Feras .M. Shehada (2019) The Challenges facing IFRS for Accounting of Cryptocurrencies , Administrative And Financial Sciences .
The study aimed to explain and analyse the challenges of accounting for cryptocurrencies in light of the current accounting framework of the International Financial Reporting Standards (IFRS) and identify appropriate model for accounting of cryptocurrencies. The study sample included the academicians in the accounting department of Palestinian Universities located in Gaza strip. For the purpose of measuring the variables, the study designed questionnaire to achieve this purpose.The findings of the study concluded that there are deficiencies in the IFRS for accounting of cryptocurrencies compared with traditional IFRS framework. It also concluded that using business models of enterprises, the differences in the usual activity of enterprises and the economic substance, leading to different use for accounting forms of cryptocurrencies compared with traditional IFRS framework.