Explain how the above question will be investigated and why the above question is important. What is Crypto Currency?
Approach: How crypto has been treated in the past, the new announcement, and Examples of companies with lots of cryptos.
Importance: A cryptocurrency is a form of investing that has grown exponentially in recent years with 1 in 5 adults estimated to have taken part in it. Therefore, the FASB must ensure that its standards are the best they can be. Be sure you establish criteria for evaluation of the above question so that it is clear.
Conclusion: Impact of change in policy should it be treated as an intangible or financial asset? What is the best way?
