The Digital Chamber’s Accounting Initiative took a significant step in advocating for clearer financial reporting standards by submitting a formal letter to the International Accounting Standards Board (IASB). Our letter calls for the adoption of Fair Value accounting standards for digital assets, aiming to provide greater transparency and consistency in global financial reporting. With the rapid evolution of the digital economy, it’s crucial that accounting practices reflect the true market dynamics of assets like Bitcoin and Ethereum.

We look forward to engaging with the IASB and other stakeholders to drive this important initiative forward.