The American Accounting Standards Board will consider adding a new accounting item for "Cryptocurrency Transfers."

The Financial Accounting Standards Board (FASB) will hold a meeting on November 19 to discuss whether to officially include "Accounting for Transfers of Crypto Assets" in its technical agenda.

The meeting will focus on several possible treatment paths: expanding the scope of the landmark crypto asset accounting standards (FASB 2023 rules) issued in 2023; clarifying the accounting guidance for "derecognition" when transferring crypto assets; or taking both of the above measures simultaneously. This meeting comes just weeks after FASB added another technical project aimed at clarifying whether certain digital assets, such as stablecoins, can be classified as "cash" equivalents.