CEO at DeFi Alliance DAO

DeFi Alliance DAO

πŸš€ Breaking News: FASB Approves Reporting Cryptocurrency Holdings at Fair Value πŸ“ŠπŸ“ˆ The Financial Accounting Standards Board (FASB) has voted to allow companies to report their Bitcoin and cryptocurrency holdings at fair value in a significant development that could reshape financial reporting for companies in the United States. Key Highlights: πŸ“Š Fair Value Reporting: This decision marks a departure from traditional accounting practices, as it permits companies to report their cryptocurrency holdings based on their current market value rather than historical cost. 🌐 Industry Impact: Companies holding cryptocurrencies like Bitcoin will now have the option to reflect the dynamic nature...