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Rush to Bitcoin? Not so fast, say keepers of corporate coffers

MARCH 8, 2021 | by Tom Wilson, Anna Irrera, Jessica DiNapoli | KFGO 94.1 FM (NORTH DAKOTA)

By Tom Wilson, Anna Irrera and Jessica DiNapoli (Reuters), includes “The FASB has no immediate plans to review its treatment of bitcoin as the issue affects few of its constituents, according to a source familiar with the matter. ‘I don't think it's the best accounting so far,’ said Robert Hertz, a former FASB chairman. ‘I am hoping that if more mainstream companies get into bitcoin, the accounting standards board may revisit the accounting treatment.’ …”

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