Accounting for the Virtual Economy: Viewing Through the Prism of Digital Currencies

Abstract

The emergence of digital currencies has led to the development of new accounting methods that are significantly different from traditional accounting methods. Digital currencies have created new challenges for accountants due to their unique features and the absence of a regulatory framework.The purpose of this study is to provide an extensive analysis of the current state of cryptocurrency bookkeeping. The article covers topics such as the history of digital currencies, the characteristics of digital currencies, the accounting procedure for digital currencies, and the difficulties in accounting for digital currencies..