The Financial Accounting Standards Board's new rule becomes effective in 2025, but companies can apply it earlier.
The rules become active in 2025, but companies can apply it earlier.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The Financial Accounting Standards Board, a U.S. regulating body that sets general accounting practices, has approved new rules to allow companies to report their crypto holdings at fair market value.
The rules will be published by the end of 2023 and become active in 2025, but companies can apply the rules early, Bloomberg LawCody Carbone, vice president of policy at the blockchain trade association Chamber of Digital Commerce,"The previous accounting measurement was one of the biggest barriers for institutions to hold crypto — they were measured at impairment ," he added."Fair value makes sense and will encourage institutional holdings of crypto.
Fair market value describes an asset's most recent valuation, which can include prices recovering after a dip.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former CEO of Brazil's Americanas denies knowledge of accounting fraud By ReutersFormer CEO of Brazil's Americanas denies knowledge of accounting fraud
Read more »
EPA delays new ozone pollution standards until after 2024 electionThe Environmental Protection Agency is delaying plans to tighten air quality standards for ground-level ozone — better known as smog — despite a recommendation by a scientific advisory panel to lower air pollution limits to protect public health
Read more »
EPA delays new ozone pollution standards until after 2024 electionThe Environmental Protection Agency is delaying plans to tighten air quality standards for ground-level ozone — better known as smog — despite a recommendation by a scientific advisory panel to lower air pollution limits to protect public health.
Read more »
EPA delays new ozone pollution standards until after 2024 electionThe Environmental Protection Agency is delaying plans to tighten air quality standards for ground-level ozone — better known as smog — despite a recommendation by a scientific advisory panel to lower air pollution limits to protect public health.
Read more »
EPA delays new ozone pollution standards until after 2024 electionThe Environmental Protection Agency is delaying plans to tighten air quality standards for ground-level ozone — better known as smog — despite a recommendation by a scientific advisory panel to lower air pollution limits to protect public health.
Read more »
Environmental Protection Agency delays new ozone pollution standards until after the 2024 electionThe Environmental Protection Agency is delaying plans to tighten air quality standards for smog despite a recommendation by a scientific advisory panel to lower air pollution limits to protect public health
Read more »