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  • Blockchain Advisory

Blockchain Advisory

 

 

Our services

We are focusing on services that support businesses operating in the blockchain/crypto space. Our team consists of representatives from each service line (Audit/forensics, tax, accounting, legal, advisory etc.). 

 

Four steps to help you make the most of your blockchain potential for your business:

Starting the blockchain journey with an initial overview of the topic. The one-hour presentation that will guide the client through the highlights of the technology and its potential applications.

Find out more about the basics of blockchain technology and how it could transform the future of the industry. Our experts will help you develop ideas on products and/or processes that the company could put into practice using blockchain. We want the client to leave our workshop with a sound basic understanding of the technology and an overall picture of the various fields of application.

We take a closer look at the blockchain application ideas generated during the workshop, assessing their potential in a detailed analysis. Our aim includes establishing the feasibility of the project and assessing its associated risks.

If the analysis shows that blockchain has the potential to increase the efficiency of the client company’s processes, we will then develop with our technology partners the application for you. From the prototype to an operational platform, BDO will support you through the transformation process, leaving you free to focus on your day-to-day operations.

"The business potential for blockchain applications is multiple and promises an optimization of processes and new products. Keeping this in mind, a holistic perspective of the risks and opportunities is therefore particularly important, ”says Tibor Vincze, Business Consulting Manager and Blockchain Technology Specialist.

 

Types of our services

 

„BDO Approved“

"From the prototype to an operational platform, BDO will support you through the transformation process, leaving you free to focus on your day-to-day operations."

  • Presentation of the basic attributes of blockchain and cyptoactive technologies and their potential use in practice.
  • Identification of potential for the implementation of products and / or processes that the company could put into practice.
  • Detailed analysis and assessment of identified products and / or processes and their impact on the company's existing business model.
  • Identification and assessment of related risks in relation to local and European legislation as well as tax implications.
  • Identification, description and assessment of economic risks associated with cryptoactive assets in the context of the company's business model (operations and processes of buying and selling cryptoactive assets, profile and assessment of purchased cryptoactive assets).
  • Implementation of selected products and / or processes.
  • Mapping of existing products and / or processes related to blockchain technology or cryptoactive assets.
  • Identification, description and assessment of economic risks associated in the context of the company's business model (operations and processes of buying and selling cryptoactive assets, profile and assessment of purchased cryptoactive assets).
  • Identification and assessment of related risks in relation to local and European legislation as well as tax implications.
  • Description of technical risks related to the holding and custody of cryptoactive assets (compliance, approaches, insurance and evaluation of custody technology).
  • AML risks related to cryptoactive assets (identification of obligated and optional persons).
  • Assessment of the business model of a company whose business is services related to cryptoactive assets or which use them to obtain financing (tokenomics, assessment of coin distribution).
  • Proposal of measures for the elimination of critical points, including implementation.
  • Technological aspect.

Regulatory framework

  • Implementation of MiCA
  • MiCA compliance

Corporate Structuring

  • Design of corporate structure (taking advantage of
    global opportunities in advantageous jurisdictions)
  • Tailored made jurisdiction analyses
  • Implementation of corporate structure
  • Asistance in obtaining appropriate regulatory
    permissions and licenses
  • Designing KYC/AML procedure

Blockchain solutions

  • Transfering business goals into technology roadmaps
  • Workshops - teaching employees about blockchain
  • Identifiyng potential for blockchain solution
    - process optimization
  • Feasibility studies
  • Development of solution

Cryptocurrencies

  • Accounting and bookkeeping
  • Tax advisory
  • Cryptocurrency due diligence

Assurance

  • Blockchain DLT system audits
  • Regulatory risk analysis

 

Areas of services

"Failure to declare cryptocurrency assets is a tax offene."
We will assist in declaring the aggregated products appropriately. Do you need to know how to define the tax-free capital gains or taxable income from cryptocurrencies? Our tax experts are available to support you in any of your tax topics.
"We can give you advice on all aspects of cryptocurrency accounting."
Our experts in various committees and boards involved in defining new standards represent us. It means you benefit from the very latest knowledge and insights into new guidelines and standards.
"We will ensure compliance with legislative requirements."
We can help you to prepare for legislative change by advising on legal and regulatory requirements, as well as on practical aspects of their implementation from the perspective of operational systems and controls adaptation.