Tesla and Block among Bitcoin-holding firms expecting big boost from FASB rule change in late 2024 – Canada Boosts
The Monetary Accounting Requirements Board, an outfit referred to as FASB that helps create guidelines for company bookkeeping, printed a bulletin on Wednesday about implementing a long-awaited rule change that may profit corporations that maintain Bitcoin and different cryptocurrencies. Beneath the present accounting regime, corporations akin to Tesla and Block that maintain Bitcoin should report…