Quick take:
- Zenfuse cooperates with Blockpit, the largest European Crypto RegTech provider, to eliminate legal uncertainty when trading crypto assets and keep traders safe when confronted with tax authorities.
- Blockpit complements the Zenfuse platform with real-time transaction analysis, to enable tax-optimized trading based on individual portfolio and audited tax frameworks for specific countries.
Blockpit has set its vision on the simplification of regulatory issues when it comes to crypto markets. Active traders quickly accumulate hundreds of transactions on multiple exchanges and wallets while often experiencing special events like airdrops, hardforks, swaps, margin profits, dividend payouts and many more.
The Blockpit platform automatically harmonizes different data sources, links incoming and outgoing transactions and categorizes coins, tokens and events as their respective legal counterparts. The backend tax engine then uses this data to give real-time information on realized gains/losses, unrealized gains/losses, tax-free or reduced gains, holding periods and much more.
A complete tax report based on a Big4 audited tax framework can be downloaded anytime to hand to respective authorities. This feature is set to be implemented into the Zenfuse platform and can be accessed via the ZEFU Token.
Both Blockpit and Zenfuse aim to simplify the cryptocurrency market as a third-layer solution. We see this as a great opportunity to join forces and get one step closer to our common goal.
Find out more at https://blockpit.io/en/business
