Does IFRS apply to cryptocurrencies?

Could you clarify for me whether the International Financial Reporting Standards, or IFRS, have any direct applicability to the realm of cryptocurrencies? Given the unique nature of digital currencies and the decentralized systems they often rely on, I'm curious to know if these standards, designed primarily for traditional financial instruments and institutions, can be seamlessly applied to the world of crypto. Are there any specific guidelines or interpretations within IFRS that cater specifically to cryptocurrencies, or do they require a more nuanced approach when accounting for and reporting on such assets?