Written by: Barbora Choi on Thu Oct 16

How to classify and account for crypto assets?

US GAAP takes the lead.

'Crypto' meaning "secret" or "hidden, not evident or obvious," used in forming English words at least since 1760.

Support for crypto-assets by the current US administration speeds up regulatory activities - and accounting guidance - in the USA.

There is a lot happening as summarized in the great podcast linked below, which was the basis for my today's post.


headline based on etymoline.com.