Formation of the Business Model of Crypto Asset Management

• DOI: 10.14704/web/v18si04/web18199
• Publication Date: 2021-11-02T12:39:08Z
• Authors: Nadezda Glubokova; Tatiana Morozova; Ravil Akhmadeev; Olga Bykanova; Natalia Philippova; Liubov Lehoux
• Keywords: 0202 electrical engineering, electronic engineering, information engineering; 02 engineering and technology

Modern economic research of the market for distributed ledgers and blockchain technologies shows that both nature stage its development implemented measures to ensure security with digital corresponding industry specificity verify information provided users financial statements continue be controversial. In this regard, when discussing cryptocurrencies technology, it is necessary consolidate terminology at legislative level, which can used in same manner by state administrations, as well international companies. turn, forming accounting policies companies carry out operations cryptocurrency, important take into account current interpretations Committee on Interpretations International Financial Reporting Standards. At time, some practical issues cannot resolved unambiguously due discrepancy between essence crypto assets other types objects. Despite multiple similarities their classification, subsequent reassessment format standards, greatest difficulty raised questions about reliability top management managing company's business processes, value reporting architecture. Based results study, authors propose a promising engineering model assets, built basis provisions IFRS.