The Financial Accounting Standards Board is tackling cryptocurrency accounting challenges that have plagued institutional investors for years. Two major digital asset projects on its 2026 technical agenda could finally deliver the clarity mainstream financial institutions have been demanding.

A New Era Of Transparency Began In 2024

The accounting profession’s approach to digital assets underwent a major transformation when FASB released Accounting Standards Update 2023-08 back in December 2023. Taking effect for fiscal years starting after December 15, 2024, this guidance introduced fair value measurement requirements for cryptocurrency holdings, with valuation adjustments hitting the…

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