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The US Accounting Standards Board will consider adding a new accounting item for "crypto asset transfers"

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2025-11-14 00:56:54
On November 14th, according to Bloomberg, the US accounting standard-setting body, the Financial Accounting Standards Board (FASB), will meet on November 19th to discuss whether to officially include the "accounting treatment of cryptoasset transfers" in its technical agenda. The meeting will focus on the following possible treatment paths: expanding the scope of application of the landmark cryptoasset accounting standard issued in 2023 (FASB2023 rule); clarifying the "derecognition" accounting guidelines when transferring cryptoassets; or taking both of the above measures. The meeting comes just weeks after the FASB recently added another technical project to clarify whether certain digital assets such as stablecoins can be classified as "cash" equivalents.
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