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Crypto accounting for startups | Finance Basics with Kruze Consulting’s Scott Orn | E1339

This Week in Startups

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Are You Nervous About Crypto?

There's an accounting group that sets the, like the gap standards and all that stuff. Have they started putting on crypto best practices yet? The a i c p a has given out some guidance. Some of the stuff we caund talk about is like some basic accounting. Like if you have a bunch of crypto on your balance sheet and it goes down, the guidance from those groups is to write it down. This is when crypto is not your business. And then the guidance its, it doesn't make a ton of sense, but it's an intangible asset,. Theyll want you to take the right down, but they don't want you to write it up - which doesn't make

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