Blockpit develops an interactive map for cryptocurrency taxation and thereby provides a worldwide overview over tax regulations for crypto traders. The open platform already contains information for several countries and is expanding constantly due to user engagement and global corporations with tax advisors.
With everyday regulations on the crypto market are getting stricter, making it challenging for traders to keep an overview over the current legal situation. One crucial topic: crypto taxation. As there is no unified approach yet, each country operates on its own when it comes to crypto tax reporting.
The Austrian startup Blockpit addresses this problem with their project called CryptoTaxMap. To reduce the legal complexity crypto users worldwide face, they developed an interactive map which provides reliable and current information on the fiscal treatment of cryptocurrencies.
The interactive website displays a world map with additional, country-specific details on tax regulations. The map already includes information on the United States, the UK, Germany, Japan and many more countries and it is expanding globally. “The goal is to fill the whole map to offer a reliable platform for the whole crypto sphere,” says Blockpit CEO Florian Wimmer. The platform is accessible for free and offers the additional feature of registering for news alerts via email.
With help of the crypto community and tax advisors, Blockpit gathers and verifies information from legislations and keeps the website up to date on any changes in the tax law. Everybody can join the community and issue new information which is rewarded with 50 TAX token by Blockpit. The project by now also has a list of tax accountants on board who add and verify information which is submitted by individuals. Thanks to interaction and global cooperations the CryptoTaxMap stays up to date with latest adjustments or releases from governments or the European Parliament.
Search for your country and get specific information on the tax laws which apply to you.
Subscribe for updates to get news when regulations in your country are changed or added.
Participate with your knowledge and get 50 TAX token for new info. Or become CryptoTaxMap partner when you are a tax advisor.
Blockpit is a seamless, automated web-based and mobile cryptocurrency tax reporting and portfolio monitoring application. Blockpit uses APIs of numerous exchanges such as Binance, Coinbase, Poloniex, Kraken and many more to link them up with its services. The vision is to allow Blockpit users to automatically combine all their trades, wallets, mining rewards and other incomes such as airdrops into one dashboard.
The dashboard provides a clear overview on what was realized in gains to report to tax authorities. Blockpit also allows its dashboard users to generate tax reports which can be legally approved by one of Blockpit’s partners. An open beta version has been online since January 2018. Currently, the company is doing a € 12.5 million tokensale of their TAX utility token on their website.
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