The U.S. Accounting Standards Board will explore whether certain stablecoins qualify as "cash equivalents."
BlockBeats News, December 31st, according to
FASB Chairman Rich Jones stated that these crypto projects have been added to the agenda. Earlier, FASB required businesses to account for cryptocurrencies like Ethereum and Bitcoin at fair value in 2023, but that rule excluded NFTs and certain stablecoins at that time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Qatar Energy chief refutes Besent: The Strait of Hormuz will never be "worthless"
Qatar's Minister of Energy, Saad Al Kaabi, stated that US Treasury Secretary Scott Besent's claim that the Strait of Hormuz will become "worthless" within two years is "incorrect."
Stacks crypto jumps 13% – Could STX bulls extend the price rally?
Tom Lee predicts the S&P 500 could surpass 8,200 points by the end of the year
Michael Saylor, BlackRock, Metaplanet, and Strive purchase Bitcoin
Crypto prices
More
