NFTs - Page 8

NFTs are unique cryptographic tokens that can represent digital or real-world items. They are non-fungible, and are help in establishing a clear chain of ownership over an asset.

FASB Mandates Fair Value Accounting for Bitcoin, Cryptocurrencies

December 16, 2024
The Financial Accounting Standards Board (FASB) has officially implemented its new Fair Value accounting rules for Bitcoin and other eligible cryptocurrencies. The FASB rules will require companies to assess and report their crypto assets, including Bitcoin, at fair value in their financial statements. These updates, which took effect on December 15, mandated that businesses adjust
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