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ARTICLE · 14 NOVEMBER 2019

Digital Assets – What Are They And Can They Be Reliably Valued?

FASB and IASB have indicated they consider many digital assets to be most similar to indefinite-lived intangible assets or possibly inventory.

United StatesTechnology

Overview

In the realm of digital assets, recent headlines have included:

  • Cryptocurrencies and digital assets create fair value headaches
  • Crypto not a threat to the traditional monetary system, say experts
  • Digital currency operators must comply with rules governing money laundering

Such headlines are just the tip of the iceberg in seeking to understand some of the key uses of blockchain technology such as tokens, coins, initial coin offerings (ICOs) and virtual currencies. Governments, regulators, tax authorities, accounting standard setters, law enforcement and, of course, institutional and individual investors all have an interest in understanding, controlling and profiting from the emerging world of digital assets.

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