Banca de QUALIFICAÇÃO: EDUARDO RUSSOLO FERREIRA

THE CRYPTOACCOUNTING OF DIGITAL CURRENCIES

Digital Currencies. Cryptocurrencies. CBDC. Accounting. Measurement.

This study aims to evaluate whether the financial information resulting from practices current recognition, classification and measurement of digital currencies meet the objective accounting principle of providing useful information to users in decision making economic. The study analyzes two types of digital currencies: issuing cryptocurrencies private sector, and central bank digital currencies (CBDCs). Despite the growth of the market for digital currencies, there are no specific standards for accounting for these instruments in regulatory framework of the main regulatory bodies and in most jurisdictions national. The study seeks to reveal whether the normative gap, and the consequent multiplicity of existing accounting practices, compromises the usefulness of the resulting financial information. The study promotes the dissemination of knowledge about the digital currency ecosystem and their impacts on accounting, in addition to encouraging reflection on possible distortions and shortcomings of current digital currency accounting practices. This reflection can be interest to investors, analysts, financial report preparers, auditors and, above all, for regulators, given the current regulatory gap.