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In The Media

fair value measurement

by Larry Chiang on September 7, 2023

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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.

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