PANews December 16 news, according to a report from Bitcoin Magazine reposted by The Bitcoin Historian, the FASB fair value accounting rules officially take effect for Bitcoin today. Previously, companies could only assess the value of Bitcoin based on the purchase price, rather than its appreciation.
The image shows that MicroStrategy founder Michael Saylor stated last week: The FASB (Financial Accounting Standards Board) has officially passed the fair value accounting rules for Bitcoin, which will apply to fiscal years starting after December 15, 2024. This improvement will encourage companies to adopt Bitcoin as a reserve asset.
