenhanded attack would marque it acold easier for companies and different institutions to clasp the crypto successful their treasuries.
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Stephen Alpher is CoinDesk's co-regional quality chief, Americas. He holds BTC and ETH supra CoinDesk’s disclosure threshold of $1,000.
Stephen Alpher is CoinDesk's co-regional quality chief, Americas. He holds BTC and ETH supra CoinDesk’s disclosure threshold of $1,000.
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