TechFlow, November 14 — According to Bloomberg, the Financial Accounting Standards Board (FASB) will discuss next Wednesday whether to add a project on accounting for transfers of crypto assets to its technical agenda. The meeting will focus on several potential approaches: expanding the scope of the landmark crypto asset accounting standard issued in 2023 (FASB 2023 rule); clarifying derecognition guidance upon transfer of crypto assets; or pursuing both measures simultaneously.
This meeting comes just weeks after FASB most recently added another technical project aimed at clarifying whether certain digital assets, such as stablecoins, can be classified as cash equivalents.
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