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Blockpit GmbH
Austria
28 Sep 2017 (8 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Blockpit GmbH
Company Information
Get to know Blockpit GmbH
Blockpit has developed a cross-platform monitoring solution that is intended for both companies and private crypto currency traders. This enables a clear calculation of the taxable crypto income and an acceptance of the tax return by tax consultants. Crypto traders are often unaware of taxes on profits. Regular trading makes it difficult to keep track of the individual trades. This is mainly because every single transaction, including the exchange within crypto currencies, must be valued as a taxable event. If the tax office requests a declaration or proof, it will be difficult to provide this afterwards. This is where Blockpit's software solution can help. The monitoring platform automatically records all sources of income and creates a clear log. Every single transaction is imported and guarantees a daily documentation of all trades. In addition, the user receives an overview of the development of his portfolio and information on taxable profits and speculation periods.
Industry
- Crypto CryptocurrencyPRIMARY
- Financial Banking
- Financial Other Service
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