The Financial Accounting Standards Board (FASB) unanimously decided May 11 to add a project to its technical agenda on the accounting and disclosure for certain digital assets, including cryptocurrencies.

The tentative decision was a change from FASB’s October 2020 determination that the issue did not meet its agenda criteria because it was not pervasive at the time.

Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....