Taxbit Partners with Global Blockchain Business Council (GBBC) to Support Their Growing Cryptocurrency and Stablecoin Management Needs
WASHINGTON--(BUSINESS WIRE)-- Taxbit, the enterprise-grade tax and accounting compliance platform for digital assets, has announced a partnership with Global Blockchain Business Council (GBBC), one of the most trusted non-profit associations for the blockchain, digital assets, and emerging technology community. The partnership means that GBBC, a large, geographically diverse organization with US, EMEA, and APAC operations, has selected Taxbit to support its financial reporting requirements, global accounting needs, and blockchain transaction recordkeeping.
Founded in 2017 in Davos, Switzerland, GBBC comprises more than 500 institutional members and 284 Ambassadors across 124 jurisdictions. By engaging with its members and communities around the globe, GBBC utilizes cryptocurrency for transactions, and is required to keep an accurate account, particularly with the rollout of compliance frameworks like CARF, DAC8, MiCA, and current IRS policy. Through its proprietary software, easy to integrate APIs and simple UX, Taxbit removes all the complexity for organizations to ensure they have a clean, precise, and compliant account of their digital assets and meet all financial information reporting requirements.
'Partnering with the GBBC is a natural alignment for Taxbit because both organizations are forces for good by the very nature of their missions. GBBC is one of the industry's most influential non-profit associations, with a vast array of wallets, assets, and transaction addresses across the globe. We are excited to give them peace of mind for all of their accounting needs, while powering their efforts to champion the responsible adoption of blockchain technologies.'
- Michelle O'Connor, VP of Global Market Expansion
GBBC joins a list of hundreds of revered customers, like Paypal, Uphold, Google, and MARA, using Taxbit's award-winning software. GBBC will begin using the technology in July 2025, soon after hosting their highly coveted Blockchain Central event in Washington DC.
'We are delighted to partner with Taxbit as we continue to steward digital transformation across global markets and promote global regulatory dialogue alongside them. Taxbit's tools will equip us with the transparency and compliance rigor needed as we embrace and expand the use of digital assets in our operations.'
- Sandra Ro, CEO of Global Blockchain Business Council.
As the world's premier industry association for the blockchain ecosystem, GBBC plays a critical role in driving adoption and advancing responsible innovation across the world. The collaboration between GBBC and Taxbit highlights a growing trend among forward-thinking institutions to integrate best-in-class compliance infrastructure as digital assets become increasingly mainstream.
About Taxbit
Taxbit is the premier tax and accounting compliance platform designed by CPAs and tax attorneys to simplify compliance and reporting for digital assets. Enterprises, financial institutions, and government agencies trust our comprehensive, end-to-end solution to compliance and ensure accuracy. Taxbit is certified with SOC 1 Type 1, SOC 2 Type 2 attestation, and ISO 27001 standards. With over $235 million in funding from top global investors like Ribbit, IVP, Paradigm, Haun Ventures, and PayPal Ventures, Taxbit is headquartered in Draper, Utah, and has offices in Salt Lake City, San Francisco, Seattle, New York, Washington, D.C., Amsterdam and London. Discover more at www.taxbit.com.
About Global Blockchain Business Council (GBBC)
Global Blockchain Business Council (GBBC) is the trusted non-profit association for the blockchain, digital assets, and emerging technology community. Founded in 2017 in Davos, Switzerland, GBBC comprises more than 500 institutional members and 284 Ambassadors across 124 jurisdictions and disciplines.
