Changelog

Building Crypto Tax Verification for EU Governments

We're excited to announce the development of a platform designed to enable governments, starting with Estonia, to verify crypto gains reports efficiently.

Vision:

• Platform Purpose: A centralized solution that allows the Estonian Government to checksum citizens’ crypto gains reports, ensuring transparency and compliance.
• MVP Focus: Begin with Estonia to establish proof of concept and credibility.

Approach:

1. Collecting LOIs:

• We’re reaching out to key players in the crypto industry (e.g., Coinbase, ByBit, OKX, Bitmart, Cryptomus) to gather Letters of Intent.
• These LOIs showcase the demand and willingness of industry leaders to collaborate on this initiative.

2. Pitching to Clients:

• Focused on engaging potential clients such as EU governments, accounting firms, and regulatory bodies.
• The first official pitch targets the Estonian Government as a launch partner.

3. MVP Delivery:

• Once an MVP contract is secured with the Estonian Government, we’ll begin development and deliver the product in collaboration with stakeholders.

4. Scaling Efforts:

• Post-successful MVP delivery, the plan is to expand the platform’s adoption to other EU countries and regulatory entities, leveraging the credibility of the initial launch.

Long-Term Goals:

• Establish this platform as a trusted standard for governments across Europe to regulate and audit crypto financial reporting.
• Build partnerships with regulatory and private entities to refine and expand the solution for global scalability.

For more updates and information, stay tuned!