@zislidegen
🤝 SAB 121 officially canceled — SEC
This document was related to the accounting of crypto assets and imposed the following requirements on companies:
Asset representation: Held cryptocurrencies had to be reflected as liabilities on the balance sheet. 💼
Risks: Consideration of cybersecurity threats and risks related to asset storage. 🔐
Disclosure: Transparent financial reporting on the management of digital assets. 📊
All these requirements are no longer in effect
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