{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/350/60/#15-scope-and-scope-exceptions","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":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"350-60-15-1","para":"15-1","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\">The guidance in this Subtopic applies to holdings of assets that meet all of the following criteria:</span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-8A76C6A2-6452-4F2C-88BB-DBEAF41C1C8D\"><span class=\"sfragment-source\">Meet the definition of <a href=\"/glossary/i/#intangible-assets\" class=\"term\" title=\"Assets (not including financial assets) that lack physical substance. (The term intangible assets is used to refer to intangible assets other than goodwill.)\"><span>intangible assets</span></a> as defined in the Codification</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-56E59A21-2925-42F9-B550-C0AF3D6A9AFC\"><span class=\"sfragment-source\">Do not provide the asset holder with enforceable rights to or claims on underlying goods, services, or other assets</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-77FCE88C-D541-43BC-9B88-2D28C4858015\"><span class=\"sfragment-source\">Are created or reside on a distributed ledger based on blockchain or similar technology</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-96350661-F7C7-4B08-9C06-80651CFE41DD\"><span class=\"sfragment-source\">Are secured through cryptography</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">e</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-C35D8675-AEAD-4800-A755-CC31147CC058\"><span class=\"sfragment-source\">Are fungible</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">f</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-879AEDCE-D411-4AC2-91DF-28C2082E9390\"><span class=\"sfragment-source\">Are not created or issued by the reporting entity or its <a href=\"/glossary/r/#related-parties\" class=\"term\" title=\"Related parties include: Affiliates of the entity Entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825-10-15, to be accounted for by the equity method by the investing entity Trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management Principal owners of the entity and members of their immediate families Management of the entity and members of their immediate families Other parties with which the entity may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.\"><span>related parties</span></a>.</span></span></div></li></ol></div></div></div>","snippet":"The guidance in this Subtopic applies to holdings of assets that meet all of the following criteria:\n(a) Meet the definition of intangible assets as defined in the Codification\n(b) Do not provide the asset holder with en…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a9b5d2b40a6a16f87a447d8e7971f00fefca7831e8621121a398ba49a5641a02","downloaded_from":"2026-09-10T00:03:13.633Z","last_downloaded_at":"2026-09-10T00:03:13.633Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476178","source_sha256":"1bd1a0a934bf0986013472e0c2be6ae07901e2140b87069169adb1d9f610da7f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:446fcc3aa65c8eb5a5b8f4ea0ef6f2a2a3e8bdaaabfecc77fb6f114cb87fdad2","downloaded_from":"2026-09-10T00:03:13.633Z","last_downloaded_at":"2026-09-10T00:03:13.633Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476178","source_sha256":"1bd1a0a934bf0986013472e0c2be6ae07901e2140b87069169adb1d9f610da7f"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"350-60-15-2","para":"15-2","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\">The guidance in this Subtopic applies to all entities that hold crypto assets.</span></span></div></div></div>","snippet":"The guidance in this Subtopic applies to all entities that hold crypto assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4dc92ae70d03fcabdefca6125a7fc5b49cfca2476557aedf70149332215726c7","downloaded_from":"2026-09-10T00:03:13.633Z","last_downloaded_at":"2026-09-10T00:03:13.633Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476178","source_sha256":"1bd1a0a934bf0986013472e0c2be6ae07901e2140b87069169adb1d9f610da7f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7b08ba10e491d54a8412933e381a1156f02e15ec32d64b8a694ed783ea39f46b","downloaded_from":"2026-09-10T00:03:13.633Z","last_downloaded_at":"2026-09-10T00:03:13.633Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476178","source_sha256":"1bd1a0a934bf0986013472e0c2be6ae07901e2140b87069169adb1d9f610da7f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:755335fc6791ce0ab561e138828ca3ce9fec296bc1df2fbaf24194ec31e25fa9","downloaded_from":"2026-09-10T00:03:13.633Z","last_downloaded_at":"2026-09-10T00:03:13.633Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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