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With so many regulators out here, it can be tough to keep track of all the decisions being made. This is the NYSSCPA's regular series that collects relevant regulatory announcements from the past week and puts them in one place to help you stay on top of the issues.
The Financial Accounting Standards Board (FASB) has proposed a standards update on the accounting for, and disclosing information on, crypto assets.
The Treasury Department and the IRS have issued preliminary guidance regarding the tax treatment of nonfungible tokens (NFTs) as collectibles under the tax law.