Giulia
Mon Aug 05 2024
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6 answers
1743
Does accounting for cryptocurrency assets fit within the IFRS framework?
Could you elaborate on whether the recognition and measurement of cryptocurrency assets can be effectively addressed under the International Financial Reporting Standards (IFRS) framework? Given the unique characteristics of cryptocurrencies, such as decentralization, volatility, and anonymity, are there any specific challenges or considerations that need to be addressed to ensure compliance with IFRS? Additionally, how does the current IFRS guidance on intangible assets and financial instruments apply to the accounting treatment of cryptocurrencies?
