Austria-based crypto tax software provider Blockpit has acquired one of its largest competitors, Accointing, for millions of dollars.
by Blockpit Tuesday, November 6 According to the details announced via e-mail on Friday, the company’s biggest rival is the on-chain analysis platform From Glassnode he bought.
Although the amount of the purchase is not clearly disclosed, Blockpit CEO Florian Wimmer In his response to the global press, he stated that this agreement “multi-million dollarHe stated that it was a job. Blockpit stated that the acquisition agreement was made in an all-cash transaction and that shares were not included.
Blockpit is the main owner of Accointing, which has a critical value for cryptocurrency taxation systems. From Glassnode and strengthened its dominance over Europe. In the past period, Accointing stood out especially with its UK-based customers.
It is noteworthy that the acquisition took place before the new crypto tax laws in the European Union came into force. European Parliament Eighth Administrative Cooperation Directive (DAC8) It had adopted the new rules known as.
Under these new rules, cryptocurrency companies will automatically share their tax returns with governments and include customer asset information in this sharing. These rules of EU member states to 31 December 2025 application and my comprehensive application in January 2026 is expected to start.
Blockpit’s chief legal officer speaking about regulations in Europe Max Berntstated that with these new rules, both individuals and service providers will now need to report their taxes:
DAC8 in the EU and CARF globally lead to a paradigm shift in crypto tax reporting: from now on, tax reporting obligations will fall not only on individuals, but also on service providers.