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CryptoTax Guru

CryptoTax Compliance for investors and Traders

CryptoTax Guru

Crypto investments have already caught you up, and then there are tax compliances and other regulatory implications, making investing a more tedious affair.Cryptocurrency adoption in recent times has seen a substantial increase, and for a system to be in place with better implementation where the investors, traders, and businesses operating in this space do not face any obstacles and get the most when attempting to manage their cryptocurrency tax obligations was the need of the hour.

CryptoTax Guru

Challenges Greek & Cypriot Investors Faced

Regulatory Gap

Existing tax management platforms lacked integration with Greek and Cypriot tax regulations.

Tax Complexity

The manual calculation of tax liabilities was time-consuming, error-prone, and complete.

Transaction Chaos

Users struggled with managing transactions across multiple cryptocurrency wallets.

Language Constraints

Language barriers limited the effectiveness of international solutions.

Security Concerns

Concerns about data security and GDPR compliance were still unaddressed.

Urgent Solution

There was an urgent need for a localized, secure, and user-friendly tax management solution.

Technology Stack

  • Node

    Node

  • MongoDB

    MongoDB

  • ReactJs

    ReactJs

  • MySQL

    MySQL

  • Flutter

    Flutter

  • REDIS

    REDIS

  • AWS CLOUD

    AWS CLOUD

Key
Features
Developed

Regulatory

Regulatory Compliance Engine

We built the platform with a sophisticated tax calculation system that can accurately apply Greek and Cypriot tax regulations to cryptocurrency transactions, including trading, mining, and staking.

Multi-Wallet Integration

Multi-Wallet Integration

The objective was to implement secure API connections to major crypto exchanges and wallet providers, enabling automatic transaction synchronization while maintaining user privacy.

Real-Time Portfolio Management

Real-Time Portfolio Management

The system provides users with 24-hour automated updates on portfolio valuations and projected tax obligations, offering unprecedented visibility into their cryptocurrency assets.

Bilingual User Experience

Bilingual User Experience

An entirely responsive interface was developed in Greek and English, featuring contextual guidance and intuitive navigation to assist users regardless of their technical expertise.

Enterprise-Grade Security

Enterprise-Grade Security

Strict access controls, End-to-end encryptions, and comprehensive GDPR compliance measures that ensure maximum protection of sensitive financial information were integrated.

User - Centred Implementation

Codiste employed an agile development methodology, working closely with the CryptoTaxGuru team and potential users throughout the process.

Discovery Phase

Discovery Phase

Conducted extensive user research to identify specific pain points and requirements

Iterative Development

Iterative Development

Created a series of increasingly functional prototypes that were continuously refined based on user feedback

Comprehensive Testing

Comprehensive Testing

Performed rigorous testing of tax calculations against known examples to ensure accuracy

Staged Rollout

Staged Rollout

Implemented a controlled launch strategy to gather real-world usage data and optimize performance

Looking to build a secure, scalable Blockchain solution? Codiste helps.

Target Audience

Individual Investors

Individual Investors

Casual crypto holders requiring straightforward tax reporting

Active Traders

Active Traders

Users with high-frequency transactions across multiple platforms

Cryptocurrency Miners

Cryptocurrency Miners

Individuals with specialized tax considerations for mining operations

Staking and Yield Farming Participants

Staking and Yield Farming Participants

Users engaged in newer crypto-earning methods

Small-to-Medium Businesses

Small-to-Medium Businesses

Entities accepting cryptocurrency payments requiring integration with traditional accounting

Tax Professionals

Tax Professionals

Accountants and advisors serving clients with cryptocurrency holdings

Measurable Outcomes

100% compliance with GDPR requirements and local tax regulations

100% compliance with GDPR requirements and local tax regulations

90% reduction in the time required for tax calculation and reporting

90% reduction in the time required for tax calculation and reporting

Automated 24-hour updates providing continuous visibility into tax obligations

Automated 24-hour updates providing continuous visibility into tax obligations

Enhanced user experience through bilingual support and intuitive interface design

Enhanced user experience through bilingual support and intuitive interface design

Comprehensive security with end-to-end encryption and access controls

Comprehensive security with end-to-end encryption and access controls

Future Development Roadmap

Following its successful initial deployment, CryptoTaxGuru continues to evolve with several planned enhancements:

