New Crypto Accounting Rules Could Accelerate Corporate Bitcoin Adoption, Says CEO Of Leading BTC Miner — Mark-To-Market Standards ‘Really Important’

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) co-founder Frank Holmes said that the new cryptocurrency accounting standards will remove barriers to corporate adoption of Bitcoin (CRYPTO: BTC).

What Happened: During an interview with Scott Melker, host of the popular “The Wolf of All Streets” podcast, Holmes was asked about the rule change by the Financial Accounting Standards Board and whether it will drive more companies to consider Bitcoin as a reserve.

“Yes, absolutely,” responded Holmes, who leads North America’s first publicly traded Bitcoin mining company.

Full story available on Benzinga.com