DigitalDynastyGuard
Tue Sep 03 2024
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5 answers
929
Is cryptocurrency an intangible asset in IAS 38?
Could you please elaborate on whether cryptocurrency should be classified as an intangible asset under the International Accounting Standard 38 (IAS 38)? The standard defines an intangible asset as an identifiable non-monetary asset without physical substance, but cryptocurrency has unique characteristics that might pose challenges in determining its proper classification. Is there a consensus among accountants and regulators on this matter, or is it still a matter of debate?
