Photograph of skyscrapers with glass windows from the ground facing up to a blue sky

Tag: bitcoin

Child loses board game

Court Decisions Further Complicates Crypto Regulation

Child loses board game

The Securities and Exchange Commission has suffered yet another loss on a cryptocurrency issue in court, adding more upheaval to the messy process of building a new regulatory regime from scratch. The latest legal setback came in the form o...

Read More
Cryptocurrencies fair value accounting.

FASB (Finally) Backs Fair-Value Accounting for Cryptocurrency Assets

Cryptocurrencies fair value accounting.

Cryptocurrency enthusiasts don’t exactly seem like rule-following types. In fact, defying convention likely makes up much of crypto’s appeal for many digital-token owners. Pesky things like accounting standards probably don’t even show up o...

Read More
Football Game Official Discussing Intangible Assets

Crypto Accounting Rules Could Make for Messy Financial Statements

Football Game Official Discussing Intangible Assets

For any job seekers who are familiar with cryptocurrencies, the Securities and Exchange Commission is hiring. The agency announced earlier this month that it has added 20 new positions to the Crypto Assets and Cyber Unit in its Division of...

Read More
A Quick Response QR Code for GAAP

Ruling Spotlights Hole in Crypto Accounting

A Quick Response QR Code for GAAP

If you were one of the millions of viewers who tuned in over the weekend to watch the Los Angeles Rams outlast the Cincinnati Bengals in Super Bowl LVI, you saw a barrage of commercials for cryptocurrencies and crypto-related businesses. On...

Read More
Anonymous BTC transaction tracked by IRS

Crypto Crimes Put Digital Tokens in Government’s Sights

Anonymous BTC transaction tracked by IRS

By now you’ve probably seen the ad with actor Matt Damon strolling through a warehouse filled with holograms. He talks with pity about the people throughout history who “almost” succeeded. “The Bourne Identity” star contrasts them with astr...

Read More