GBBC furthers adoption of blockchain and emerging technologies by engaging regulators, business leaders, and global changemakers to harness these transformative tools for more secure and functional societies.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
4 days ago
- Business Wire
Winston & Strawn Bolsters London Office with Addition of Financial Regulation Partner Yulia Makarova
LONDON--(BUSINESS WIRE)--Winston & Strawn announced today that Yulia Makarova has joined the firm's London office as a partner in the Financial Innovation & Regulation practice. Yulia's arrival marks a significant enhancement to the firm's capabilities in counselling clients navigating complex financial regulatory matters across the UK, EU, and globally. Yulia brings extensive experience advising innovative businesses operating in the distributed ledger, blockchain, and digital assets sectors, with a particular focus on the domestic and cross-border application of financial services regulation. Yulia's practice spans regulatory licensing in the UK and EU, regulatory change for emerging technologies, and engagement with regulatory sandboxes. She regularly counsels clients on MiCA, MiFID II, PSD2/PSD3, and the Electronic Money Regulations, as well as advising on UK and EU regulatory perimeter and authorisation matters. 'We are in the midst of a transformative period in the regulation of digital assets across the UK and Europe,' said Yulia. 'Winston has established itself as a leading firm in this space, and I am excited to join a team known for delivering sophisticated, forward-looking solutions to clients operating at the forefront of financial innovation.' In addition to her work in digital assets, Yulia advises a broad spectrum of financial institutions on strategic regulatory matters, including FCA authorisations and variation of permissions, regulatory approvals in M&A transactions, venture capital and private equity investments, and fund-related regulatory matters. 'As we continue to grow the London office, Yulia's deep regulatory experience is a vital addition to our client offerings in Europe and abroad. Her arrival further reinforces our commitment to providing clients with seamless cross-border regulatory support,' said Nicholas Usher, London office managing partner. 'Yulia's cutting-edge experience will create substantial value for our global client base, who are increasingly looking for cross-border, global experience,' said International Managing Partner, Peter Crowther. Winston & Strawn LLP is an international law firm with 14 offices in North America, South America, and Europe. More information about the firm is available at
Time Business News
6 days ago
- Time Business News
The Smart Start: Your Step-by-Step Guide to Rehab Center
Launching a rehab center begins with defining your purpose. What community need are you meeting, and how will your approach stand out in the recovery landscape? Whether your focus is on residential treatment, outpatient services, or specialized care for dual-diagnosis clients, articulating your core identity sets the tone for every operational and clinical decision. Your mission should reflect not just what you do, but why it matters. Integrate your treatment philosophy—be it evidence-based therapy, holistic healing, or faith-based support—into a statement that guides staff, inspires stakeholders, and builds trust with clients. Starting a healthcare venture that transforms lives requires careful planning, regulatory understanding, and a commitment to quality care. Entrepreneurs entering this space must focus on creating a structured program, securing qualified staff, and building community trust. In the middle of this journey, opening a rehabilitation center demands compliance with state licensing requirements, zoning laws, and accreditation standards to ensure legitimacy and effectiveness. Financial planning, marketing strategies, and partnerships with healthcare providers are also essential components. With the right balance of compassion and business acumen, a rehabilitation facility can become a beacon of hope for individuals seeking recovery and renewal. Your rehab center must comply with a complex web of local, state, and federal regulations. Begin by reviewing your state's licensing requirements through the appropriate behavioral health or healthcare authority. Each type of treatment offered—detox, residential, IOP—comes with distinct mandates for staffing, facility structure, and emergency preparedness. Accreditation from CARF or The Joint Commission is often essential for insurance reimbursement and reputational credibility. Legal structures also need careful attention: choose the right business entity, obtain liability insurance, and craft policies for HIPAA compliance and risk management. Early legal diligence prevents costly setbacks later. Your clinical model should address the full continuum of care. Determine which levels you'll provide—detoxification, residential inpatient, partial hospitalization (PHP), intensive outpatient (IOP), and aftercare—and structure your services accordingly. Design a treatment curriculum that integrates individual and group therapy, family counseling, relapse prevention, and medical oversight. Evidence-based modalities like CBT, DBT, and MAT should be adapted to client needs. Tailor services for specific populations—adolescents, veterans, LGBTQ+ clients, or those with co-occurring mental health conditions—to elevate your center's relevance and effectiveness. Staffing is one of the most significant investments in your rehab center's success. Assemble a multidisciplinary team of licensed therapists, counselors, case managers, medical personnel, and support staff who not only meet regulatory qualifications but also reflect the values of your organization. Train staff in trauma-informed care, cultural competency, and confidentiality standards. A unified and compassionate team culture improves client outcomes, enhances safety, and reduces turnover. Your people are your most powerful asset—choose them with care and cultivate continuous professional growth. The physical environment should reinforce the therapeutic process. Residential programs require private and communal spaces for sleeping, therapy, dining, and recreation. Outpatient facilities must offer flexibility, privacy, and a professional but calming atmosphere. Ensure your building meets zoning, safety, and ADA compliance. Attention to detail—from lighting to furniture layout—can transform your space into a refuge for healing. Plan for essential features like medication storage, emergency access, and staff offices. The right facility reinforces both clinical goals and client dignity. Before opening your doors, construct a robust financial plan. Project your startup costs, monthly expenses, revenue expectations, and breakeven timeline. Include everything from staff salaries to licensing fees and marketing costs. Secure adequate working capital or financing to bridge the initial months of operations. Credential your facility with insurance payers to widen client access and stabilize income. Implement a strong revenue