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Overview
Our Technical Line, which primarily addresses the accounting for digital assets by a holder, as well as accounting considerations for specialized entities engaged in digital asset activities and certain emerging market activities in digital assets more broadly, has been updated to reflect the Financial Accounting Standards Board’s final guidance on the accounting for and disclosure of crypto assets, as well as the Securities and Exchange Commission’s Staff Accounting Bulletin No. 122 rescinding the staff’s interpretative guidance on the accounting for obligations to safeguard digital assets that an entity holds for platform users.