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Understanding Cryptocurrency and Its Implications for Accounting in the Case of Europe

Year: 2025

Type: article

Abstract: This article explores the nature and functioning of cryptocurrencies and their implications for accounting practices within the European context. As digital currencies become more integrated into financial systems, accounting professionals face challenges in classifying, measuring, and reporting crypto-assets. The study examines regulatory approaches in various European countries and evaluates how international accounting standards (such as IFRS) are being adapted to accommodate these new digital assets. Furthermore, it highlights the risks and opportunities cryptocurrencies present for businesses, regulators, and auditors, while proposing a set of recommendations for developing a consistent and transparent accounting framework for digital assets across Europe.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.15493427

Author: Odilov, Dilshod Qudratilla ogli

Language: English

Topic: Accounting Theory and Financial Reporting

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W6893303052

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