Accounting of crypto assets

Technology is developing rapidly in the age we live in. It is claimed that there are technological solutions to a number of problems with the developing technology. The development is so fast that new topics come one after another before we have had time to understand a topic. After the introduction of Bitcoin, which claims to produce a solution for a problem in the field of banking and money transfer, many new concepts such as cryptocurrency, crypto asset, token, distributed ledger, blockchain, smart contracts, decentralized applications have taken place in our language. Without filling in a concept, new ones keep coming. Along with technological developments, it has also affected the economic assets that businesses take part in. These assets are bought, sold and traded in the market and reach monetary sizes in large sums. While businesses establish a business model on new generation technological assets, it is inevitable that their activities should be classified, accounted, measured and reported, and thus, their investors, partners, public authorities, namely financial statement users, must be provided with accurate, transparent and appropriate information. Our thesis work; Based on bitcoin and blockchain technology, it has examined the issue of how crypto assets created as new generation solution proposals should be accounted according to international accounting / financial reporting standards. The review was accompanied by a screening of worldwide practices as well as analysis in accordance with current standards. Thus, it is aimed to create an infrastructure for a legislative study in the field of accounting in our country.