Kryptos becomes a member of the International Association for Trusted Blockchain Applications (INATBA) to redefine taxes in the crypto industry. This collaboration marks a big step towards evolving how crypto taxes are done today – simplifying it for the masses and promoting crypto adoption. 

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Launched in 2019 by the European Commission, INATBA – International Association for Trusted Blockchain Applications, is a highly influential Association in advocating for Blockchain and DLT adoption in Europe and globally. INATBA is mainly known for its credibility with regulatory authorities and policymakers and is appraised for its contributions to Markets in Crypto Asset Regulation (MICA), Transfer of Funds Regulation (TFOR), electronic Identification, Authentication and Trust Services (eIDAS), CHAISE Project, EU Pact for Skills, Academic & Governmental Advisory Bodies, and its passionate diverse global community of CEOs, CTOs, Heads of Policy, Public/Institutional Relations, Legal, Marketing, Developers and Policymakers.

What Does Joining INATBA Mean For Kryptos?

Kryptos strives to bring crypto adoption to the masses and make crypto investors’ life stress-free. The application serves crypto investors, enterprises and public institutions with accounting, portfolio management and tax reporting services. Becoming a member of the INATBA means facilitation of their end goal while complying with evolving laws and regulations at all times.

Our membership reinforces the trust factor for Kryptos users as INATBA members are adhered to follow transparency and fair policies while building industry-leading applications.

"We are excited to welcome Kryptos as a member of INATBA. They are helping individuals and businesses navigate the complex world of crypto taxes and compliance, ultimately increasing transparency in the industry. We look forward to their continued engagement in the Finance Working Group on creating fair and effective taxation for public investment and services, while fostering a business environment in which innovation can thrive, " stated Ricardo Ricardo Simões. 

“It's an honor for Kryptos to join INATBA's esteemed community of organizations in the crypto tax space. The community expertise and support will help us build better for the crypto audience,” said Sukesh Kumar Tedla, Kryptos Founder and CEO. “Taxes have been one of the most complicated aspects of the crypto industry which intimidates many investors. We hope to simplify it for the masses while making sure everything complies with the laws. With INATBA, we look forward to building better solutions, simplify regulations and encouraging blockchain adoption.”

Earlier, Sukesh Kumar Tedla also co-founded Telos, a fast, scalable public blockchain network EVM focused on real-world use and adoption of web3. He is also the chairman and a board member of the Swedish Blockchain Association. As an expert working closely in the blockchain industry, he realized the complexity of the tax space which motivated him to build Kyptoskatt to simplify crypto taxation for the mass.

Being in the crypto tax space, Kryptos has always taken regulations and compliance seriously for crypto assets. Now, as a part of the INATBA community, Kryptos will be participating in shaping laws and regulatory policies for crypto taxes. This step comes as a potential for Kyptokskatt to help transform the blockchain industry meaningfully and fulfil its commitment towards crypto investors.

The Kryptos team will be working closely with industry experts in the forum to accelerate innovation in their application. Joining INATBA will also give Kryptos massive exposure to other community members or crypto investors in general who can benefit from the application. 

Kryptos has recently been selected as one of the finalists in the Binance Labs Incubation Program Season 5 for its promising innovation in the crypto space. To know all their latest updates, follow Kryptos on Twitter, and Linkedin.

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All content on Kryptos serves general informational purposes only. It's not intended to replace any professional advice from licensed accountants, attorneys, or certified financial and tax professionals. The information is completed to the best of our knowledge and we at Kryptos do not claim either correctness or accuracy of the same. Before taking any tax position / stance, you should always consider seeking independent legal, financial, taxation or other advice from the professionals. Kryptos is not liable for any loss caused from the use of, or by placing reliance on, the information on this website. Kryptos disclaims any responsibility for the accuracy or adequacy of any positions taken by you in your tax returns. Thank you for being part of our community, and we're excited to continue guiding you on your crypto journey!