Tutorial question IAS2, IAS38& IFRS13 Accounting Theory

Entities and individuals are increasingly considering initial coin offerings (ICOs) to raise capital or participate in investment opportunities. While these digital assets and the related technology may present a new and efficient ways to carry out financial transactions, they also bring an increased risk of fraud and manipulation as the markets for these assets are less regulated than traditional capital markets(U.S. Securities and Exchange Commission, 14 July 2021).

You are required to: discuss how these crypto-assets should be accounted for in accordance with the above IASs/IFRSs/MFRSs.

Hi, Dear Sir/Madam, Bc I was sick so I miss the lecture on this chapter, so now I'm still not very clearly understanding. I was confused about this tutorial question, may u guide me? Thank you very much ^^ so so much

Format:

1.Brief relevant discussion on: Key definition, Recognition, Measurement & Disclosure/Presentation of IAS2, IAS38& IFRS13.

2. Propose how entities should account for the crypto assets in accordance with the above IASs/IFRS.