14 gen 2025 CryptoBooks, Meet the Portfolio
Meet the Portfolio is a Primo Capital' format to discover the game-changing companies we support.
In the interview below, CryptoBooks tell us about its unique journey
How was CryptoBooks born?
CryptoBooks was created in response to the growing need of managing the complexity of transactions and tax accounting related to cryptocurrencies. With the increasingly widespread adoption of digital currencies, involving more than 3 million people in Italy alone, it became apparent that a tool capable of simplifying and making transparent tax management for those investing in cryptocurrencies was missing. Federico Pacilli, founder and CEO of CryptoBooks, an expert in blockchain and taxation, took this opportunity to develop an innovative and cutting-edge solution.
CryptoBooks was designed with a triple objective: to be easy to use for users, to be fully compliant with Italian tax regulations -which are constantly evolving- and to be able to guarantee accurate and reliable tax reports.
In the cryptocurrency market, the complexity of Italian and European regulations makes most existing solutions inadequate, especially those coming from abroad, which are often too simplistic and unsuited to local regulatory environments.
Where do you see CryptoBooks in 10 years?
CryptoBooks aims at becoming the platform of choice for managing tax compliance related to digital assets, and beyond. Our goal is to support both those who hold cryptocurrencies and those who own traditional financial assets by offering an integrated, state-of-the-art solution. In a European context that is evolving toward increasingly strict and specific regulations, with growing obligations for taxpayers, it becomes crucial to have tools available to facilitate compliance. CryptoBooks aims to offer investors the opportunity to fully delegate the management of the bureaucratic and tax aspects related to their portfolios, enabling them to focus exclusively on growing their capital. The platform will not only take care of tax obligations, but also provide advice on optimizing taxation, helping users make informed and tax-advantageous decisions.
What was the biggest challenge?
The biggest challenge for CryptoBooks is to extend its service globally, providing complete and accurate coverage of all markets. The goal is ambitious: to provide detailed tax reports and pre-filled returns that comply with each country's regulations, offering users the ability to manage their taxes in a simple and automated way. CryptoBooks aims to become a comprehensive tax hub, where it will not only be possible to track and declare one's financial assets in cryptocurrencies and traditional assets, but also, in the near future, pay taxes directly from the platform. This revolutionary vision aims to minimize bureaucratic complexity and transform a traditionally cumbersome process into a smooth, digitized and foolproof experience. Achieving this level of accuracy and integration requires a deep understanding of various international regulations and a sophisticated technology architecture, but CryptoBooks is determined to make this ambitious goal a reality.
What are the trends in your sector?
The main trend is the regulation and security of a mainly-unregulated world, which presents risks to both taxpayers and businesses. With the increasing adoption of digital currencies and assets, including “Real World Assets” and the imminent arrival of CBDCs, the financial landscape has to face rapid changes. CryptoBooks is ready to meet these new regulatory and tax challenges, both in Italy and Europe.
In addition, the crisis in the pension system is pushing more and more people to invest to secure a better future. However, without tax optimization, returns risk being partially eroded. CryptoBooks addresses this need by providing a platform that facilitates tax management and optimization, allowing investors to focus on growing their investments rather than on bureaucratic complexities.
Who is the ideal investor?
The ideal investor is the one who brings expertise and network to the project and plays an active role providing ongoing feedback to the founders. This approach allows for benefits that go beyond the mere amount of paid-in capital: this type of support can accelerate the growth of the company, enrich its know-how, expand its network and generate new opportunities.
What makes CryptoBooks unique?
CryptoBooks offers a virtual accountant who is always available, 24 hours a day, and who can automatically perform tax report calculations. This solution not only simplifies tax management, but also offers the ability to track one's investment portfolio in real time. In this way, users can monitor their performance and identify the best timeframe to optimize taxation. CryptoBooks stands as a strategic ally to investors, supporting them in maximizing their accumulated capital through efficient and informed tax management, thus helping to grow the upside of their investments.
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