REGULATORY FRAMEWORK: NAVIGATING ACCOUNTING STANDARDS FOR CRYPTO AND FOREX
https://doi.org/10.5281/zenodo.15527239
Keywords:
Cryptocurrency, Forex, Accounting Standards, IFRS, GAAP, Regulatory Compliance, Digital Assets, Financial Reporting, IASB, FASB, Volatility, Policy RecommendationsAbstract
This article examines the evolving regulatory landscape surrounding accounting standards for cryptocurrency and foreign exchange (forex) transactions. As digital currencies and international trading gain momentum, existing financial reporting frameworks struggle to adequately address their complexity and volatility. The study reviews current international accounting standards (e.g., IFRS, GAAP), identifies regulatory gaps, and evaluates guidance provided by standard-setting bodies such as the IASB and FASB. It also highlights best practices for ensuring compliance, consistency, and transparency in crypto and forex accounting. The paper offers policy recommendations for regulators and accounting professionals navigating this dynamic financial environment.
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Mahalle, Abhishek, Tao, Xiaohui, Yong, Jianming. (2021). Regulatory challenges and mitigation for account services offered by FinTech. 'Institute of Electrical and Electronics Engineers (IEEE)', doi: https://core.ac.uk/download/478158868.pdf
Luca B, Mario B, Francesca DG, Caterina R. (2024). Crypto news and policy innovations: Are European markets affected?. European Commission, doi: https://core.ac.uk/download/642862582.pdf
Britchenko, Igor, Danshina, Yulya. (2017). Adaptation of domestic state governance to international governance models. doi: https://core.ac.uk/download/322492655.pdf
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Britchenko, Igor, Danshina, Yulya. (2017). Adaptation of domestic state governance to international governance models. doi: https://core.ac.uk/download/322492655.pdf
Britchenko, Igor, Danshina, Yulya. (2017). Net structure of subject-to-subject relations in the management of the system of administrative services provision. doi: https://core.ac.uk/download/322492656.pdf
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