International Accounting Standards Board believes Bitcoin will be gone within five years126

The FASB and IASB, the two main rule-setting bodies for accounting standards worldwide, cited “lack of usage” as the main reason for not clarifying cryptocurrency accounting treatments. So far, onerous accounting standards have hindered Bitcoin and cryptocurrency adoption.

The California Society of CPAs (CalCPA) is pushing for clearer accounting and disclosure rules for cryptocurrencies.

Original source
https://cryptoslate.com/international-accounting-standards-board-believes-bitcoin-will-be-gone-within-five-years/

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