The existing approach, accounting for crypto as so-called indefinite-lived intangible assets, focuses only on the assets dropping in value. According to the board’s proposal, it “does not reflect the underlying economics of those assets and does not provide decision-useful information.”
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California DMV to digitize car title management system via Tezos
The California Department of Motor Vehicles (DMV) is testing out the digitization of car titles and title transfers via a private Tezos blockchain. The...