2026-01-05 11:29:02

The International Accounting Standards Board (IASB) recently announced that in 2026, it will focus on updating the Enterprise Accounting Framework to address the current rapid adoption of digital currencies and the increasing importance of software and intangible assets in corporate valuation.

What does this mean? In simple terms, the traditional accounting system has been somewhat lagging in handling crypto assets and digital assets. As the Web3 ecosystem develops, more and more companies are involved in accounting for digital currency holdings, NFT assets, and smart contracts, and the existing accounting standards framework is not flexible enough.

This update from IASB will make adjustments across multiple dimensions such as asset valuation, revenue recognition, and disclosure requirements, enabling accounting standards to better meet the needs of the digital economy era. For exchanges, DeFi projects, Web3 companies, and other new types of enterprises, this means clearer compliance guidelines.

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GasFeeTherapist

· 01-05 21:10

Finally! Accounting standards are also keeping up with our pace. See you in 2026. --- Paper ledgers should retire; we need to go on-chain. --- The compliance guidelines are clearer, but gas fees are still expensive haha. --- DeFi projects wouldn't know how to keep records without this round of updates. --- IASB's stance is still a bit slow, but the direction is correct. --- Asset valuation standards are finally entering Web3. This is just the beginning. --- Imagine a future where exchanges no longer have to figure out how to record NFTs themselves. --- Although late, at least they didn't miss it. Not bad. --- This is a sign of moving towards a formalized approach. --- Changing in 2026? I can't wait that long.

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GasFeeDodger

· 01-05 11:59

Finally, someone is going to revise the rules. The traditional accounting methods are a disaster for crypto... Waiting until 2026? Why not start earlier? Many projects are already struggling in the accounting black hole... Hah, regulation is always a matter of being a step behind. Web3 moves so fast that regulators can't keep up... It sounds good in theory, but ultimately it depends on execution. Otherwise, it's just on paper... Upgrading the accounting framework? Sounds good, but exchanges still have to debate how to handle unrealized gains on assets...

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ReverseFOMOguy

· 01-05 11:59

Haha, finally someone is giving a proper name to crypto assets. It'll only move in 2026. Another lagging system trying to catch up with Web3. I bet five bucks it will be delayed again when implemented. Accounting standards reform? Sounds compliant, but in reality, exchanges have had their own standards for a long time. Whether this round of good news is actually positive or negative depends on how it's executed. Increased transparency might actually make life harder for exchanges. Let's wait until it actually happens. These kinds of announcements are usually just rubber stamps.

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GmGnSleeper

· 01-05 11:44

Finally, someone is taking action to organize this chaos. 2026 is still a bit slow.

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