{"id":64164,"date":"2020-09-10T15:52:53","date_gmt":"2020-09-10T13:52:53","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=64164"},"modified":"2024-05-08T08:38:15","modified_gmt":"2024-05-08T06:38:15","slug":"cryptotax-acquired-by-competitor-blockpit","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/64164\/cryptotax-acquired-by-competitor-blockpit\/","title":{"rendered":"Cryptotax acquired by competitor Blockpit"},"content":{"rendered":"<div class=\"entry-content\">\n<p>With the acquisition, Blockpit aims to leverage economies of scope and ensure its international competitiveness. For example, the KESt tool developed by Cryptotax, which also offers tax reporting for traditional securities, complements Blockpit&#039;s KYT (Know-Your-Transaction) tool, which, in addition to tax returns, also targets the legally compliant anti-money laundering checks of digital assets.<\/p>\n\n\n\n<p><strong>Florian Wimmer<\/strong>, founder and managing director of Blockpit, explains:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u00a0&quot;Although Blockpit and Cryptotax operate in the same market segment, they have different focuses and strengths. We examined their corporate structures closely and recognized great synergy potential, especially in the combination of the technology used and the expanded country coverage.&quot;<\/p><\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cThe medium-term goal is to combine both companies into a well-known global player and to expand intensively in the US market,\u201d<\/p><\/blockquote>\n\n\n\n<p>adds <strong>Klaus Himmer<\/strong> , former owner and managing director of Cryptotax. Blockpit and Cryptotax currently operate in the DACH region and the USA. Starting in 2021, the offering will be expanded to include new markets such as the United Kingdom, Canada, Australia, South Korea, and other EU countries. However, users can already have the software generate a standardized global report on all transactions, which can be submitted to the relevant tax authorities.<\/p>\n\n\n\n<p>To accommodate these expansion plans, the teams of both companies and the Munich location will remain. Existing customers of both companies will initially not experience any changes as a result of the acquisition, as the existing features and pricing model will remain unchanged.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Help for investors<\/h2>\n\n\n\n<p>The company provides a free crypto tax guide for investors to download and recommends that all taxpayers document all income from cryptocurrencies transparently and accurately. The 50-page free PDF addresses the tax treatment of trading in digital assets in Austria, Germany, and Switzerland.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;Many private investors, as well as companies and large traders, still assume that the taxation of profits from crypto trades is a gray area or are uncertain about the current legal situation. However, the regulations are clearly laid down by the tax authorities, and we recommend comprehensive documentation of all trades for later proof and legal certainty. These reports can and will be requested by the tax office,&quot;<\/p><\/blockquote>\n\n\n\n<p>explains Florian Wimmer.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Munich-based startup 21 Consulting \u2013 better known under the brand name Cryptotax \u2013 provides legally compliant proof of origin for calculating and reporting taxable profits from trading in cryptocurrencies and digital assets. It has now been acquired by its competitor Blockpit from Linz.<\/p>","protected":false},"author":33,"featured_media":64165,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[3032,223],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cryptotax von Konkurrent Blockpit \u00fcbernommen - Munich Startup<\/title>\n<meta name=\"description\" content=\"Das M\u00fcnchner Startup 21 Consulting \u2013 bekannt unter dem Markennamen Cryptotax \u2013 wurde von seinem Mitbewerber Blockpit aus Linz \u00fcbernommen.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/64164\/cryptotax-acquired-by-competitor-blockpit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cryptotax von Konkurrent Blockpit \u00fcbernommen - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Das M\u00fcnchner Startup 21 Consulting \u2013 bekannt unter dem Markennamen Cryptotax \u2013 wurde von seinem Mitbewerber Blockpit aus Linz \u00fcbernommen.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/64164\/cryptotax-acquired-by-competitor-blockpit\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-10T13:52:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-08T06:38:15+00:00\" \/>\n<meta name=\"author\" content=\"Maximilian Feigl\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maximilian Feigl\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/64164\/cryptotax-von-konkurrent-blockpit-uebernommen\/\",\"url\":\"https:\/\/cms.munich-startup.net\/64164\/cryptotax-von-konkurrent-blockpit-uebernommen\/\",\"name\":\"Cryptotax von Konkurrent Blockpit \u00fcbernommen - 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Dabei haben es dem studierten Politikwissenschaftler vor allem Deeptech-Themen angetan.\",\"url\":\"https:\/\/cms.munich-startup.net\/en\/author\/feigl\/\"}]}<\/script>\n<meta property=\"og:image\" content=\"https:\/\/cms.munich-startup.net\/en\/wp-content\/uploads\/2020\/09\/IMG_0104_bpit_ctax_Florian-Wimmer___Klaus_Himmer___c_blockpit___72dpi__web_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cryptotax acquired by competitor Blockpit - Munich Startup","description":"The Munich-based startup 21 Consulting \u2013 known under the brand name Cryptotax \u2013 was acquired by its competitor Blockpit from Linz.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cms.munich-startup.net\/en\/64164\/cryptotax-acquired-by-competitor-blockpit\/","og_locale":"en_US","og_type":"article","og_title":"Cryptotax von Konkurrent Blockpit \u00fcbernommen - 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