Cryptocurrency Knowledge Center
Explore our verified library of Cryptocurrency transactions. Every entry is reviewed for IFRS compliance and real-world accuracy by our technical accounting team.
Bitcoin Purchase — Treasury Reserve
Recording the purchase of Bitcoin as a corporate treasury asset using company cash.
Cryptocurrency Impairment — IAS 38 Cost Model
Recording an impairment loss when the fair value of held cryptocurrency falls below its carrying cost.
Cryptocurrency Revaluation Gain — IAS 38 Revaluation Model
Recording an upward revaluation of cryptocurrency holdings under the IAS 38 revaluation model.
Cryptocurrency Sale — Realised Gain
Recording the disposal of Bitcoin at a price above the carrying cost, recognising a realised gain.
Cryptocurrency Sale — Realised Loss
Recording the disposal of cryptocurrency at a price below its carrying cost.
Cryptocurrency Mining Revenue
Recording revenue earned by a cryptocurrency mining operation upon successful block validation.
Mining Equipment — Purchase and Depreciation
Capitalising ASIC mining rigs and recording monthly depreciation.
Mining Electricity Cost — Direct Operating Expense
Recording the electricity cost as the primary operating expense of a cryptocurrency mining operation.
Proof-of-Stake Staking Rewards
Recording income from staking cryptocurrency to validate transactions on a proof-of-stake network.
DeFi Yield — Liquidity Pool Income
Recording income earned from providing liquidity to a decentralised exchange (DEX) liquidity pool.
Cryptocurrency Exchange — Trading Fee Revenue
Recording trading fee revenue earned by a cryptocurrency exchange on user trades.
Exchange User Cryptocurrency Balances — Liability
Recording the liability of a cryptocurrency exchange for user funds held in custody.
NFT Sale Revenue — Primary Market
Recording revenue from the sale of NFTs (Non-Fungible Tokens) created and sold by the issuing entity.
NFT Secondary Sale Royalty Income
Recording royalty income earned automatically when an NFT is resold on a secondary marketplace.
Token Issuance — Initial Coin Offering (ICO) / Token Sale Proceeds
Recording the proceeds received from issuing utility tokens to investors in a token sale.
Token Revenue Recognition — Platform Service Delivered
Recognizing deferred token revenue as the underlying platform services are delivered to token holders.
Stablecoin Issuer — Reserve Asset and Liability
Recording the reserve assets held by a stablecoin issuer against outstanding stablecoin liabilities.
DeFi Protocol — Protocol Fee Revenue
Recording fee revenue earned by a decentralised finance protocol on lending, borrowing, or swap transactions.
Cryptocurrency Custody Service Fee Revenue
Recognizing monthly fee revenue from providing institutional cryptocurrency custody services.
Airdrop Received — Cryptocurrency Income
Recording cryptocurrency tokens received via an airdrop from a protocol as income.
Hard Fork — New Cryptocurrency Asset Received
Recording the receipt of new cryptocurrency tokens resulting from a hard fork of a blockchain.
Lost or Stolen Cryptocurrency — Write-Off
Writing off the carrying value of cryptocurrency that has been stolen, lost through a hack, or sent to an inaccessible address.
Crypto-to-Crypto Exchange — Disposal and Acquisition
Recording a trade of Bitcoin for Ethereum — treated as a disposal of Bitcoin and acquisition of Ethereum.
Cryptocurrency Received as Payment for Goods/Services
Recording the receipt of cryptocurrency as payment for goods or services sold.
Cryptocurrency Used to Pay for Expenses
Recording the use of cryptocurrency holdings to pay for business expenses — treated as a disposal of the cryptocurrency.
Collateralised DeFi Loan — Cryptocurrency Pledged
Recording cryptocurrency pledged as collateral to borrow stablecoins from a DeFi lending protocol.
Mining Equipment Impairment — Network Difficulty Spike
Recognizing an impairment loss on mining equipment when network difficulty increases make machines unprofitable.
Cryptocurrency Lending — Interest Income
Recording interest income earned from lending cryptocurrency to institutional borrowers.
Regulatory Compliance Costs — Crypto Business
Recording the cost of AML/KYC compliance, licensing, and regulatory reporting for a cryptocurrency business.
Protocol Token Buyback — Treasury Operation
Recording the repurchase of the protocol's own governance tokens from the open market.
Smart Contract Security Audit Expense
Recording the cost of a third-party security audit of a DeFi protocol's smart contracts.
CBDC Settlement Balance — Financial Institution
Recording a balance of Central Bank Digital Currency (CBDC) held by a regulated financial institution for settlement purposes.
Income Tax Provision on Cryptocurrency Capital Gains
Accruing income tax on realised cryptocurrency disposal gains.
Employee Compensation Paid in Cryptocurrency
Recording employee salary paid in cryptocurrency under an elected or negotiated crypto payroll arrangement.
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