Accounting of Cryptocurrency

With the development of technology today, the concept of crypto money emerged in 2008. With this development, cryptocurrencies began to be considered indispensable concepts. Thus, countries were expected to take steps in terms of their accounting. While some countries have taken concrete steps in accounting and taxation, some have not yet taken steps. In this study, brief information about cryptocurrencies was given and current developments were explained. Several suggestions have been made for countries that have not yet completed their work in this regard, and why cryptocurrencies should be taxed is mentioned. In addition, by examining the IASB and IFRS recommendations, it was evaluated which asset class cryptocurrencies could enter. With these evaluations, it has been suggested in which asset class cryptocurrencies can be accepted for Turkey and the countries that have not completed their work.