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Corporate Bitcoin (BTC) Adoption Seen Increasing After FASB Vote

September 7, 2023
in Crypto Updates
Reading Time: 1 min read
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At the moment, accounting guidelines solely let corporations document will increase within the worth of their digital property after they promote them – although losses are mirrored no less than every year. However, on Wednesday, the Monetary Accounting Requirements Board (FASB) voted to take one other path, letting corporations use fair-value accounting that permits them to point out beneficial properties and losses instantly on their earnings statements.

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Tags: AdoptionBitcoinBTCCorporateFASBincreasingVote
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