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While crypto payments promise agility and low friction, every transaction exposes businesses to complex tax obligations that are often manual, error-prone, and distracting from core operations.
The tension lies in the need for speed and simplicity in crypto payments versus the reality of intricate, jurisdiction-specific tax laws—turning efficient payments into a compliance burden and a risk for costly penalties or audits.
Regulatory frameworks across the Eurozone are not harmonized for crypto, leading to inconsistent tax rules and reporting requirements.
Current accounting systems and tax tools are not natively integrated with crypto transaction platforms, creating a technical and process gap for automated, compliant tax workflows.
Manual reconciliation, spreadsheet tracking, and generic tax software which do not handle crypto intricacies or multi-jurisdiction needs, leading to high error rates and administrative burden.
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This report has been prepared for informational purposes only and does not constitute financial research, investment advice, or a recommendation to invest funds in any way. The information presented herein does not take into account the specific objectives, financial situation, or needs of any particular individual or entity. No warranty, express or implied, is made regarding the accuracy, completeness, or reliability of the information provided herein. The preparation of this report does not involve access to non-public or confidential data and does not claim to represent all relevant information on the problem or potential solution to it contemplated herein.
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