The U.S. Financial Accounting Standards Board plans to finalize several key accounting rules, including disclosures related to crypto assets, in 2023

ChainCatcher news, according to the Wall Street Journal, the Financial Accounting Standards Board (FASB) plans to finalize several key accounting rules next year, including requiring companies to disclose more details about their cryptocurrency holdings and to list certain expenses on the income statement. In addition, FASB is committed to establishing clear accounting and disclosure rules for companies holding Bitcoin and other crypto assets. The proposed cryptocurrency-related rules are expected to be released in the first half of 2023 and will affect a small number of companies, as only a few non-crypto businesses hold cryptocurrencies. (Source link)