LLC Artel became the first Russian company to which Bitcoin (BTC) was introduced into the authorized capital. Economists suggest that the precedent may serve as an impetus to expand the scope of the digital asset in Russia.
The owner of the company, Mikhail Uspensky, said thatArtel received 0.1 BTC from the investor as payment for the purchase of a 5% stake in the enterprise. At the time of the transaction, the value of the virtual currency amounted to 60,000 rubles. Ouspensky noted that employees of the Federal Tax Service initially refused to register changes in the authorized capital due to the introduction of Bitcoin. However, the company managed to achieve the recognition of cryptocurrency property. To solve this problem, three actions were performed:
- Veta conducted an expert assessment of the value of the wallet on which the coins were stored;
- Arteli specialists drew up the act of receiving and transmitting the username and password from the crypto store;
- the parties certified the documents with a notary and submitted them to the Federal Tax Service.
The tax inspectorate approved the operation from the secondtimes and contributed information on the increase in capital to the Unified State Register of Legal Entities. According to Ilya Zharsky, Managing Partner of Veta, during the appraisal work, the enterprise’s experts, together with representatives of the Expert Council self-regulatory organization of appraisers, prepared a list of methodological recommendations for determining the price of a digital asset that applies to all virtual currencies until the Law on Digital assets. ”
Specialist at Efficient Business ResourcesAlexander Zhuravlev believes that cryptocurrency can now be used as an investment tool, since the Federal Tax Service has assigned BTC property status. Nevertheless, the general director of the Tokenomica trading platform, Artyom Tolkachev, does not agree with this statement. In his opinion, the tax service did not consider the feasibility of integrating Bitcoin into the registered capital, but only made the necessary adjustments to the registry based on expert opinion. Therefore, theoretically, any asset can be added to the authorized capital of an enterprise if there is a valuation document.