{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/350/60/","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.","number":"350-60","topic":"350","title":"Crypto Assets","area":"Assets","paragraphs":17,"summary":"ASC 350-60 governs the subsequent measurement, presentation, and disclosure of in-scope crypto assets (e.g., bitcoin-type fungible tokens). The core rule is that such assets are measured at fair value on the balance sheet with remeasurement gains and losses recognized in net income (350-60-35-1), replacing the old indefinite-lived intangible impairment-only model. Initial measurement, recognition, and derecognition remain governed by other GAAP (350-60-05-2).","concepts":["crypto assets","fair value measurement","fungible intangible assets","distributed ledger","remeasurement gains and losses","cost basis method","contractual sale restrictions","rollforward reconciliation"],"categories":["Subsequent measurement","Fair value","Presentation","Disclosure"],"level":"intermediate","topic_title":"Intangibles—Goodwill and Other","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"350-60-00-1","para":"00-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following table identifies the changes made to this Subtopic.</div> <table class=\"asc-table\" id=\"table_wgw_3qf_nzb\"> <tr> <td class=\"entry\"> <strong class=\"ph b\">Paragraph</strong> </td> <td class=\"entry\"> <strong class=\"ph b\">Action</strong> </td> <td class=\"entry\"> <strong class=\"ph b\">Accounting Standards Update</strong> </td> <td class=\"entry\"> <strong class=\"ph b\">Date</strong> </td> </tr> <tr> <td class=\"entry\"></td> <td class=\"entry\"></td> <td class=\"entry\"></td> <td class=\"entry\"></td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/c/#contribution\" class=\"term\" title=\"An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.\"><span>Contribution</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/c/#conditional-contribution\" class=\"term\" title=\"A contribution that contains a donor-imposed condition.\"><span>Conditional Contribution</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/c/#customer\" class=\"term\" title=\"A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.\"><span>Customer</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/d/#donor-imposed-condition\" class=\"term\" title=\"A donor stipulation (donors include other types of contributors, including makers of certain grants) that represents a barrier that must be overcome before the recipient is entitled to the assets transferred or promised. Failure to overcome the barrier gives the contributor a right of return of the assets it has transferred or gives the promisor a right of release from its obligation to transfer its assets.\"><span>Donor-Imposed Condition</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>Fair Value</span></a> (2nd def.)</td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/i/#inherent-contribution\" class=\"term\" title=\"A contribution that results if an entity voluntarily transfers assets (or net assets) or performs services for another entity in exchange for either no assets or for assets of substantially lower value and unstated rights or privileges of a commensurate value are not involved.\"><span>Inherent Contribution</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/i/#intangible-asset-class\" class=\"term\" title=\"A group of intangible assets that are similar, either by their nature or by their use in the operations of an entity.\"><span>Intangible Asset Class</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <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> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/m/#market-participants\" class=\"term\" title=\"Buyers and sellers in the principal (or most advantageous) market for the asset or liability that have all of the following characteristics: They are independent of each other, that is, they are not related parties, although the price in a related-party transaction may be used as an input to a fair value measurement if the reporting entity has evidence that the transaction was entered into at market terms They are knowledgeable, having a reasonable understanding about the asset or liability and the transaction using all available information, including information that might be obtained through due diligence efforts that are usual and customary They are able to enter into a transaction for the asset or liability They are willing to enter into a transaction for the asset or liability, that is, they are motivated but not forced or otherwise compelled to do so.\"><span>Market Participants</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/n/#not-for-profit-entity\" class=\"term\" title=\"An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.