December 6, 2025Open Access

Cryptocurrency: The Accounting Perspective

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Analysis of cryptocurrency's characteristics in accounting, suggesting need for new standards for financial reporting.

Cryptocurrency is identified as not purely a currency but resembles intangible assets and inventory in its accounting classification.
A detailed review of current accounting standards reveals significant gaps in the treatment of cryptocurrency in financial statements.
Employing a qualitative approach, secondary data from journals and published resources informs the analysis and recommendations.
The findings stress the need for stand-alone accounting standards to ensure consistency and clarity in cryptocurrency reporting.

Gupta et al. (2025) studied this question.

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