Corporate Bitcoin (BTC) Adoption Seen Increasing After FASB Vote

Fibo Quantum

Currently, accounting rules only let companies record increases in the value of their digital assets when they sell them – though losses are reflected at least once a year. But, on Wednesday, the Financial Accounting Standards Board (FASB) voted to take another path, letting companies use fair-value accounting that allows them to show gains and losses immediately on their income statements.

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