With the invention of money, it was inevitable that many phenomena changed in the world and civilizations developed. With the use of money by society, both trade and social relations of societies with each other have changed. Over time, digital assets such as credit cards etc. have been used instead of money and have been accepted by the society. Today, cryptocurrencies are the talk of the world, but each country has reacted differently to the existence of cryptocurrencies. In addition, it is not yet a currency adopted by the whole world. From this point of view, there are also gaps in the legal legislation. Although cryptocurrencies are not officially accepted today, they are used in commercial life and used as an investment instrument. In this respect, cryptocurrencies are closely related to the accounting discipline. In the face of this emerging landscape, institutions in the field of accounting have made some explanations and comments, and the academic world has made cryptocurrencies the subject of their studies. However, there is no regulation on how to account for cryptocurrencies so far.

The aim of the study is to address the concept of crypto assets and to contribute to the literature with examples on how to account for cryptocurrencies. As a result of the study, it is concluded that cryptocurrencies can be recognized as cash and cash equivalents, inventories and intangible assets. However, the views accepted today may be subject to change or may lead to other studies.