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cryptonews

2021-02-11 21:00:00

Tesla Bitcoin Buy Highlights Need to Fix US Accounting Rules

Tesla Bitcoin Buy Highlights Need to Fix US Accounting Rules

Tesla’s much-discussed recent decision to make a USD 1.5bn bitcoin (BTC) purchase continues to generate ripples in the American business pond – and has led some to claim accountancy rules should be updated to cover corporate crypto investments.Industry observers are calling on the regulatory Financial Accounting Standards Board (FASB) to update the conventional

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