cycle management system for billing, claims, and collections. Behavioral health billing is complex, so working with professionals who specialize in the field is critical to your bottom line. Visibility drives admissions. Create a brand that reflects your mission, professionalism, and compassion. A modern, informative website is essential. Invest in digital marketing, content creation, and community outreach to position your center as a trusted recovery resource. Establish referral relationships with hospitals, therapists, court systems, and other community providers. Nurture these connections through transparent communication, shared goals, and reliability. Ethical marketing practices build long-term credibility and protect your organization's integrity. Daily operations must support consistent, high-quality care. Develop policies and procedures for client intake, staff responsibilities, clinical documentation, medication administration, and crisis intervention. Implement an EHR system tailored to behavioral health for accuracy and compliance. Create systems for measuring clinical outcomes, client satisfaction, and program performance. Use these insights to refine services, train staff, and maintain excellence. A culture of continuous improvement ensures your center remains adaptable and client-focused over time. Starting a behavioral health facility requires more than just a vision—it demands strict adherence to regulatory standards. From facility requirements to program structures, each step must align with state guidelines to ensure legal operation and high-quality care. In the middle of this process, DHCS Licensing for behavioral health becomes a central focus, serving as the gateway to legitimacy and funding eligibility. Securing this license confirms that a provider meets California's standards for safety, staffing, and treatment delivery. With proper licensing in place, behavioral health programs can confidently offer services while remaining compliant and responsive to community needs. Starting a rehab center is a serious undertaking that blends heart, structure, and vision. With thoughtful planning, strategic execution, and a relentless commitment to quality care, your facility can become a beacon of hope for individuals and families seeking lasting recovery. This guide provides the essential framework, but the soul of your center will come from the integrity and compassion you bring to the work. Done right, your rehab center will not only be a business—it will be a lifeline that transforms lives. TIME BUSINESS NEWS
Yahoo
6 days ago
- Yahoo
Exclusive-Crypto giants set for EU green light amid growing regulatory rift, sources say
By Elizabeth Howcroft and John O'Donnell PARIS/FRANKFURT (Reuters) -Two of the world's largest cryptocurrency companies are poised to secure licences granting them access to operate across the European Union, as a rift grows among regulators over the speed and rigour of some countries' approvals, according to sources familiar with the matter. Under the EU's new Markets in Crypto-Assets (MiCA) regulation, which came into force earlier this year, member states can issue licences that allow crypto companies to operate throughout the 27-nation bloc, but some have raised concerns in closed-door meetings about the speed with which licences are being granted, two people familiar with those discussions said, asking not to be named because of the sensitivity of the matter. At stake is the oversight of the multi-trillion-dollar crypto industry, which regulators have long warned could facilitate fraud, market instability and illicit financial flows if it is not properly supervised. MiCA aims to bring crypto under the same regulatory umbrella as traditional finance, but some fear that uneven enforcement could undermine its goals. Gemini, a crypto trading platform founded by billionaire twins Tyler and Cameron Winklevoss, is on the verge of receiving a licence to operate from Malta, the smallest country in the European Union, two people said. This follows Malta's earlier approvals of OKX and granted within weeks of the new regime's introduction. The pace of Malta's approvals has drawn scrutiny from other national regulators, who meet under the umbrella of the European Securities and Markets Authority (ESMA). France's AMF has publicly warned that ESMA's lack of direct authority could lead to a "regulatory race to the bottom". Another senior regulatory official, who did not wish to be identified, said that they were concerned about accepting licences granted in countries where regulators had fewer staff, citing Malta as one example. ESMA has scrutinized Malta's licensing process, with a report due to be circulated in the near future, said one of those people. A spokesperson for the Malta Financial Services Authority said it had granted four crypto licences so far and was able to move fast due to its past experience, adding that "expedited processing" was due to its "in-depth understanding acquired over these years". It said its local money laundering standards were strict. ESMA declined to comment. OKX said its application was "rigorous" and that compliance was a priority. SELF INTEREST? The regulatory debate has intensified with expectations that Luxembourg will soon grant a licence to Coinbase, the first U.S. crypto-focused company to join the S&P 500, one of the people said. While the application has been in progress for several months, one person pointed to the relatively modest size of Coinbase's planned operation in Luxembourg. A Coinbase spokesperson did not comment on its application but said it employed 200 in Europe and that it invested in staff to ensure operations were safe. The spokesperson said Luxembourg was a "high-bar, well respected global financial centre" and that Coinbase would hire more than 20 people there by the end of the year. Luxembourg's financial watchdog declined to comment. One person familiar with Luxembourg's thinking dismissed any suggestion that the country was lax and said some critics were rather motivated by self interest in a race to attract crypto firms. Coinbase's anticipated approval is seen as a setback for Ireland, where relations with the crypto industry have cooled. In 2023, Central Bank Governor Gabriel Makhlouf compared crypto to a Ponzi scheme, warning that 'most of the time when you gamble, you're actually losing.' The global cryptocurrency market is currently valued at roughly $3.3 trillion but it has seen crises, such as the collapse and fraud of top U.S. exchange FTX in 2022. The European Union has long had to contend with divergence between its members. The dispute is unfolding as European politicians consider granting greater powers to regulator ESMA. While the European Union is united as a trading bloc and writes much regulation centrally in Brussels, countries vie with each other to attract international businesses. ESMA head Verena Ross has also pushed publicly for more powers to oversee crypto, although one person familiar with discussions among EU politicians said several countries were sceptical. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
