FASB Issues Final Standard on Crypto Assets

Published on: Dec 15, 2023

This Heads Up addresses the FASB’s recently issued Accounting Standards Update (ASU) No. 2023-08, Accounting for and Disclosure of Crypto Assets. The ASU requires entities to subsequently measure certain crypto assets at fair value, with changes in fair value recorded in net income in each reporting period. In addition, entities are required to provide additional disclosures about the holdings of certain crypto assets.

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