Digital assets, popularly called cryptocurrencies, have been gaining immense steam over the past few years. Indeed, they are the most common examples of blockchain technology today. India alone saw about 20 million people joining the crypto club in 2021. People can barely miss a cryptocurrency-centered headline when they switch to business news. For quite a while, cryptocurrencies, including Bitcoin, have gathered the center stage for various reasons, especially their fluctuating valuation.
With that considered, the accounting rulebook for cryptocurrency has failed to keep pace with today’s environment. So much that experts across geographies have sparked debates and discussions on establishing universally-accepted norms for cryptocurrency accounting.
Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once again find myself spending way to much time both reading and commenting. But so what, it was still worth it!
2 thoughts on “Cryptocurrency Accounting: Bringing Bitcoin to the Balance Sheets”
Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once again find myself spending way to much time both reading and commenting. But so what, it was still worth it!
This article provides valuable information. The author presents a clear and concise argument, and supports it with relevant statistics and examples. Overall, this is a well-written and informative piece that is a valuable resource for anyone concerned.