The U.S. Federal Accounting Standards Advisory Board considers confiscated cryptocurrencies as "non-monetary assets."
Bitget2024/06/23 04:04
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
The U.S. Federal Accounting Standards Advisory Board (FASAB) stated that seized cryptocurrencies should be considered as "nonmonetary property", while Central Bank Digital Currencies (CBDCs) should be regarded as monetary instruments. FASAB noted that cryptocurrencies "typically do not possess all the characteristics of money," emphasizing they "cannot effectively serve as a unit of account, medium of exchange, or store of value."
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Tesla says it will add a shift to strive to complete Cybercab orders on schedule
智通财经•2026/11/07 18:30
Crypto prices
More
Bitcoin
BTC
$75,558.81
-0.54%
Ethereum
ETH
$2,228.15
-0.79%
Tether USDt
USDT
$0.9986
-0.00%
BNB
BNB
$693.74
-0.33%
XRP
XRP
$1.16
-1.88%
USDC
USDC
$0.9998
+0.00%
Solana
SOL
$88.87
-1.83%
TRON
TRX
$0.3202
+0.83%
Zcash
ZEC
$1,240.47
-8.59%
Hyperliquid
HYPE
$77.38
-2.32%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now