DEVELOPMENT AND TRENDS OF MODERN CRYPTOCURRENCY ACCOUNTING IN RUSSIA

Abstract: in recent years, cryptocurrency has gained particular popularity due to the high profitability of these assets and the digitalization of the financial market as a whole. Being an intangible financial asset, cryptocurrency requires a special procedure for reflecting such operations in accounting. The article discusses the main directions of cryptocurrency accounting development in the context of ongoing changes in tax legislation. The emergence of digital assets on the balance sheets of enterprises has caused a lot of questions in reflecting them in the system of accounts, as well as determining the tax consequences of transactions with cryptocurrencies. The paper notes that cryptocurrencies are considered mainly as a physical asset temporarily depersonalized until the moment of its establishment. The author of the article reveals the possibility of investing and ensuring social activity as a result of investing in cryptocurrency. The emergence of digital assets on the balance sheets of enterprises has caused a lot of questions in reflecting them in the system of accounts, as well as determining the tax consequences of transactions with cryptocurrencies. The practical application of the study is possible provided that an appropriate legislative framework is formed that could determine the structural regulation of data on established topics.

Keywords: accounting, cryptocurrency, generation, financial investments, intangible assets, taxation

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