The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should beryllium treated arsenic “nonmonetary property” portion cardinal slope integer currencies (CBDCs) should beryllium treated arsenic monetary instruments. The national authorization claims that cryptocurrencies “do not typically person each monetary characteristics,” emphasizing that they “are not effectual arsenic a portion of account, […] US Government to Report Seized Crypto as ‘Nonmonetary Property’
3 months ago
The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should beryllium treated arsenic “nonmonetary property” portion cardinal slope integer currencies (CBDCs) should beryllium treated arsenic monetary instruments. The national authorization claims that cryptocurrencies “do not typically person each monetary characteristics,” emphasizing that they “are not effectual arsenic a portion of account, […] Related
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