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Maryama 🎩 🎭
@maryama
The US government reported the seized cryptocurrencies as “non-monetary assets”. The Federal Accounting Standards Advisory Board (FASAB) has specified that seized crypto assets should be considered "non-monetary assets
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Bahar 🧚‍♀️ 🎭
@baharrp
Thanks for sharing
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Ivar🐹🎭⚡️🍖
@ivarr
Thank you for sharing this topic
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Bahar🎭
@3720264181bahar
Bitcoin can have a bright future 5 $DEGEN
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Maryam🎩💎🎭🍄🐹
@maryamm13
bitcoin is the king among all
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maryam🎩👍🔵🎭
@hasanrastegar
Cryptocurrencies are typically used as an investment tool or store of value, not as cash for day-to-day transactions. This makes the nature of these assets different from cash and they need to be classified separately
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Dima🎭
@dima1390
Digital currencies such as Bitcoin and Ethereum, unlike fiat currencies, are not issued or guaranteed by any government. They operate in a decentralized manner and lack features such as liquidity and universal acceptance of traditional currencies
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RONIA🐹🎩
@ronia
tnx for sharing this info
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susan 🎩🍖🐹🎭 pfp
susan 🎩🍖🐹🎭
@susiii
Non-monetary assets are not readily converted into a fixed amount of money in the short term.
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Masoud69
@masoud691114
tnx for sharing this info
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suzan 🎩🍖🔵🎭
@shokre9
FarCon is a curated, multiday experience designed to convene, connect, and celebrate the driving forces behind Farcaster's ecosystem: all of us
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Nastaran 🎭
@shahla
By classifying them as non-monetary assets, the government recognizes that their value can fluctuate significantly, unlike traditional monetary assets such as cash or equivalents.
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Mare🎭
@ezabel
Cryptocurrencies are known for their price volatility.
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Saman 🎩🎭
@elham1366
Non-monetary assets are items that cannot be easily converted to cash or have a value that is not fixed in terms of money. Examples include property, equipment, and certain types of investments.
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saman 🎩🎭
@somi1366
The classification of seized cryptocurrencies as "non-monetary assets" by the US government and the Federal Accounting Standards Advisory Board (FASAB) reflects a careful approach to handling digital assets within regulatory and accounting frameworks
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