FreeCryptoCurrency.Me

Quick Take

• Founded in 2018, TaxBit provides crypto tax and accounting solutions for retail and institutional clients (greater focus on providing up-to-date institutional products for public and private sector clients)
• TaxBit announced its $100 million Series A round in March 2021 and its $130 million Series B round (at a $1.33 billion valuation) in August 2021
• TaxBit and other service providers are waiting for additional clarification on the scope of the new crypto provisions (i.e., November 2021 Infrastructure Investment and Jobs Act) – anticipating stricter regulations in the future, TaxBit has been strategically positioning itself to meet the reporting needs of large international companies active in the crypto space, both in the U.S. and abroad
• TaxBit is continuing to invest and build its Corporate Accounting Solution (CAS) and its government-focused business alongside international expansion

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