HELSINKI & STOCKHOLM - TelAve -- Less than one percent of cryptocurrency investors may have declared their cryptocurrency to tax authorities in 2022.

"We see a big problem in declaring crypto and are convinced our product will make it easier. Determining what you must declare for each transaction can be overwhelming and time-consuming. If you are not an accountant, tax lawyer, or programmer and have many transactions, you have little chance of doing this manually yourself." says Carl Gärdsell, founder of Divly.

More on TelAve News

• Phinge CEO Ranked #1 Globally by Crunchbase for the Last Week, Will Be in Las Vegas Jan. 4-9, the Week of CES to Discuss Netverse & IPO Coming in 2026
• Women's Everyday Safety Is Changing - The Blue Luna Shows How
• Microgaming Unveils Red Papaya: A New Studio Delivering Cutting-Edge, Feature-Rich Slots
• 5-Star Duncan Injury Group Expands Personal Injury Representation to Arizona
• The End of "Influencer" Gambling: Bonusetu Analyzes Finland's Strict New Casino Marketing Laws

Investors include DHS Venture Partners, Greens Ventures and YEoS Ventures. Since March 2022, Divly has partnered with Coinmotion, the largest Finnish virtual currency service provider, and Safello, the largest crypto broker in Sweden, with about 300,000 users. Divly has also started collaborations with several international players in the past year, such as BYDFi and Coingecko.

The crypto market has had a tumultuous year. Despite this, Divly continues to grow partly because it has expanded its service internationally to all Nordic countries, the Netherlands, Japan, and Germany. But above all, it's the simplicity and the desire to make crypto tax declarations accessible to all investors that have driven Divly's growth. With its recent successful funding round, Divly is poised to continue its growth and expand its reach to more investors worldwide.

The introduction of MiCA and the DAC8 proposal will result in tighter cryptocurrency regulations. As a result, authorities will have increased awareness of cryptocurrencies. One of the main requirements of the new rules is that cryptocurrency exchanges with users in the European Union must share their client information with tax authorities by January 2026.

More on TelAve News

• AI-Driven Cybersecurity Leader Gains Industry Recognition, Secures $6M Institutional Investment, Builds Momentum Toward $16M Annual Run-Rate Revenue
• TRIO Heating, Air & Plumbing Now Ranks #1 in San Jose
• Milwaukee Job Corps Center Hosts Alumni Day, Calls Alumni to Action on Open Enrollment Campaign
• Golden Paper Identifies Global Growth in Packaging Papers and Upgrades Its High-End Production Capacity
• Champagne, Caviar Bumps & Pole Performances — Welcome the New Year Early with HandPicked Social Club

"Procedures and processes for authorities to deal with tax issues will become increasingly important. Transactions on the blockchain are not anonymous; they are pseudonymous. This means that we could soon see a situation where those who have not paid taxes need to start backtracking and accounting for their transactions. I think most people want to do the right thing but don't know how to do it. It should be easy to do the right thing, which we make possible." says Carl Gärdsell.

Divly is a service that simplifies tax declarations in the crypto market and was founded in June 2021 by Carl Gärdsell and Ruben Rehn. Read more about Divly here: https://divly.com/