![]() We are pleased to introduce Estonia as the European oasis for the cryptocurrency market. Our managing director of the audit practice Igor Chaika reviewed issues of cryptocurrency classification for accounting purposes (both Russian Accounting Standards and IFRS), and the accounting procedure for cryptocurrency in the Russian accounting. Such draft laws have already been submitted for consideration to the State Duma. This edition covers draft laws that may be considered the first attempt to legalize blockchain technologies in Russia. In the near future, we will observe transformations of the Russian legislation related to development of digital tendencies, as shown by the judgement of the Ninth Arbitration Court of Appeal dated May 7, 2018, according thereto the court recognised cryptocurrency as property. Russia is likely to join the list of countries that recognized bitcoin at the national level. Our experts reviewed risks attributable to ICO, as well as key aspects which should be considered upon the project preparation. ![]() The hype around ICO is growing with each passing year and draws the attention of not only people connected with the IT-world, but also those people who have never associated themselves with one. This edition is dedicated to cryptocurrency and all related matters. We believe our picks are primed for a heavy run to the upside.Welcome to the summer edition of our corporate journal “Korpus Prava.Analytics”. $ATOM has lately alot of drama in governance so we have exited it due to risk reward. We believe some of our picks will outperform $BTC heavily in following weeks. $DOT Is a crosschain L1 protocol that fullfils our multichain thesis. $MKR Is the 2nd biggest protocol on Ethereum and biggest decentralised stable coin project With THORCHAIN there is no more need to CEX's like Binance, Coinbase etc. We'll say it in a simple way: YOU WILL USE $RUNE & YOU WILL BE HAPPY WITHOUT KNOWING YOU ARE USING IT. Recently biggest & most trusted wallet providers have implemented or have announced they are implementing $RUNE in it's backend (TrustWallet, Ledger.) Once liquidity and high volumes return to crypto so will $RUNE's price. And best part it's part of $ATOM Ecosystem. Offers self custory, directly from your hardware wallet, beeing able to swap to any chain, take a loan, earn yield etc. It works like a liquidity blackhole for entire crypto space. $RUNE is extremely complicated to explain in 1 sentence so we will summarise it. Seeing it down nearly 90% from ATH is a perfect point to enter. ![]() ![]() NEAR PROTOCOL is already live with sharding, has one of highest developer activity, very strong treasury and one of the biggest support from VC Firms. $NEAR was heavily impacted due to VC & Institutions like DCG have had big positions in it & they had to liquidate assets due to bankruptcy of their subsidiary Geneis. Since $BTC is on rampage lately, we can see that $ATOM is slowly underperforming it, while some altcoins are having crazy runs. This was the reasoning for our $ATOM pick. We are hard believers in $ETH but it has few technical disantvantages that other L1 have solved. Most L1's got hit extremely hard in bear cycle -> most suffered more than 90% loses $ATOM belongs to the coins that have the least correlation to $BTC & other part of crypto. Sure we felt the pain but we outperformed overall the market. $ATOM was one of the best L1 performers of the bear cycle in 2022 & it was our main holding. Reason for big shift in portfolio structure: ![]()
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