Fair value accounting is coming to #Bitcoin. This upgrade to FASB accounting rules eliminates a major impediment to corporate adoption of $BTC as a treasury asset.
https://t.co/MjVzUJRVjX
#Binance Charity
Revolutionizing Charity: How Crypto is Making a Difference
This education aspect ... as organizations are not only providing fish but teaching people how to catch their own. Recipients have access to a new financial system forever.
https://t.co/h0tDTzyo8p
BREAKING: 🇺🇸 Long-awaited #Bitcoin and crypto accounting reform has been passed in a unanimous vote by FASB, allowing companies to use fair value measurement on their books - Bloomberg
This is HUGE!
‼️ Previously companies could only value their bitcoin at the lowest price since they bought it, which meant they would have to record losses, but not the gains when the price recovered.
Bitcoin keeps notching up the wins.
🚨 BREAKING 🚨
🇺🇸 JP Morgan have said SEC will likely
be forced to approve #Bitcoin spot
ETFs in coming weeks because of the
Grayscale’s victory in court.
Bitcoin ETF is coming guys 🔥