\"><span>Not-for-Profit Entity</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/o/#orderly-transaction\" class=\"term\" title=\"A transaction that assumes exposure to the market for a period before the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities; it is not a forced transaction (for example, a forced liquidation or distress sale).\"><span>Orderly Transaction</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/p/#promise-to-give\" class=\"term\" title=\"A written or oral agreement to contribute cash or other assets to another entity. A promise carries rights and obligations—the recipient of a promise to give has a right to expect that the promised assets will be transferred in the future, and the maker has a social and moral obligation, and generally a legal obligation, to make the promised transfer. A promise to give may be either conditional or unconditional.\"><span>Promise to Give</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <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> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/u/#unconditional-promise-to-give\" class=\"term\" title=\"A promise to give that depends only on passage of time or demand by the promisee for performance.\"><span>Unconditional Promise to Give</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/350/60/#350-60-05-1\" class=\"xref\">350-60-05-1</a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/350/60/#350-60-05-2\" class=\"xref\">350-60-05-2</a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/350/60/#350-60-15-1\" class=\"xref\">350-60-15-1</a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/350/60/#350-60-15-2\" class=\"xref\">350-60-15-2</a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/350/60/#350-60-35-1\" class=\"xref\">350-60-35-1</a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <div class=\"xref-range displayInline\"><a href=\"/asc/350/60/#350-60-45-1\" class=\"xref\">350-60-45-1 through 45-3</a></div> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <div class=\"xref-range displayInline\"><a href=\"/asc/350/60/#350-60-50-1\" class=\"xref\">350-60-50-1 through 50-7</a></div> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/350/60/#350-60-65-1\" class=\"xref\">350-60-65-1</a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2023-08/\" class=\"xref\">Accounting Standards Update No. 2023-08</a> </td> <td class=\"entry\">12/13/2023</td> </tr> </table> </div>","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nContribution | Added | Accounting Standards Update No. 2023-08 | 12/13/2023 |\nConditiona…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2fe204efb78daaad4f3d30d0c5c6872276474365fa17f9e654b6c2b5fae13589","downloaded_from":"2026-09-10T00:03:09.498Z","last_downloaded_at":"2026-09-10T00:03:09.498Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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timestamps","source_key":"1943274/2147476181","source_sha256":"a36ea6c361a35e9fe29f3b9195aa7dddb123805cbd2427012d8626f49981e669"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:985892aaa4f0733ea95047bab3ec5d025d9976c123cdce331810ae45d9a5078c","downloaded_from":"2026-09-10T00:03:09.498Z","last_downloaded_at":"2026-09-10T00:03:09.498Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476181","source_sha256":"a36ea6c361a35e9fe29f3b9195aa7dddb123805cbd2427012d8626f49981e669"}},{"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"}},{"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 timestamps","source_key":"1943274/2147476178","source_sha256":"1bd1a0a934bf0986013472e0c2be6ae07901e2140b87069169adb1d9f610da7f"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"350-60-35-1","para":"35-1","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\">An entity shall measure crypto assets at <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>fair value</span></a> in the statement of financial position. Gains and losses from the remeasurement of crypto assets shall be included in net income.</span></span></div></div></div>","snippet":"An entity shall measure crypto assets at fair value in the statement of financial position. Gains and losses from the remeasurement of crypto assets shall be included in net income.