In this episode of the Building Web3 podcast, Jax Dwyer sits down with Florian, the founder and CEO of Blockpit, to dive deep into the complexities of crypto taxes, portfolio tracking, and regulatory compliance. Florian shares his journey from being a software engineer to founding Blockpit, a top crypto tax reporting software company. He reveals his early days at KPMG, his first encounter with Bitcoin in 2015, and the pivotal moments that led him to create Blockpit.

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Chapters

00:00 Florian's Background and the Creation of Blockpit
03:33 Blockpit: A Compliance-First Approach to Crypto Tax Reporting
07:20 Upcoming Regulations and the Need for Crypto Tax Compliance
09:10 Partnerships and Milestones: Blockpit's Growth in the Web3 Space
14:20 Building a User-Friendly Crypto Tax Software: Challenges and Solutions
23:14 Market Volatility and Talent Acquisition: Challenges for Web3 Founders
25:18 Advice for Aspiring Founders in the Web3 Space

Florian discusses how Blockpit simplifies tax reporting and portfolio management for crypto enthusiasts across multiple jurisdictions, including the US and Europe. The platform integrates with exchanges and wallets, providing real-time tax figures and tax optimization potential. Florian explains the challenges they faced in data aggregation from exchanges and blockchains, translating this data into human-readable, accounting-ready formats, and the nuances of different tax laws across countries.

The conversation delves into the upcoming regulations like CARF and DAC8, expected to bring significant changes to the crypto landscape in 2026. Florian elaborates on how these regulations will enforce information exchange of crypto data among 48 countries, including the US, Europe, and major Asian countries. He highlights the low compliance rates in crypto tax reporting and anticipates how these new regulations will drive higher compliance and enforcement.

Florian also shares valuable insights for aspiring founders looking to enter the Web3 space. He emphasizes the importance of understanding the market, making early mistakes, and learning from them. He advises on the need for a strong passion for Web3, finding the right talent, and navigating the volatile crypto market. He reflects on the challenges of marketing, hiring, and raising funds in the Web3 environment, offering practical advice for new entrepreneurs.

The discussion touches on Blockpit's notable partnerships with major exchanges like Bitpanda, Ledger, and Bitvavo, and their efforts to expand into traditional finance providers such as banks offering Bitcoin spot trading. Florian reveals exciting upcoming features, including a new tax optimization tool that allows users to simulate different strategies for minimizing tax liabilities, and enhanced portfolio monitoring features.

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Disclaimer: Nothing said on Building Web3 is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Jax, and our guests may hold positions in the companies, funds, or projects discussed.

Need technical content? Book a free strategy session with our team at https://jaxdwyer.com/ 

Need technical content? Book a free strategy session with our team at https://jaxdwyer.com/