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The superintendence of Colombian companies opened up the possibility of adding crypto assets to social capital

The corporate superintendence in Colombia changed their doctrine and opened up the possibility of making contributions in the form of crypto assets to the capital of companies. This was reported on December 21 from the Ámbito Jurídico website.

As can be seen from this publication, the decision was made with the following points in mind: “The criteria for recording inventories or as intangible must be met in accordance with the applicable regulations in this matter in order to allow full disclosure of the economic fact as required by law“.

In addition, they stated: “The legal norms that regulate the contribution in kind must be fully complied with“And they added,” Employees need to approve the evaluation of the same. From that moment on, they will respond jointly and severally to the value they have ascribed. “

The superintendence of Colombian companies opened up the possibility of adding crypto assets to social capital
The superintendence of Colombian companies opened up the possibility of adding crypto assets to social capital

On the other hand, they also stated of the company that – pursuant to Article 126 and the Commercial Code – the contributions are likely to be made “in goods other than money”.

“In this case, he warned, the benefits in kind are tangible or intangible assets that are not outside of trade and have an economic value that appears in a valuation approved by the associates or the board of directors under Articles 132 and 398 of the same normative compendium “, in detail from the legal field.

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