{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/350/60/#05-overview-and-background","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"350","topic_title":"Intangibles—Goodwill and Other","subtopic":"350-60","subtopic_title":"Crypto Assets","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"350-60-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-F0C544DD-D952-4EAE-9358-7D121EE4199C\"><span class=\"sfragment-source\">This Subtopic provides guidance on the subsequent measurement, presentation, and disclosure of crypto assets that are within the scope of this Subtopic.</span></span></div></div></div>","snippet":"This Subtopic provides guidance on the subsequent measurement, presentation, and disclosure of crypto assets that are within the scope of this Subtopic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f005640f1d0528b87e90f26a004ad7a2f03415e09bcf73a1c25b3c6167674c18","downloaded_from":"2026-09-10T00:03:11.686Z","last_downloaded_at":"2026-09-10T00:03:11.686Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476171","source_sha256":"7ff1f013830bd02388382240495a58c04ef93fc7666b2650640a0a67868e99d0"}},{"citation":"350-60-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-3ADEBD8C-2EAD-4A4D-9B65-A8374406C52F\"><span class=\"sfragment-source\">This Subtopic does not address the initial measurement, recognition, and derecognition of crypto assets. Reporting entities shall account for the initial measurement, recognition, and derecognition of crypto assets in accordance with other generally accepted accounting principles (GAAP).</span></span></div></div></div>","snippet":"This Subtopic does not address the initial measurement, recognition, and derecognition of crypto assets. Reporting entities shall account for the initial measurement, recognition, and derecognition of crypto assets in ac…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d00cbcd94b217417b1c48301af0c47c6f9c04a2d81d07cf644ea84566735887a","downloaded_from":"2026-09-10T00:03:11.686Z","last_downloaded_at":"2026-09-10T00:03:11.686Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476171","source_sha256":"7ff1f013830bd02388382240495a58c04ef93fc7666b2650640a0a67868e99d0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ce693ed29d769d75106de3d8bca88c3117a21fd473f8e3a88eb2e3f7cad788d","downloaded_from":"2026-09-10T00:03:11.686Z","last_downloaded_at":"2026-09-10T00:03:11.686Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476171","source_sha256":"7ff1f013830bd02388382240495a58c04ef93fc7666b2650640a0a67868e99d0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c5bd87ef9426aa25642fbe15ebc60ab7c55108f0ed1273482ae6b378a9c9aff6","downloaded_from":"2026-09-10T00:03:11.686Z","last_downloaded_at":"2026-09-10T00:03:11.686Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476171","source_sha256":"7ff1f013830bd02388382240495a58c04ef93fc7666b2650640a0a67868e99d0"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c5bd87ef9426aa25642fbe15ebc60ab7c55108f0ed1273482ae6b378a9c9aff6","downloaded_from":"2026-09-10T00:03:11.686Z","last_downloaded_at":"2026-09-10T00:03:11.686Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476171","source_sha256":"7ff1f013830bd02388382240495a58c04ef93fc7666b2650640a0a67868e99d0"}}