Accounting of Cryptocurrencies according to International Financial Reporting Standards (IFRS)

The paper explores the classification of cryptocurrency within the framework of International Financial Reporting Standards (IFRS), examining whether it can be treated like cash or other assets. It highlights the unique nature of cryptocurrencies as virtual currencies that operate independently of central banking systems, which presents various challenges for companies that hold them. The analysis aims to clarify the implications of these characteristics on accounting practices and financial reporting.