Taxbit and GBBC Join Forces for Global Blockchain Compliance

Taxbit, a platform known for delivering enterprise-grade tax and accounting compliance solutions tailored for digital assets, has officially announced a strategic collaboration with the Global Blockchain Business Council (GBBC). Recognized as one of the most credible non-profit organizations within the blockchain and emerging technology space, GBBC will now leverage Taxbit’s technology to handle its global accounting functions, financial reporting requirements, and blockchain transaction tracking.

Supporting a Global Blockchain Community

Established in 2017 in Davos, Switzerland, GBBC has evolved into a globally influential entity with over 500 institutional members and nearly 300 ambassadors spanning across 124 jurisdictions. With active operations in regions including the United States, Europe, the Middle East, and Asia-Pacific, GBBC frequently utilizes cryptocurrency for various transactions. This necessitates accurate and compliant financial tracking, particularly as new regulations such as the Crypto-Asset Reporting Framework (CARF), the EU’s DAC8 directive, MiCA, and updated IRS rules continue to emerge.

Taxbit’s platform, equipped with proprietary software, user-friendly interfaces, and seamless API integrations, has been designed to simplify the complex process of digital asset accounting. The company offers solutions that help organizations maintain transparent, accurate, and regulatory-compliant financial records across jurisdictions.

A senior executive at Taxbit explained that the partnership aligns well with the company’s mission to drive positive impact through responsible blockchain adoption. They described GBBC as an influential industry player with extensive reach across wallets, asset classes, and global transactions. The executive expressed confidence that Taxbit’s software would help ease GBBC’s compliance burden while supporting its broader goal of promoting responsible innovation in blockchain technology.

Enhancing Transparency and Compliance

The partnership is set to become operational in July 2025, shortly after GBBC concludes its high-profile Blockchain Central event in Washington, D.C. The event typically draws attention from policy makers, technologists, and business leaders engaged in blockchain adoption and digital transformation.

A spokesperson for GBBC noted that the organization’s decision to collaborate with Taxbit reflects its commitment to responsible digital transformation. They emphasized that Taxbit’s technology would strengthen GBBC’s capabilities in ensuring transparency and maintaining rigorous compliance standards, particularly as it continues expanding its use of digital assets in daily operations.

By integrating Taxbit’s solutions, GBBC will be joining an extensive network of high-profile clients already using the platform. This list includes well-known names such as PayPal, Google, MARA, and Uphold — companies that rely on Taxbit to navigate the complexities of blockchain accounting and regulatory frameworks.

Elevating Industry Standards

As the leading global trade association for the blockchain sector, GBBC holds a pivotal role in promoting innovation, facilitating regulatory discussions, and shaping the future of decentralized technologies. The collaboration with Taxbit is emblematic of a broader movement among prominent institutions to embed robust compliance tools into their operational ecosystems as digital assets continue to move toward mainstream adoption.

The partnership underscores a shared vision to foster a responsible, transparent, and efficiently governed blockchain industry. By enhancing its financial infrastructure through Taxbit, GBBC reinforces its leadership position while setting a benchmark for how global organizations can responsibly integrate digital assets within their operational frameworks.