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9287fcb3f90cccc72dd895438bcc76accacbb52ab4e0d65f3e5eea8b587b5c87","downloaded_from":"2026-09-10T00:03:20.817Z","last_downloaded_at":"2026-09-10T00:03:20.817Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476169","source_sha256":"85cbd77ba1bb95aed3daae69f1b9111bbb94dbf4158e34622945e3129b4fc262"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae0b540f9b44de1ec7d0521a37feca7161df25f1a2c5361136c80ade0198933f","downloaded_from":"2026-09-10T00:03:20.817Z","last_downloaded_at":"2026-09-10T00:03:20.817Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476169","source_sha256":"85cbd77ba1bb95aed3daae69f1b9111bbb94dbf4158e34622945e3129b4fc262"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e2dd0b6d3f0457d130d4bc84955bb9146d491dbb754d0cfd1f82060c32d8fb04","downloaded_from":"2026-09-10T00:03:20.817Z","last_downloaded_at":"2026-09-10T00:03:20.817Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476169","source_sha256":"85cbd77ba1bb95aed3daae69f1b9111bbb94dbf4158e34622945e3129b4fc262"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Statement of Financial Position","paragraphs":[{"citation":"350-60-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-B7D37100-84CD-4327-835F-50EB79A96DA1\"><span class=\"sfragment-source\">Crypto assets shall be presented separately from other <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> in the statement of financial position. An entity is permitted to present crypto assets on a more disaggregated basis (for example, by individual crypto asset holding or <a href=\"/glossary/i/#intangible-asset-class\" class=\"term\" title=\"A group of intangible assets that are similar, either by their nature or by their use in the operations of an entity.\"><span>intangible asset class</span></a>).</span></span></div></div></div>","snippet":"Crypto assets shall be presented separately from other intangible assets in the statement of financial position. An entity is permitted to present crypto assets on a more disaggregated basis (for example, by individual c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:74feb746a34efaba1e8c187634977777c426333f6d2dd446707d5d6a7500fb55","downloaded_from":"2026-09-10T00:03:23.550Z","last_downloaded_at":"2026-09-10T00:03:23.550Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476163","source_sha256":"82bce40efd36fcc7826718941943397f8146afee9baf26bfc3258e164967646c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bd4b473bdfbd5f8268b60085e41504313025b95f0294ef0f6ad472ec300a3a38","downloaded_from":"2026-09-10T00:03:23.550Z","last_downloaded_at":"2026-09-10T00:03:23.550Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476163","source_sha256":"82bce40efd36fcc7826718941943397f8146afee9baf26bfc3258e164967646c"}},{"block":null,"heading":"Income Statement","paragraphs":[{"citation":"350-60-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-2888E739-B211-4F78-A2F1-E7CDDB177DB8\"><span class=\"sfragment-source\">Gains and losses from the remeasurement of crypto assets shall be included in net income and presented separately from changes in the carrying amount of other intangible assets. </span></span></div></div></div>","snippet":"Gains and losses from the remeasurement of crypto assets shall be included in net income and presented separately from changes in the carrying amount of other intangible assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:05d2a773f94a3ed190f0e9d1db933bcc9d515dc6bac4ef1ec0ad6cea51ce959c","downloaded_from":"2026-09-10T00:03:23.550Z","last_downloaded_at":"2026-09-10T00:03:23.550Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476163","source_sha256":"82bce40efd36fcc7826718941943397f8146afee9baf26bfc3258e164967646c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2af1f4f903efcf40f558cf66d94b5fcb4c73d04d1076ffdadcc398050d717f88","downloaded_from":"2026-09-10T00:03:23.550Z","last_downloaded_at":"2026-09-10T00:03:23.550Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476163","source_sha256":"82bce40efd36fcc7826718941943397f8146afee9baf26bfc3258e164967646c"}},{"block":null,"heading":"Statement of Cash Flows","paragraphs":[{"citation":"350-60-45-3","para":"45-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-C89214B5-8C99-4642-B7F5-EFC6EC156B7C\"><span class=\"sfragment-source\">For guidance related to the presentation of cash receipts arising from the sale of crypto assets that are received as noncash consideration in the ordinary course of business (or as a <a href=\"/glossary/c/#contribution\" class=\"term\" title=\"An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.\"><span>contribution</span></a>, in the case of a <a href=\"/glossary/n/#not-for-profit-entity\" class=\"term\" title=\"An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.