Community Articles
via crypto.news · By crypto.news Editorial
FASB sets 3 tests for stablecoins to qualify as cash
CE
crypto.news Editorial(04:59 AM UTC)
1 min read
The Financial Accounting Standards Board (FASB) proposed new U.S. accounting guidance on Aug. 18 that would clarify when companies may present certain stablecoins as cash equivalents.
Summary
- FASB proposes allowing qualifying stablecoins to be presented as cash equivalents without changing GAAP’s definition.
- Qualifying tokens require issuer redemption…
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleComments
Comments
Other Community Articles