December 6, 2025Open Access

Cryptocurrency: The Accounting Perspective

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Analysis reveals cryptocurrency as intangible assets, suggesting a need for stand-alone accounting standards.

Cryptocurrency should be classified as intangible assets or inventory, not currency, based on its characteristics.
The qualitative approach using secondary data reveals significant gaps in current accounting standards for cryptocurrency.
Existing accounting standards may require amendments to ensure accurate financial reporting for businesses using cryptocurrencies.
A need for stand-alone accounting standards is emphasized to enhance consistency and comparability in financial statements.

Gupta et al. (2025) studied this question.

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