Tagged: ifrs

International Standards Body Says Cryptocurrency Holdings Are Not Cash, But May Qualify As Intangible Asset

September 25, 2019 @ 2:45 am By Omar Faridi |

Cryptocurrency holdings are not considered cash, however, they may be classified as an intangible asset, according to the Korea Accounting Institute, which referenced decisions made following a conference in London (in June) by the International Financial Reporting Interpretations Committee (IFRIC). London-headquartered IFRIC, a global accounting… Read More

How Do You Account for That? The IFRS to Address Accounting for Cryptocurrency in Meeting Next Week

June 4, 2019 @ 5:53 pm By JD Alois |

The IFRS (International Financial Reporting Standards Foundation) has been ruminating on the challenges of accounting for cryptocurrency for some time now. Next week (June 11-12), the IFRS Interpretations Committee will be holding a meeting in London with crypto on the agenda listed as one of… Read More