The Federal Accounting Standards Advisory Board (FASAB) has said that seized crypto assets should be treated as "nonmonetary property," while central bank digital currencies (CBDCs) should be treated as monetary instruments.
Cryptocurrences "generally do not have all the monetary characteristics", FASAB said, stressing that they "cannot function effectively as a unit of account, medium of exchange or store of value".
The US Federal Accounting Standards Advisory Committee considers seized cryptocurrencies as "non-monetary property"
2024-06-23 02:09:00
United States federal congress accounting advisory committee fasab representation encryptiondesk3cryptocurrencydesktopCrypto News
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