Breaking: FASB Says No Crypto Rules Needed As It Expects Cryptocurrencies To Be Gone in 5 Years

The FASB’s stance on cryptocurrencies came out as the California Society of CPAs is pushing for clarity in accounting and disclosure rules regarding cryptocurrencies. According to CalCPA, which is made up of 54 committee members, they have concerns about the divergence in reporting methods by companies dealing with cryptocurrencies on their financial statements.


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