The agreement will allow NexumStp to support clients in managing and analyzing cryptocurrency transactions, which have increased by 23% in Italy in the last year. The CryptoBooks solution makes it possible to operate with virtual currency in compliance with the tax regulations that will soon be enforced.
Cryptocurrencies: NexumStp joins the innovative CryptoBooks startup
di NexumStp S.p.A.
An alliance of people working to create a shared promise, a fair and transparent commitment, and a source of mutual growth and evolution.
info@nexumstp.it
NexumStp becomes a shareholder of Xbooks LTD, the innovative startup that developed the CryptoBooks platform.
NexumStp, which assists around 22,000 SMEs across Italy with business, tax, legal and labor consulting, has invested a minority stake in Xbooks LTD, which is based in London and has recently set up a subsidiary company in Italy. Thanks to the CryptoBooks software (https://cryptobooks.tax), the startup collects and manages tax information about the use of cryptocurrencies, which is soon to be regulated in Italy as well.
Marco Nardini, Equity Partner and coordinator of the fiscal and corporate department of NexumStp, states, “We are proud to become part of an innovative company like Xbooks. This partnership makes us one of the pioneering professional firms when it comes to managing advanced technology at the service of the businesses and individuals we support. The cryptocurrency market is in the throes of a period of great change and evolving rapidly. NexumStp will, therefore, be well placed to meet this challenge.”
Today, 25% of global cryptocurrency transactions take place in Europe (source: Chainanalysis). “These transactions are completely different from traditional financial transactions, so it is not easy to categorize them according to current compliance obligations,” states Federico Pacilli, CryptoBooks CEO and founder. “With our platform, we are able to bridge the gaps of existing market solutions and respond to an increasingly stringent need. Entering into a partnership with an established, widespread and change-conscious group like NexumStp is a source of immense satisfaction for us.”
Thanks to CryptoBooks, individuals and companies that make payments or investments with cryptocurrencies will be able to generate reports for all transactions,
classify them and calculate capital gains and losses thus acquiring all the accounting information they need to prepare tax returns or financial statements. The process is intuitive and complies with the regulations and tax provisions of their home country.
NexumStp is a joint stock company founded in December 2018 following the merger of some of Italy’s leading tax and employment consulting firms. Following the entry of new partners, the group, which is headquartered in Rome, now has 59 offices throughout Italy. Worldwide, the group has a further 28 offices, coordinated by the subsidiary IC&Partners. NexumStp assists around 22 thousand Italian SMEs operating in the fiscal, corporate, labour, legal and managerial sectors, as well as offering outsourced HR administration (payroll) services. The Group’s new competitive drivers also include staff recruitment and selection services, funded training and tech solutions for business management. NexumStp is ranked 261st in the 2022 FT 1000 ranking of Europe’s fastest-growing companies, published by the Financial Times. It is the 52nd Italian company in the ranking.
Diesis Group press office
Giorgio Tedeschi – Valentina Colombo
Tel 02 626931 – nexumstp@diesis.it
di NexumStp S.p.A.
An alliance of people working to create a shared promise, a fair and transparent commitment, and a source of mutual growth and evolution.
info@nexumstp.it