\"><span>not-for-profit entity</span></a>) and are converted nearly immediately into cash, see paragraphs <a href=\"/asc/230/10/#230-10-45-21A\" class=\"xref\">230-10-45-21A</a> and <a href=\"/asc/230/10/#230-10-45-27A\" class=\"xref\">230-10-45-27A</a>. </span></span></div></div></div>","snippet":"For guidance related to the presentation of cash receipts arising from the sale of crypto assets that are received as noncash consideration in the ordinary course of business (or as a contribution, in the case of a not-f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ab30de890d46070aac1e023682562832d8977dbf5369eff58a6551333e56844","downloaded_from":"2026-09-10T00:03:23.550Z","last_downloaded_at":"2026-09-10T00:03:23.550Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476163","source_sha256":"82bce40efd36fcc7826718941943397f8146afee9baf26bfc3258e164967646c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:21c10f201bf41a3060fee196eb3f5f1756fdb37647fcbd22eb9438774dc296c2","downloaded_from":"2026-09-10T00:03:23.550Z","last_downloaded_at":"2026-09-10T00:03:23.550Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476163","source_sha256":"82bce40efd36fcc7826718941943397f8146afee9baf26bfc3258e164967646c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ad24f4f8021f804f4c034bea1d88949a77979890653b765382e8edfb50e61a5f","downloaded_from":"2026-09-10T00:03:23.550Z","last_downloaded_at":"2026-09-10T00:03:23.550Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476163","source_sha256":"82bce40efd36fcc7826718941943397f8146afee9baf26bfc3258e164967646c"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"350-60-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-739807F7-6D55-450B-B2F0-D5293E7DB60F\"><span class=\"sfragment-source\">At interim and annual reporting periods, an entity shall disclose the following for each significant (as determined by the <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>fair value</span></a>) crypto asset holding: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-7D6C6488-ED53-40DC-8C83-70DEE25A572B\"><span class=\"sfragment-source\">Name of the crypto asset</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-B72ABE15-46D0-4C08-851A-CE234E815FA8\"><span class=\"sfragment-source\">Cost basis</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-DF2EE5A6-3005-4E73-9D25-313C926AE919\"><span class=\"sfragment-source\">Fair value</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-CB5442EB-14D7-4658-BA52-4A0573ECB715\"><span class=\"sfragment-source\">Number of units held.</span></span></div></li></ol><span class=\"sfragment\" id=\"GUID-0D62B9EA-E3DA-4C51-A4A7-1B2E49FCB850\"><span class=\"sfragment-source\">An entity shall disclose the aggregated cost bases and fair values of the crypto asset holdings that are not individually significant. </span></span></div></div></div>","snippet":"At interim and annual reporting periods, an entity shall disclose the following for each significant (as determined by the fair value) crypto asset holding:\n(a) Name of the crypto asset\n(b) Cost basis\n(c) Fair value\n(d) …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5afe9d5caf7c38fafe7d3f8ccb38c167b56698c9a7eaec59deea9c6c7d3216b8","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},{"citation":"350-60-50-2","para":"50-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-513E8A86-A927-4E65-BD17-2668546B736C\"><span class=\"sfragment-source\">At annual reporting periods, an entity shall disclose both of the following: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-2DBF7386-6E10-4CE1-8780-60488B5C8F70\"><span class=\"sfragment-source\">The method used to determine its cost basis for computing gains and losses (for example, first-in, first-out; specific identification; average cost; or other method used)</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-65F11A72-48C0-48DD-A204-8A5E803880E8\"><span class=\"sfragment-source\">If not presented separately, the line item in which gains and losses are reported in the income statement.</span></span></div></li></ol></div></div></div>","snippet":"At annual reporting periods, an entity shall disclose both of the following:\n(a) The method used to determine its cost basis for computing gains and losses (for example, first-in, first-out; specific identification; aver…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e1d55bfb7535110b64e1637f5210ed2780b2db1fe8d41d9a060350c69b29abc","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},{"citation":"350-60-50-3","para":"50-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-40D392B9-F0F1-409C-AA26-2E3DADF12420\"><span class=\"sfragment-source\">At annual reporting periods, an entity shall provide a reconciliation, in the aggregate, of activity from the opening to the closing balances of crypto assets, separately disclosing changes during the period attributable to the following:</span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-BA1EADEC-F24B-4A28-BEAD-B8B26088B961\"><span class=\"sfragment-source\">Additions.</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-ECB86C04-9A8A-45D7-B081-166BFA0B7B0E\"><span class=\"sfragment-source\">Dispositions.