Growing Your Income

Accounting For Bitcoin Digital Assets – Bitcoin Magazine

This is an opinion editorial by Matt Maraia, a CPA looking to help educate the Bitcoin community on the ever-changing regulations on accounting standards.

As the evolving digital assets ecosystem continues to pose more questions than answers within the accounting sector, members of the Financial Accounting Standards Board (“FASB”) delivered some groundbreaking news. On May 11, 2022, the FASB voted in favor of holding future discussions on the current dilemma presented by corporate cryptocurrency investments, signaling a potential overhaul to current accounting guidance on digital assets.