Is Cryptocurrency a financial asset or intangible asset???
What is correct accounting treatment of it??
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Cryptocurrency
6y ago#1Intangible 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
6y ago#3https://www.accaglobal.com/in/en/student/exam-support-resources/professional-exams-study-resources/strategic-business-reporting/technical-articles/cryptocurrencies.html
Thank you
6y ago#5A pleasure. Have a great day.
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