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New fair value Bitcoin accounting rules go live paving way for corporate reserve adoption

  • The Financial Accounting Standards Board (FASB) has implemented its Fair Value accounting rule for crypto, effective Dec. 15, 2024.
  • Under the new rule, companies must measure their crypto holdings at fair value and update these valuations in every reporting period.
  • The rule applies only to fungible digital assets such as Bitcoin and Ethereum, excluding nonfungible tokens (NFTs).
  • This regulatory progress is expected to enhance transparency, drive institutional adoption, and provide stakeholders with better insights into the financial health of companies.

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