FASB Rules ‘Eliminate the Poor Optics’ That Shied Firms from Crypto, Says Analyst

The recent regulations from the U.S. Financial Accounting Standards Board (FASB) regarding cryptocurrency accounting are set to improve the perception of companies holding digital assets, according to analysts at Berenberg Capital.

On September 6, the FASB approved new guidelines concerning how businesses should report the fair value of their cryptocurrency holdings on their balance sheets.

This significant change aims to address the negative optics that have previously affected companies involved in digital asset investments.