The U.S. Accounting Standards Board will consider adding a new accounting item for “crypto asset transfers”

According to Foresight News, according to Bloomberg, the U.S. Accounting Standards Board (FASB) will meet on November 19 to discuss whether to include “accounting treatment of crypto asset transfers” in its technical agenda. The meeting will focus on studying the following possible treatment paths: expanding the scope of application of the crypto-asset accounting standards (FASB 2023 rules) promulgated in 2023; clarifying the derecognition guidance when crypto-assets are transferred; or taking the above two measures at the same time.

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