</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-9C0E0622-E184-4620-8BE9-625AA346121B\"><span class=\"sfragment-source\">Gains included in net income for the period, determined on a crypto-asset-by-crypto-asset basis. Each crypto asset holding that has a net gain from remeasurement as included in net income for the period shall be included in the gains line.</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-3B6DCAEA-E497-4EEE-AD63-AF6B4F5C82E7\"><span class=\"sfragment-source\">Losses included in net income for the period, determined on a crypto-asset-by-crypto-asset basis. Each crypto asset holding that has a net loss from remeasurement as included in net income for the period shall be included in the losses line.</span></span></div></li></ol></div></div></div>","snippet":"At annual reporting periods, an entity shall provide a reconciliation, in the aggregate, of activity from the opening to the closing balances of crypto assets, separately disclosing changes during the period attributable…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9b8b84ff6603d7c918a2c2b3e3f24e9e929db9dba61e2265382dfc2d167c78e5","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},{"citation":"350-60-50-4","para":"50-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-C4BA2B24-1ABB-4EBF-AEDD-260D79D3D96F\"><span class=\"sfragment-source\">An entity shall disclose the following information about the reconciliation in paragraph <a href=\"/asc/350/60/#350-60-50-3\" class=\"xref\">350-60-50-3</a>:</span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-3616F2D8-9B32-4985-93CD-6E1CB4D6AE63\"><span class=\"sfragment-source\">A description of the nature of activities that result in additions (for example, purchases, receipts from <a href=\"/glossary/c/#customer\" class=\"term\" title=\"A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.\"><span>customers</span></a>, or mining activities) and dispositions (for example, sales or use as payment for services)</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-E6333AAC-CDE0-4B90-9E64-D4E04855CE4C\"><span class=\"sfragment-source\">Total amount of cumulative realized gains and cumulative realized losses from dispositions that occurred during the period.</span></span></div></li></ol></div></div></div>","snippet":"An entity shall disclose the following information about the reconciliation in paragraph 350-60-50-3:\n(a) A description of the nature of activities that result in additions (for example, purchases, receipts from customer…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09d0e1ad90165cbac2ba03d1c6594e76d0762343c9d51f3ee8c07c6b196033b3","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},{"citation":"350-60-50-5","para":"50-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-110D7160-CA5A-4E09-9469-95AAAB700F39\"><span class=\"sfragment-source\">An entity that receives crypto assets as noncash consideration in the ordinary course of business (or as a <a href=\"/glossary/c/#contribution\" class=\"term\" title=\"An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.\"><span>contribution</span></a>, in the case of a <a href=\"/glossary/n/#not-for-profit-entity\" class=\"term\" title=\"An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.\"><span>not-for-profit entity</span></a>) that are converted nearly immediately into cash need not include that activity in the disclosures required by paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/350/60/#350-60-50-3\" class=\"xref\">350-60-50-3 through 50-4</a></div>.</span></span></div></div></div>","snippet":"An entity that receives crypto assets as noncash consideration in the ordinary course of business (or as a contribution, in the case of a not-for-profit entity) that are converted nearly immediately into cash need not in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a466c4aa4a6f93525b2c0b6cc85a12ade53a70b65b86c13ee3a9f182022d9871","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},{"citation":"350-60-50-6","para":"50-6","html":"<div class=\"asc-body\"><div class=\"norm-text\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-9D06978B-2D82-4A37-B399-ACFBA0DEF537\"><span class=\"sfragment-source\">For interim and annual reporting periods, an entity shall disclose the following information for crypto assets subject to contractual sale restrictions at the balance sheet date: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-DF041C9A-01D9-4D56-9D14-5051294A71C5\"><span class=\"sfragment-source\">The fair value of the crypto assets that are subject to contractual sale restrictions</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-EF3ADF3F-AA6E-4885-AB56-94094ADCC620\"><span class=\"sfragment-source\">The nature and remaining duration of the restriction(s)</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-2E9A9829-75AE-4559-B5D7-DBA568FBA61A\"><span class=\"sfragment-source\">Circumstances that could cause the restriction(s) to lapse.