Proof of reserves and its flaws

Probably you have already read news about major auditors refusing to audit the crypto-whale’s proofs of reserve. Now auditors don’t want to further put at risk their reputation and are extremely cautious with anything that has “crypto” in its naming.

🔍We have seen those gaps before the current auditors exodus and, as promised, would like to share our thoughts on this topic in the material which you can read here.

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Relevant Law

In Czech law, the Civil Code and the Business Corporations Act are relevant for determining the scope of duties and responsibilities of the statutory body.

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