Test for Correspondence to a Digital Asset
In order to confirm the correspondence of the Bitbon[i] blockchain token[i] to a digital asset[i] and use it in the existing international legal field, a special methodology was developed, which allows recording the Bitbon digital asset in accounting documentation as an intangible asset in accordance with the International Financial Reporting Standards. This methodology makes the Bitbon digital asset clear for the norms of the current legislation within the scope of a specific jurisdiction. Thus, the definition of the Bitbon blockchain token as a digital asset is the foundation for the legally protected implementation of the owner’s property right to the Bitbon digital asset in accordance with all accepted international standards.
Bitbon blockchain token is a digital asset.
Scientific and legal opinion of the Research Center of Legal Solutions in the Area of Application of Distributed Ledger Technologies “Determining Whether the Bitbon Blockchain Token Corresponds to a Digital Asset”:
As a result of testing the Bitbon blockchain token’s correspondence to a digital asset, the total number of points amounted to 15. The interpretation of the results of the conducted research of the Bitbon blockchain token allows stating the following:
the results obtained over the course of testing indicate the required level of correspondence of the blockchain token to a digital asset.
You can read the full version of this opinion by following the link: https://bitbon-site.s3.eu-central-1.amazonaws.com/pdf/scientific-and-legal-opinion-diagnostics-of-a-bitbon-blockchain-token-conformity-a-digital-asset.pdf
Certificate of a blockchain token’s correspondence to a digital asset.
The definition of Bitbon as a digital asset is the foundation for the legally protected implementation of owners’ property right to their Bitbons in accordance with all accepted international standards. The property right to the Bitbon digital asset can also be represented in accounting documentation as an intangible asset in accordance with the International Financial Reporting Standards 38 “Intangible Assets”.
You can view the certificate by following the link: https://bitbon-site.s3.eu-central-1.amazonaws.com/pdf/certificate-bitbon.pdf
- You can learn more about this subject from the article “Bitbon in the Economic and Legal Field” by following the link: http://bitbon.space/en/bitbon-international-standards
- You can read the Bitbon Protocol, a complex document confirming the backing of the Bitbon digital asset by real assets that include scientific and legal opinions, by following the link: http://bitbon.space/en/bitbon-protocol
- You can download the up-to-date version of the methodological manual “Methodology for Determining Whether a Blockchain Token Corresponds to a Digital Asset” by following the link: https://www.digitalassettest.org