Cryptocurrencies And IFRS: Current Developments, Accounting Principles, And The Role Of EU MiCA

Cryptocurrencies have moved from niche digital experiments to mainstream financial instruments held by corporations, investment funds, and even governments. Their rapid rise challenges traditional accounting frameworks, particularly the International Financial Reporting Standards (IFRS), which were not designed with decentralized digital assets in mind. As cryptoassets become more integrated into business models, the need for clear, consistent accounting principles grows urgent. At the same time, regulatory initiatives such as the European Union's Markets in Crypto-Assets (MiCA) Regulation are reshaping the landscape, providing legal clarity that will inevitably influence accounting practice.