The incorporation of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. y Ethereum a decentralized open-source blockchain with smart contracts functionality. to the treasury of KPMG is possible thanks to a partnership with Gemini, the international exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. based in the USA.
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The Canadian audit, tax and private advisory services firm with over 150 years of service, KPMG, announced that it would now be handling funds Bitcoin (BTC) y Ethereum (ETH) in its corporate treasury following a trading partnership with the exchange Gemini.
KPMG will manage funds Bitcoin y Ethereum
The news was announced by the team of KPMG in a press release published today, where it indicated that it would make use of the services of the US-based international exchange as its main cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. provider. It is worth noting that the Canadian company is one of the four largest accounting organizations in the world.
In this regard, the KPMG indicated that in addition to providing support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for the aforementioned digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies, they will also implement carbon offsets to minimize emissions linked to transactions, and thus conform to the environmental standards under which the entities of the crypto sector seek to be hosted.
The managing partner of KPMG, Benjie Thomas, comentó:
“Cryptoassets are a maturing asset class. Investors from hedge funds, family offices to large insurers and pension funds are increasingly gaining exposure to cryptoassets… and traditional financial services, such as banks, financial advisors and broker-dealers, are exploring product and service offerings involving these assets. This investment reflects our belief that among institutions, the adoption of cryptoassets and Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. technology will continue to grow and become a regular part of the asset mix.”
For her part, the advisory partner and co-head of the crypto-assets and services department Blockchain para KPMG, Kareem Sadek, señaló:
“The cryptoasset a cryptoasset is any digital asset that uses cryptographic technologies to maintain its operation as a currency or decentralized application. industry continues to grow and mature and should be considered by institutional and financial services investors.”
Making the decision
The decision by KPMG comes as a result of a fairly extensive study process, and to make this possible, a governance in the world of cryptocurrencies, governance is defined as the people or organizations that have decision-making powers regarding the project. committee was created with members from finance, risk management, advisory, audit an audit is a process where developers inspect the underlying code and/or algorithm that compose systems and applications. and tax, which oversaw every step to bring this decision to fruition.
That organization undertook a rigorous risk assessment process, including tax and accounting implications, concluding that the incorporation of cryptocurrencies was not against the interests of KPMG and that could open up new avenues for the company.
It is worth noting that KPMG es una de las empresas de su tipo con más trayectoria en Canadá, la cual maneja una base de más de 8.000 empleados en más de 40 localidades.
At the moment, there is no information available on the size of the allocation allocation is the allotment of equity or tokens that may be earned, bought, or reserved for a specific team, group, investor, institution, or another similar entity. earmarked by KPMG.
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Source: BitcoinMagazine , Official Communiqué
Version by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash
