Abstract:

With the effect of globalization, significant changes and developments have occurred in technology. Especially in recent years, as a result of the developments in internet technology, both economic life and social life have been significantly affected. Changing human needs and the possibilities provided by internet technologies have caused the classical means of exchange and transfer methods to change. One of the developments in this direction is the "Blockchain" technology, which we translate as Blockchain. With the Blockchain technology method, people can perform their assets and asset transfers in a fast, reliable and transparent manner without the need for a central authority. With the use of this technology, one of the alternative means of exchange that has entered our lives is crypto currency. The most important advantage in the use of cryptocurrencies is that the transaction costs are minimal due to the fact that the transfers take place electronically, and the transactions are carried out quickly and reliably. For these reasons, the interest in crypto money in today's world is increasing day by day, and the use of crypto money has also become widespread. With the widespread use of cryptocurrencies, the issue of how to account for cryptocurrencies has also come to the fore. In terms of accounting standards, there are no regulations for cryptocurrencies. However, studies have focused on what kind of asset cryptocurrencies should be classified as. In this study, firstly, cryptocurrencies and the blockchain system that led to the emergence of these coins were mentioned. Then, what kind of an asset and accounting for cryptocurrencies within the scope of TMS / TFRS are examined with case studies. As a result of the study, it is considered that it would be appropriate to monitor cryptocurrencies in 108 Other Liquit Assets Account for speculative purchases and sales, and cryptocurrencies obtained as a result of mining in 157 Other Stocks Accounts for businesses operating in cryptocurrencies.

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