This action is in response to new advancements in regulations as well as rising demand for TaxBit's accounting compliance and tax solutions.

Dr. Max Bernt has been appointed Managing Director of Europe for TaxBit, which has announced its European expansion.

TaxBit stated today that it is entering the European market. With its clear payment regulations and supportive environment for digital asset innovation, Europe has emerged as a hub for the digital asset ecosystem. Taxbit is positioned to be a key component in facilitating the legal adoption of digital assets for the world economy. Dr. Max Bernt has joined TaxBit as the Managing Director of Europe as part of this growth.

TaxBit stated today that it is entering the European market. With its clear payment regulations and supportive environment for digital asset innovation, Europe has emerged as a hub for the digital asset ecosystem. Taxbit is positioned to be a key component in facilitating the legal adoption of digital assets for the world economy. Dr. Max Bernt has joined TaxBit as the Managing Director of Europe as part of this growth.

According to Lindsey Argalas, CEO of TaxBit, "Europe has led the way in providing regulatory clarity for payments and digital asset innovation." "We're excited to support European governments and companies, furthering our mission of enabling compliant adoption of digital assets for the global economy."

With the recent European launch of its DAC7 and CESOP tax services as well as its IFRS-compliant accounting solution, TaxBit is demonstrating product momentum. These cover the intricate reporting requirements that affect EU companies involved in cross-border payments and digital asset operations, highlighting TaxBit's dedication to maintaining the forefront of regulatory compliance in the dynamic environment.

In order to guide TaxBit's activities in the area, Dr. Max Bernt, a prominent expert on European tax law for digital assets and a leading thinker in the field, has joined the firm as Managing Director of Europe. As MiCA and DAC8 laws take effect, Dr. Bernt will play a crucial role in assisting businesses and governments in navigating the complexity of the European digital asset market by utilizing his extensive ecosystem network and regulatory expertise.
 

TaxBit has teamed with Blockpit, the top European cryptocurrency tax solution for individuals, to enhance its enterprise and government technologies and subject matter expertise. When combined, they can effectively address the intricate tax and accounting reporting issues that individual trades, institutional investors, and crypto asset service providers encounter. Through this collaboration, the offerings of both businesses are improved, and their common goal of a transparent and compliant global digital asset ecosystem is realized.

Florian Wimmer, CEO of Blockpit, observes great synergy: "We have been selected by the majority of European cryptocurrency service providers to assist them with the tax reporting side for consumers for a number of years. Since enforcement is rapidly approaching, our collaboration with TaxBit now enables us to enhance this service with a best-in-class solution for their reporting requirements."