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Sunday, April 21, 2024 7:23:23 AM
In my opinion, in order to get it done, they have to change the AR and include this
Interim and annual periods
A reporting entity is required to disclose significant holdings of crypto assets and restrictions on the sale of crypto assets at both interim and annual reporting periods.
For holdings in crypto assets that are determined to be “significant” (based on fair value), a reporting entity is required to disclose the following:
Name of the crypto asset,
Cost basis,
Fair value, and
Number of units held.
Or the attorney has to include it in his letter!!!
I seriously doubt they can get it done until they follow this regulation!!!
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