Typology and classification of crypto-assets based on the MiCA regulatory framework: contributions and limitations
Luz Parrondo · Edward Elgar Publishing eBooks · 2024
This chapter analyses the crypto-assets taxonomy and provides an accounting proposal following the existing IFRS standards. Crypto-assets may classify as Cryptocurrencies, E-money tokens, Utility tokens, and Security tokens. The delivery of definitions for accounting purposes addresses some of the concerns raised by the EFRAG Discussion Paper and helps accounting regulators adapt current IFRS standards to blockchain-based tokens’ taxonomy and nature. The chapter contributes to providing an accounting guide for practitioners in their financial disclosure.