FASB Proposes New Rules for Reporting Crypto Asset Transfers

Published at 2025-11-14 13:31:46

On Nov. 14, 2025 the Financial Accounting Standards Board proposed new guidance to govern how transfers of cryptocurrency assets are reported. The draft aims to close gaps in current practice by clarifying when a movement of crypto should be recorded as a sale, a transfer of custody, or another type of transaction, and by strengthening measurement and disclosure requirements to improve comparability across companies.

If finalized, the proposal could affect custodians, exchanges, corporates and auditors by reducing inconsistent bookkeeping and the risk of misstated exposures. FASB will open a public comment period before issuing a final standard, so firms that hold or move digital assets should review potential changes to recognition, valuation and internal control documentation as the rulemaking progresses.

RegulationAccountingCryptocurrencyFinancial ReportingFASB

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