CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
coinpedia 2023-09-07 06:31:28

MicroStrategy’s Crypto Assets: Will New US Accounting Rules Reverse Market Trends?

The post MicroStrategy’s Crypto Assets: Will New US Accounting Rules Reverse Market Trends? appeared first on Coinpedia Fintech News According to the recent Bloomberg report, US accounting standards have greenlit new rules for valuing cryptocurrencies like Bitcoin and Ethereum. These accounting rules, slated for release by the end of 2023, will oblige companies with crypto holdings to report them at their current value, accounting for price fluctuations. While this could add volatility to earnings, …

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.