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EFRAG publishes discussion paper on crypto-assets (liabilities)

  • EFRAG document (dk green) Image

20 Jul 2020

The European Financial Reporting Advisory Group (EFRAG) has published a discussion paper (DP) 'Accounting for Crypto-Assets (Liabilities): Holder and Issuer Perspective'. The DP provides possible approaches to address the gaps in crypto-assets (liabilities) requirements.

Specifically, the DP considers three possible approaches the IASB could take:

  • No amendments to existing IFRS requirements.
  • Amend and/or clarify existing IFRS requirements.
  • A new Standard on crypto-assets (liabilities) or a broader category of digital assets (liabilities).

The DP and a press release are available on the EFRAG website. Comments are due by 31 July 2021.

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