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Cryptoknowmics 2023-02-02 10:11:37

FASB Lays Down New Regulations for Crypto Accounting and Disclosure

The Financial Accounting Standards Board aka FASB has put forward a proposal to introduce new regulations on crypto, especially on accounting and disclosure. According to the new rule, crypto exchanges and crypto-related firms are required to undergo specific accounting standards and other guiding principles. FASB Voted for Regulations on Crypto Accounting & Disclosure in 2022 Previously, in May 2022, the FASB voted to set specific rules on crypto accounting and disclosure, specifically on the cryptocurrencies such as Bitcoin and Ethereum, with the intention to provide more information to investors. Notably, crypto companies and investors were highly demanding such a regulation in the The post FASB Lays Down New Regulations for Crypto Accounting and Disclosure appeared first on Cryptoknowmics-Crypto News and Media Platform .

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