FASB issues new guidance on Digital Assets

FASB (Financial Accounting Standards Board) has just issued new guidance on Digital Assets  indicating that public companies will be able to value certain  digital assets at Fair Market Value on their Balance Sheets. This directive was long hoped for as public companies previously had to report digital assets at their historical cost minus impairment charge. They did not receive the benefit of a value increase but instead had to report at its lowest value since purchase. Please see the article below by Bitwave:

FASB Issues New Guidance On Digital Assets: 5 Things To Know