Cryptocurrencies for the Payment of Products or Services: Risks, Accounting Practices and Regulations
Keyword(s):
This paper examines the risks, accounting practices and disclosures of companies who accept cryptocurrency for the payment of products or services. We provide a brief history of cryptocurrency and blockchain technology that allows the reader to deepen their understanding of the subject before moving on to a discussion of how regulatory bodies such as the Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC) and the Internal Revenue Service (IRS) are treating the accounting for cryptocurrency transactions.
1991 ◽
Vol 18
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pp. 155-192
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2006 ◽
Vol 6
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pp. 1-21
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2009 ◽
Vol 19
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pp. 31-58
2005 ◽
Vol 19
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pp. 115-134
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2014 ◽
Vol 88
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pp. 166-175
2011 ◽
Vol 18
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