Master your crypto taxes in Spain with Blockpit and VicoX
Blockpit and VicoX Legal partner up to offer the taxpayers in Spain the most complete solution to understand, process and handle all their cryptocurrency transaction data for tax purposes. If you are a Spanish resident, don't miss the opportunity to benefit from this partnership.
Bitcoin becomes official means of payment
Paying for breakfast at McDonalds with Bitcoin has been possible in El Salvador since 7 September 2021. The country was the first to recognise Bitcoin as an official means of payment. This means that BTC is considered a foreign currency for other member states.
US Infrastructure Bill - Could you be considered a Broker?
The bill addressed U.S. taxation of crypto earnings. According to an anonymous Treasury official cited on Bloomberg, developers, miners, hardware, or software providers should not be affected by the new regulations as long as they don’t also act as brokers. The main criticism on the part of the crypto industry is the vague wording of the Treasury Department directive and a sense that Congress does not understand the industry well enough to regulate it.
Cryptotax Import for Ethereum-based DeFi applications
Our Cryptotax import gets upgrade
The new Ethereum Blockchain Import was developed by our KYT team (Know Your Transactions) and, in contrast to conventional DeFi import solutions that run via Etherscan and the like, is based on a specially developed in-house solution. We operate our own archive nodes, structure the data of the Ethereum blockchain (and others), store it in our databases and analyse the DeFi interactions with the help of precise algorithms.
New Blockpit Features
As a thank you to the many useful feedbacks and feature requests from our users, we hereby introduce you to the latest Cryptotax features such as advanced transaction filters, a newly designed reports page, and many more useful features.
DAC8 - EU obliges crypto exchanges to share information with authorities
Crypto exchanges in Europe will have to transmit user and transaction data and realized profits to the local authorities on an annual basis. Then the tax authorities can match whether that was also declared in the income tax return.