US regulators are developing improved accounting standards for Bitcoin and other cryptocurrencies, which are expected to be released by the end of the year. The new regulations will require companies holding or investing in cryptocurrency to disclose their holdings at fair value, reflecting the most current asset value.
While the forthcoming standards are expected to introduce greater volatility into the financial reports of crypto-intensive companies, they represent an improvement over existing practices. However, the regulations do not encompass non-fungible tokens, stablecoins, or wrapped tokens, which have been excluded from the final framework.
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