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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Cryptocurrency
Is Cryptocurrency a financial asset or intangible asset???
What is correct accounting treatment of it??
Intangible is the most likely answer
Unlikely to be financial asset as no right to convert for cash (as with a bond)
It is useful to read the technical article about cryptocurrency found on the ACCA website
Thank you
A pleasure. Have a great day.