Abstract:

Living conditions, change in needs, technological developments and financial crises have played an important role in the development of money. In literature, it is stated that Bitcoin cryptocurrency was born after the 2008 financial crisis. The cross-border monetary system developed by Satoshi Nakamoto, along with Bitcoin, has led to the emergence of the concepts of cryptocurrency assets, blockchain and distributed book technology. It is observed today that there are numerous crypto assets available, there is an increase in the number, type and volume of cryptocurrency assets. This expansion has also led to the issue of accounting of Bitcoin and other crypto assets. This study was aimed at providing information about cryptocurrency assets, the variety, supply and current status of cryptocurrency assets, examining the temporary agenda decisions on the accounting of cryptocurrencies presented to the public by IASB, and examining the accounting of other cryptocurrency assets other than cryptocurrency. IASB has announced a temporary decision that if cryptocurrencies are retained for sale, they will be assessed under the IAS 2 Stock Standard, and in other cases under the IAS 38 Non-Material Duran Asset Standard. On the other hand, it may also be recommended to make the necessary arrangements for the accounting of cryptocurrency assets outside of cryptocurrency.

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