Article
HOW BLOCKCHAIN ACCOUNTING ON IFRS AND PSAK?
The article aims to find out how blockchain accounting on ifrs and psak. Research USES secondary sources of documentation, notulency, previous observations and research. The study aims to deepen the theoretical study of how blockchain accounting on ifrs and psak. Blockchain is a decentralized system, where there is no centralized person or institution that regulates it. Blockchain technology is considered to be a very secure technology. In addition to being permanently compiled based on historical transactions, the level of security of information spread in this technology is also protected by cryptographic technology. Based on IFRS (Financial Reporting Standards) and PSAK (Financial Accounting Standards) there is no prior or current accounting treatment regarding Crypto Currency transactions. Cryptocurrencies are difficult to obtain accounting treatment for in Indonesia because they do not meet the definition of cash, intangible assets, according to this study.
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