Crypto assets are garnering attention from financial markets globally as more entities seek involvement and are transacting in this area. We have seen changes in the macroeconomic environment and a shift towards an increasingly intangible economy, and as a result, retail and institutional investors are more interested in crypto-asset activities.
As part of its continual assessment of priorities, the AcSB is looking to better understand and consider accounting for crypto-asset activities. This includes furthering our understanding of how they fit into existing IFRS® Accounting Standards, and determining whether the information provided under these standards is decision-useful for financial statement users making capital allocation decisions.