Operations with cryptocurrencies. Challenges regarding measurement and disclosure in financial information

Abstract

The incessant evolution in communications and digitization in society has led to the development of cryptocurrencies. More and more transactions are carried out with them, despite the initial resistance of traditional companies. It is        necessary then, to carry out an analysis, from the conceptual theoretical, in order to determine aspects of measurement and accounting disclosure, related to them. Operations with cryptocurrencies are not specifically included in the current regulatory structure of accounting, and to date there is no standard issued by the main international issuing organizations. Therefore, the objective of this research work is to reflect, from the conceptual theoretical, on the                determination of measurement and disclosure alternatives in relation to the possession and operations with cryptocurrencies, developing, at the same time, proposals in this sense. This research was carried out using an exploratory qualitative approach, through the review of bibliography on the proposed topic, coming from internationally recognized primary sources, then moving on to a critical analysis of the same, in order to fulfill the objective. Finally, measurement and disclosure alternatives were determined in relation to holding and operations with cryptocurrencies, considering them as intangible assets. However, those held for sale in the ordinary course of business will be measured at fair value less selling expenses. Likewise, measurement aspects are detailed for those who act as "miners".