</span></span></div></li></ol></div></div></div>","snippet":"For interim and annual reporting periods, an entity shall disclose the following information for crypto assets subject to contractual sale restrictions at the balance sheet date:\n(a) The fair value of the crypto assets t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4835152cae04520a0dfd12732a3d9a9dc4b67d16edd35d7a125e580260057178","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},{"citation":"350-60-50-7","para":"50-7","html":"<div class=\"asc-body\"><div class=\"norm-text\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-8918BB3D-BA06-4F58-82F5-618AD1544B0C\"><span class=\"sfragment-source\">In providing the required disclosures in paragraph <a href=\"/asc/350/60/#350-60-50-6\" class=\"xref\">350-60-50-6</a>, an entity with multiple crypto assets subject to contractual sale restrictions shall consider all of the following: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-B8A57A60-90E8-4D84-A887-DAA12C52B3AC\"><span class=\"sfragment-source\">The level of detail necessary to satisfy the required disclosures</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-E9318132-AE44-49E4-870B-91F213051A4D\"><span class=\"sfragment-source\">How much emphasis to place on each of the required disclosures</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-89455A67-EAAE-4095-B78E-0040302A4882\"><span class=\"sfragment-source\">How much aggregation or disaggregation to undertake</span></span></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><span class=\"sfragment\" id=\"GUID-6ECCC63C-FE20-458F-91DE-A87FE87289D1\"><span class=\"sfragment-source\">Whether users of financial statements need additional information to evaluate the quantitative information disclosed.</span></span></div></li></ol></div></div></div>","snippet":"In providing the required disclosures in paragraph 350-60-50-6, an entity with multiple crypto assets subject to contractual sale restrictions shall consider all of the following:\n(a) The level of detail necessary to sat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:91132aaf1b3c84f3a939b450401da1eac217ad848f99897a3198d86323a956a0","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a3c89d7ff71874dc484ea5d2de48f3959185271bbf134202e79dd598b4da4a3","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0903286d0ed5f4d999122decde1635bb95587590a8e2af5247d0d11268d97c2b","downloaded_from":"2026-09-10T00:03:25.691Z","last_downloaded_at":"2026-09-10T00:03:25.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476162","source_sha256":"4c5cab2a0ae1aec962370eba3bd94854b4ee1183e6599ef8c084297b295d13e6"}},{"number":"65","label":"65 Transition and Open Effective Date Information","anchor":"65-transition-and-open-effective-date-information","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"350-60-65-1","para":"65-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">Paragraph superseded on 07/02/2026 after the end of the transition period stated in Accounting Standards Update No. 2023-08, <em class=\"ph i\">Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets</em>. </div></div>","snippet":"Paragraph superseded on 07/02/2026 after the end of the transition period stated in Accounting Standards Update No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb3c1ec54c9fcc804e08d30f8cd8dd82827f198ec0ed3a69a0daf45b352871dd","downloaded_from":"2026-09-10T00:03:27.423Z","last_downloaded_at":"2026-09-10T00:03:27.423Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476166","source_sha256":"f69ed42f309c664fb5aa8caa7b0c6b6c6a2a2f2d317bc3cfc9793ba648b63ba2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:483944a3f287b81ae26c91ad436e51fb08c3d7e76ea52a9fd681fc5d05443c9b","downloaded_from":"2026-09-10T00:03:27.423Z","last_downloaded_at":"2026-09-10T00:03:27.423Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476166","source_sha256":"f69ed42f309c664fb5aa8caa7b0c6b6c6a2a2f2d317bc3cfc9793ba648b63ba2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5228162f0783401af3b7380c79641a34d9f42472321f628e03760ba3c88e5a6c","downloaded_from":"2026-09-10T00:03:27.423Z","last_downloaded_at":"2026-09-10T00:03:27.423Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476166","source_sha256":"f69ed42f309c664fb5aa8caa7b0c6b6c6a2a2f2d317bc3cfc9793ba648b63ba2"}}],"enrichment":{"summary":"ASC 350-60 governs the subsequent measurement, presentation, and disclosure of in-scope crypto assets (e.g., bitcoin-type fungible tokens). The