Changes in Accounting Standards in the US! New Rules Will Be Applied for Bitcoin - Coin Bulletin

The Financial Accounting Standards Board (FASB) of the United States officially began applying fair value accounting rules for Bitcoin as of today.

Previously, companies could only assess the value of Bitcoin based on the purchase price and could not take into account any increase in value.

A new era for companies

This regulation will significantly change the way Bitcoin is managed as a reserve asset. Michael Saylor, the founder of MicroStrategy, described FASB's move as a critical change in his statement last week.

The new accounting standards will be applicable for fiscal years beginning after December 15, 2024. However, this development is expected to accelerate companies' tendency to adopt Bitcoin as a reserve asset.

Impact on corporate finance strategies

This move by the FASB could increase the integration of Bitcoin into corporate finance strategies. With fair value accounting, companies will be able to reflect increases in Bitcoin's market capitalization on their balance sheets. This could result in wider acceptance of Bitcoin and a strengthening of companies' motivation to consider Bitcoin as a reserve asset.

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