Advanced Analytics

Advanced Analytics

Implementation of multi-year data management and performance tracking

NFT Support

NFT Support

Development of specialized tax handling for Non-Fungible Token transactions

Expanded Integration

Expanded Integration

Support for additional cryptocurrency earning methods, including airdrops and staking platforms

Enhanced Administration

Enhanced Administration

More sophisticated dashboard tools for platform management

Post - phase One Results

CryptoTaxGuru case demonstrates how targeted technological solutions can effectively address regional challenges in the cryptocurrency space. By optimizing blockchain expertise with a profound understanding of local regulatory requirements in Greece and Cyprus, Codiste created a platform that can significantly simplify tax compliance for cryptocurrency users in these regions. The platform's ongoing development has also continued its adaptation to the evolving needs of its user base and changes in the regulatory landscape, maintaining its position as the essential tax management solution for cryptocurrency users in these markets.

Their Skyrocketing Success is Our Feedback!

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Vai Gupta

CTO & Co-Founder | The Real Estate Investment platform

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They truly do everything up to a very high standard. Codiste pvt ltd has successfully delivered a functional app praised in many publications for its neatness and speed. They have frequently communicated via Slack and managed the project efficiently using Jira. Their extensive knowledge and humble attitude have been hallmarks of their work.

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Gavin Langston II

CEO | DiveWallet

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I am pleased to say that working with Codiste has been a positive experience for our community. The project is now complete and the feedback we have received on the platform has been overwhelmingly positive. Throughout the project, the team maintained open communication lines regularly updating us on progress and following the agreed timeline. They delivered an app with impressive functionalities and accepted every challenge we gave them. Overall we are satisfied with the outcome.

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Annemarie Maidment

CEO | Medizen App

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Codiste pvt ltd delivered the project within the given timeline and budget. Their communication and collaboration were outstanding using Slack Lucidhart and Miro. The team was reliable well-organized and proactive.

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Zushan Hashmi

CoFounder | Ninza NFT

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They communicated clearly and outlined the product roadmap for us. It has been very easy to work with them. Made us profitable on NFT Marketplace that made an amazing journey.

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Michael Lawton

Founder | ML Estimation

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They communicate clearly and outline the product roadmap for us. It has been very easy to work with them. Made us profitaable on NFT Marketplace and which made amazing journey.

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Isla Munro-Hochmayr

Founder | FTW Dao

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Codiste Team was very much helpful and they went detailed oriented and successfully launched our venture investment platform which helped us to achieve to raise initial fund through NFT selling team has gone above and beyond with all suggetions with their expertise Highly recommended for Blockchain professional studio.

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Patrick Riley

CEO | Apollo

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Codiste dedication goes beyond delivering the product; they are involved in the entire process from concept to final product as Multichain Decentralised Crypto Launchpad No Code Token creator DEX and even in presenting to potential customers. Their flexibility and instant communication through Slack make them an indispensable part of my team.

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Morris Lee

Founder | Area Company LLC

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Working with Nishant & Codiste Team was super productive, the team is technical, easy to communicate with, and very professional. Highly recommended.

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Naga Samineni

Co-Founder | MetaKeep

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Nishant & Codiste Team has worked with our team on Blockchain and it was a great experience. They helped our customers with Web3 wallet integration. We have partnered with Codiste Team for long term now and they're a great and highly techical team to be a strategic partner with. Highly recommended for Blockchain development.

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Sofiane Bennacer

Founder | The Scribbled Lab

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100% satisfaction rate. That is what I get partnering with Codiste. They delivered our MVP in just 8 weeks, with dedicated support and communication. This makes them an invaluable ally for anyone seeking AI solutions.

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Abolade Olusanya

Founder | CRM Growth

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What sets Codiste apart is their ability to understand complex requirements and deliver tailored solutions that drive real results. They were always prompt, communicative, and transparent throughout the project, which made the entire process seamless and stress-free.

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Shelle Fantastic

Head of Sale | Corum8

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Blockchain, AI service from Nishant & Codiste Team it was productive, Team Technical knowledge on Blockchain, AI and domain expertise for Healthcare and Sportstech is commendable. i was more than happy to work with a very calm and enthusiastic team.

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