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RE: FASB Move A Major Win For Cryptocurrency

in LeoFinancelast year

I didn't know all these were happening, so thank you for sharing. By the way you described it, this is a really great news for crypto. Big corporations can treat BTC like gold [digital gold?] and hold it for a long time. Since it is not only for BTC, other tokens could see an increase in price as well.

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They can have BTC in their treasury and treat it, from an accounting standpoint, like any other asset.

Keep in mind this is US only. I do not know the laws in other areas such as the EU.

I see. EU tends to be stricter in some aspects, but hopefully they follow suit. That would be very advantageous for all involved.