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0 -0.000628839549170393 -0.000338605911091867 -0.00193489092052438 -0.000145116819039332 0.000241861365065462 -0.000822328641222928 -0.00155468485464137
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FASB cautiously advances new stablecoin guidance [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
The Financial Accounting Standards Board this week took a step forward with a plan to provide guidance holders of stablecoin can use to determine whether certain digital assets could be treated as cash or cash equivalents. In a Wednesday meeting the board decided to provide “illustrative examples in Topic 230, Statement of Cash Flows, to clarify whether certain digital assets may meet the definition of cash equivalents ,” according to a release on the FASB's website. The board members held fast against changing the definition of cash equivalents, asserting that it should remain as a stringent definition for highly liquid assets. Instead, the discussion concerned criterion holders could use to determine whether the assets would meet that current definition. “I think the existing guidance with regard to that definition establishes a high bar so I want to make sure we aren't doing anything in this project that in essence dilutes what a cash equivalent is ,” Marsha L. Hunt, a board m Show less Read more
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