Exclusive Insight: Inspiration and Vision Behind Kryptos
As the crypto space evolves and expands, navigating through legal compliance and asset management is crucial. This is where Kryptos formerly Kryptoskatt, a pioneering platform in the crypto space, comes into play. Founded by Sukesh Kumar Tedla, a visionary tech enthusiast and a prominent figure in the blockchain community, Kryptos has emerged as a crucial tool for crypto investors worldwide.
In this article, we’ll explore their inspiration, vision, and future aspirations.
What inspired you to start Kryptos?
The inception of Kryptos was fueled by a passion for blockchain technology and a vision to promote its widespread adoption. The founder, Sukesh Kumar Tedla, an ardent tech enthusiast and Chairman and Board Member of the Swedish Blockchain Association, recognized the complexities and legal intricacies that came with crypto investments.
This inspired him to create a solution that would not only simplify legal compliance but also empower investors by making personal finance in the crypto space more accessible and stress-free.
How did your personal background or previous experiences shape the vision for Kryptos?
Sukesh Kumar Tedla’s path to creating Kryptoskatt was paved with rich experiences in technology and leadership. With a Master’s Degree in Telecommunications and a dynamic career at tech giants like Ericsson and Volvo Cars, Sukesh has always been at the intersection of innovation and enterprise. His role as the Chairman of the Swedish Blockchain Association and one of the Founding Team Members Of Telos Network has been instrumental in shaping his understanding of blockchain technology’s potential.
At the heart of Kryptos lies Sukesh’s entrepreneurial spirit and his challenge to the status quo of technology’s impact on society. His vision for Kryptoskatt was clear: to build a platform that embodies the decentralized spirit of blockchain, making crypto tax compliance accessible and stress-free for users worldwide.
On top of it, the diverse backgrounds of the Kryptoskatt team, spanning across technology, finance, and legal sectors, have collectively shaped the company’s vision. With a global team mirroring the decentralized nature of crypto itself, Kryptos is a testament to the belief that technology can transcend borders to simplify and unify the experience of crypto taxation and portfolio management.
What are the core values of Kryptos and how have they influenced its trajectory?
Kryptos core values revolve around simplicity, compliance, and user empowerment. These values are deeply embedded in the software’s design, which offers a user-friendly interface for tracking and reporting, supported by powerful integrations and automated calculations.
The commitment to these values has steered Kryptoskatt towards partnerships with industry leaders like Binance, further solidifying its role as a facilitator of legal compliance and an advocate for crypto adoption.
How do you see Kryptos evolving in the next five years, especially in the international market?
Looking ahead, Kryptos envisions itself at the forefront of crypto tax software, expanding its reach in the international market. With the commitment to continuous innovation and meaningful partnerships with industry leaders, Kryptos aims to scale its services, integrate more protocols and exchanges, and refine its user experience to cater to a growing global audience.
Our goal is to automate the most complex aspects of crypto tax reporting, reducing the margin for error and saving valuable time for our users. This includes providing advanced portfolio management features to expanding our support for a wider range of DeFi protocols, wallets, and exchanges, ensuring that our users have a comprehensive tool that adapts to the evolving crypto dynamics.
Furthermore, recognizing the diverse needs of the international market, Kryptos is committed to tailoring its solutions to meet the specific requirements of different regions. This involves understanding the unique tax laws and regulations in various countries and adapting our software accordingly. By doing so, we aim to provide a seamless and stress-free experience for users across the globe.
The goal is not just to evolve as the best crypto tax software but to be a catalyst in the evolution of the crypto economy itself.
Why is there a need for crypto tax software like Kryptos?
As the crypto market matures, investors and institutions face the complexities of tax regulations. Kryptos emerges as a necessary tool to simplify these intricacies of crypto taxes.
Complexity of Tax Regulations
Different countries have varying and often intricate tax laws concerning cryptocurrencies. This creates a need of compliance requirements for investors, especially those dealing with multiple currencies and international transactions. Kryptos simplifies this process by offering tailored tax calculation and reporting solutions that adhere to specific regional tax laws.
Diverse Crypto Transactions and Portfolios
The diversity of crypto transactions — from trading on exchanges to participating in DeFi protocols and managing NFTs — adds another layer of complexity. Each type of transaction has different tax implications, making it challenging for investors to keep track and accurately report their activities.
With the support of an extensive range of DeFi protocols, NFTs, exchanges and wallets, and automation of the most complex aspects of crypto tax reporting, Kryptos addresses a critical need for a comprehensive, easy-to-use platform that ensures compliance without compromising on the potential for tax savings.
Real-Time Portfolio Management
The volatile nature of the crypto market requires investors to have up-to-date information on their investments. Kryptos’s role extends beyond tax calculations; it is a holistic platform for portfolio management and real-time alerts, ensuring users are always informed and in control. The software’s design reflects a deep understanding of the crypto ecosystem, offering tailored solutions for investors, enterprises, and public institutions alike.
In conclusion
Kryptos commitment to user empowerment, legal compliance, and seamless integration mirrors the dynamic and evolving nature of the cryptocurrency market itself. It’s a journey from a simple idea to a global solution, shaping not just the future of crypto tax software, but contributing significantly to the evolution of the crypto economy itself.
Website: https://kryptos.io/
LinkedIn: https://www.linkedin.com/company/hellokryptos/
Twitter: https://twitter.com/hellokryptos
Discord: https://discord.gg/94qGdaJY
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