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ABI Journal

Investment Banking

Thursday, September 26, 2024
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Thursday, August 15, 2024
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Monday, August 12, 2024
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New Accounting Standard for Cryptocurrency and Implications on Distressed Companies

The emergence and widespread adoption of cryptocurrencies has revolutionized the financial landscape and posed significant challenges to traditional accounting practices. The complexities of cryptocurrencies and their increasing involvement in the financial world have given rise to an additional dimension of concern: the intersection of cryptocurrency and bankruptcy proceedings. As regulatory bodies and accounting standards organizations grapple with the complexities of this digital asset class, a new accounting standard for cryptocurrencies is being introduced.

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