{"id":32872,"date":"2024-06-23T02:04:17","date_gmt":"2024-06-23T02:04:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/us-government-to-report-seized-crypto-as-nonmonetary-property\/"},"modified":"2024-06-23T02:04:17","modified_gmt":"2024-06-23T02:04:17","slug":"us-government-to-report-seized-crypto-as-nonmonetary-property","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/us-government-to-report-seized-crypto-as-nonmonetary-property\/","title":{"rendered":"US Government to Report Seized Crypto as \u2018Nonmonetary Property\u2019"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<br \/>The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as &#8220;nonmonetary property&#8221; while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies &#8220;do not typically possess all monetary characteristics,&#8221; emphasizing that they &#8220;are not effective as a unit of account, [&#8230;]<br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/us-government-to-report-seized-crypto-as-nonmonetary-property\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as &#8220;nonmonetary property&#8221; while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies &#8220;do not typically possess all monetary characteristics,&#8221; emphasizing that they &#8220;are [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":32873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32872"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=32872"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/32873"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=32872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=32872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=32872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}