가상자산 발행 및 보유 기업의 회계 이슈

It is not just the global cryptoasset market but also the domestic cryptoasset market that has grown significantly over the years. Nonetheless, accounting guidelines are by far limited. Moreover, the IASB recently decided not to add the issues of cryptoassets to its research agenda. The purpose of this study is not to present specific accounting standards for cryptoassets. Instead, this study presents issues that must be considered in developing accounting standards for cryptoassets, and discusses plausible accounting alternatives for those issues. More specifically, first, this study identifies typical transactions occurring in the process of issuing, trading, and holding cryptoassets. Second, this study reviews the existing accounting guidelines for cryptoassets as of September 2022. Third, this study finds potential accounting issues arising in the process of issuing, distributing and holding cryptoassets. Finally, this study discusses policy implications. This study finds that it is not just the limited accounting guidelines that create the inconsistencies in accounting for cryptoassets. More significant reason is that, due to insufficient regulation, not enough information is provided to determine the rights and obligations associated with cryptoassets. Many white papers have been issued without disclosing sufficient information. The detailed description on rights and obligation, even if it is provided, was not clear enough to determine whether they are legally enforceable or not due to lack of legal precedents.