Cryptocurrency

Articles On This Page

Crypto Assets – FASB Discusses Accounting for Transfers of Crypto Assets

Crypto Assets – FASB Discusses Accounting for Transfers of Crypto Assets

Summary - As reported in its “Summary of Decisions” publication, the FASB met on April 15, 2026, and began deliberations on the Accounting for Transfers of Crypto Assets project and made the following decisions:

• To expand the scope of Subtopic 350-60, Intangibles—Goodwill and Other—Crypto Assets, by revising paragraph 350-60-15-1(b) to address crypto assets that provide the holder with a right to receive another crypto asset that would be within the scope of Subtopic 350-60.
• To clarify the existing disclosure guidance in Subtopic 350-60 by providing an example of a tabular disclosure illustrating that wrapped tokens, if significant, would be disclosed separately from other significant crypto asset holdings.

At a future meeting, the FASB will consider clarifying the derecognition guidance for crypto transfer arrangements to assess whether the control of a crypto asset has been transferred.

For more information, click here.

© 2026 CCH Incorporated and/or its affiliates. All rights reserved. Used with permission.