core rule is that such assets are measured at fair value on the balance sheet with remeasurement gains and losses recognized in net income (350-60-35-1), replacing the old indefinite-lived intangible impairment-only model. Initial measurement, recognition, and derecognition remain governed by other GAAP (350-60-05-2).","key_points":["Scope is limited to holdings that meet all six criteria in 350-60-15-1: they meet the definition of an intangible asset; give no enforceable rights to or claims on underlying goods, services, or other assets; are created or reside on a blockchain or similar distributed ledger; are secured through cryptography; are fungible; and are not created or issued by the reporting entity or its related parties.","The Subtopic applies to all entities holding crypto assets (350-60-15-2) but does not address initial measurement, recognition, or derecognition, which follow other GAAP (350-60-05-2).","Crypto assets are measured at fair value in the statement of financial position, with remeasurement gains and losses included in net income (350-60-35-1).","Crypto assets must be presented separately from other intangible assets on the balance sheet, and remeasurement gains and losses separately from changes in the carrying amount of other intangible assets (350-60-45-1 through 45-2); more disaggregated presentation is permitted.","Interim and annual disclosures include, for each significant holding, the name, cost basis, fair value, and number of units held, plus aggregated cost bases and fair values of holdings that are not individually significant (350-60-50-1).","Annual disclosures include the cost basis method used to compute gains and losses (e.g., FIFO, specific identification, average cost) and the income statement line item if gains and losses are not presented separately (350-60-50-2), plus an aggregate opening-to-closing reconciliation showing additions, dispositions, gains, and losses determined on a crypto-asset-by-crypto-asset basis (350-60-50-3).","Crypto assets subject to contractual sale restrictions require interim and annual disclosure of their fair value, the nature and remaining duration of the restriction, and circumstances that could cause it to lapse (350-60-50-6)."],"categories":["Subsequent measurement","Fair value","Presentation","Disclosure"],"audience_level":"intermediate","student_note":"This is the ASU 2023-08 fix that ended the much-criticized impairment-only model for bitcoin and similar tokens; the common trap is assuming it covers all digital assets — NFTs (nonfungible), wrapped tokens or stablecoins conveying enforceable claims on underlying assets, and self-issued tokens are all outside the scope of 350-60-15-1.","related_topics":["350-30","820","230-10","606","825"],"key_concepts":["crypto assets","fair value measurement","fungible intangible assets","distributed ledger","remeasurement gains and losses","cost basis method","contractual sale restrictions","rollforward reconciliation"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2afaefb003c65d68a125eed15abe14a95ddc85c00461c3ca1cd310d7d4481539","downloaded_from":"2026-09-10T00:03:09.498Z","last_downloaded_at":"2026-09-10T00:03:31.443Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"350-10","title":"Overall","topic_title":"Intangibles—Goodwill and Other","score":0.7104,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3494a7bf6375b398e80a219d189e31b3a4b4ace8be0472e968a1a25346344f47","downloaded_from":"2026-09-10T00:00:08.118Z","last_downloaded_at":"2026-09-10T00:00:36.319Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"350-30","title":"General Intangibles Other Than Goodwill","topic_title":"Intangibles—Goodwill and Other","score":0.6866,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:647f06e184c3a3d13f10f571b06900d2d28a7242c4a4ed6619781973a81cecc4","downloaded_from":"2026-09-10T00:01:33.372Z","last_downloaded_at":"2026-09-10T00:02:11.627Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"860-30","title":"Secured Borrowing and Collateral","topic_title":"Transfers and Servicing","score":0.6655,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:31d9eeb23c8ad80a15affdd37c82f68c059fe7457a10cf6efefed447b35da8f5","downloaded_from":"2026-09-10T02:06:50.852Z","last_downloaded_at":"2026-09-10T02:07:35.766Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"825-10","title":"Overall","topic_title":"Financial Instruments","score":0.6607,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d935bd1a184ea2b156a75efe59939763952e98725b55de43cae9915f5b793d48","downloaded_from":"2026-09-10T01:44:11.504Z","last_downloaded_at":"2026-09-10T01:44:42.941Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by 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