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Sept. 25, 2022

Sukesh Tedla: Crypto Taxes & The Road to Web3 Adoption | Ep #024


Sukesh Tedla is one of the founding team members of Telos Blockchain, and the Chairman of the Swedish Blockchain Association with a passion for simplifying complex technology for the masses. He is currently building Kryptoskatt - a platform that believes in driving mass adoption for the next wave of Web 3.0 users by making crypto taxes simple.

Resources:
Kryptoskatt Website: https://kryptoskatt.com
Kryptoskatt on Twitter: https://twitter.com/kryptoskatt
Sukesh on Twitter: https://twitter.com/sukeshtedla
Sukesh on Linkedin: https://www.linkedin.com/in/sukeshtedla
Transcript and Chapter Markers: https://www.buzzsprout.com/1968123/11379364

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Transcript
Roy:

So in this podcast, I had an amazing conversation with Sukesh Tedla, one of the founding members of the Telos blockchain and the chairman of the Swedish blockchain association. Sukesh has a passion for simplifying complex technology for the masses He is currently building Kryptoskatt with the vision of making your crypto taxes, stress free. You are listening to the MetaRoy podcast. I am your host Prasant Roy, and I welcome you again to a brand new episode. And if you haven't subscribed to this podcast, yet you're missing out on all the latest innovations that are going on in light speed in the web 3.0 space. So make sure that you subscribe to this podcast on YouTube, on Twitter and press that bell icon. So you get notified when new episodes are released. Oh, and none of this is financial advice. So please do your own due diligence before investing in the crypto space. Let's get started. Sukesh thank you so much for joining us today on the MetaRoy podcast. How is it going for you today?

Sukesh:

Thanks for having me, Roy, and I'm really excited to be here. It's going really well.

Roy:

So, Sukesh let's start with understanding your background. You have been involved with such great capacity in the Web 3.0 space, right across different projects. So can you walk us through your background and help our audience understand what your journey has been like?

Sukesh:

Oh, sure. So, I come from a tech background, so I have a masters in telecommunications. I did my masters here in Sweden, and then I started working, in the telecom industry with Ericsson so I had that hands on experience working with like data center infrastructure and all that stuff. So with that experience, I kind of got into the blockchain and Bitcoin back in 2017, just got familiarized at the time. And. I started investing and then reading more about the technology. Soon I kind of got really, , intrigued, , by the potential of the technology and what it could solve. And, , yeah, that kind of got me really excited and the, the ethos, , about blockchain, , with transparency and accountability aspects really inspired me and said, okay, I should do something with this, , domain. And I started like, okay, the first thing that I want is like, okay, how can I learn more about blockchain? Right. And how can I spread the information about it in Sweden? Because in Sweden, back in 2017, it's it was like really small set of people who actually know about it and like who, , regularly speak about it. So we started Swedish blockchain association with, with a bunch of others, , here in Sweden. So I was one of the founding members for that. And now I'm actually the chairman for Swedish blockchain association. So what we do is like, We teach and educate people about blockchain and help them out if they're entrepreneurs, , like myself. , so sharing the experiences, sharing our network and sharing over the context. So that's what we do with that. But, , over the last five years, since I got into the blockchain space, I've been part of like numerous projects, , like Zeptagram, Unbiased, Kryptoskatt, Telos. , so I was one of the founding members of Telos blockchain as well. So my current and latest, , involvement is with Kryptoskatt. So I founded Kryptoskatt back in 2020. , where, where we provide crypto and tax accounting, , for individuals, enterprises, businesses working in the web 3.0 space, , because this has been a personal problem for myself since 2017. Because like doing taxes is stressful and painful for many of us. And now, , I think even in India, , with 1% TDS and the income tax on the cryptos, it's just too complicated to keep track, when you're investing in Defi, CeFi, swapping, NFTs all the crazy stuff. Right. So, , This has been super problematic, , even for myself. And, but also like if I go for a professional advice for accountants or chartered accountants or big accounting firms, no one knows about crypto. So I have to teach them, but also have to pay them, , to do my taxes, which was really like painful for me, , to, to go through that process. And I thought, okay, we should do something. And I started Kryptoskatt, , back in 2020. And, , we've been continuing, , through that journey, but I'm still involved with the bunch of other projects in the crypto ecosystem. It's it's like any other cryptopreneur right today. Like they are always involved in multiple things, , at the same time. So it's kind of the same, , with me as well.

Roy:

Got it. So I actually read a few things about your background and your involvement with Telos was the most interesting thing that I found. So can you, tell us the journey of starting a blockchain? What does it mean for a developer? How do you kind of build it, scale it ? Can you talk about a bit about that?

Sukesh:

Oh, sure. So, back in 2018, so I was one of the earlier members of the EOS blockchain network. So at that time there was this super hype about the ICO because it's the biggest ICO in the crypto world. Right. So, I was very involved, with the technology side of things like running the infrastructure, testing out the software and everything. So, , that's kind of how I got into that community. And since I have been there, , the original ethos of EOS, , wasn't like lived up to by the block one team and the whole community. Didn't kind of pan out after the launch of the mainnet. So we've been like trying to influence as much as we could with the power that we have and, , our voices weren't heard properly. So a couple of, , different organizations who had similar opinions kind of came together and started, okay. We thought. We can do better. , the software is good. The technology is good, but the governance aspect of that and building the community around it, wasn't really good. So we thought we could do something better and that's kind of how the launch of Telos happened. So we started in June, 2018 and then we built initially we were like 10 organizations and maybe like 20 people. But by the time we launched our main net in December, 2018. We had like more than, , 140 people working with the launch process. And then we had 40 plus organizations working, , with the launch, , as well. So we basically started from zero and like built the network. So it was really inspiring for me to go through that process and being one of the founding members of a blockchain, , and. We are super proud and happy that it's still live and it's still growing, , with the new innovations that's happening and now it also offers support for EVM as well. So, which is really cool, , in the whole, , blockchain space.

Roy:

Exactly. And, , that is one of the things that excites me the most about Telos even, , considering as an L1 blockchain all of that is really exciting. You also shared about your involvement and kind of founding the Swedish blockchain association. So you said Sweden did not have much awareness about blockchain and the web 3.0 space, right? So what did it take you to kind of build that community around the blockchain space in Sweden. And what will it take to build that community again in India and kind of enhance the existing community is because it's something that resonates as a vision of this podcast as well. Right. So would be really interested to know your journey in building that community.

Sukesh:

The main idea I had when we, when I was thinking about launching this association was okay, how can we, like, there are a certain group of people here and they're talking about blockchain, , even at the time, but my idea was about how can we bring these people together? , And they can have a platform where they could share their views, share their contacts, improve, expand their network and get help from each other. Like we went through the same problems. We went through the same challenges in building a blockchain company. So how can we try to avoid that and save time for others? Right. So that was the whole motive behind that. Initially when we started, we partnered with the local student organizations and institutions here in Sweden, but then also we partnered with a couple of different companies, , working here in the tech space, , so that we can like educate the developers, talk about blockchain, provide workshops for them and maybe also help them explore new business opportunities. So that was like the whole mission. It was completely voluntary thing that we are still doing. Because we believe that this technology is something that has the potential to change the world, even though there are a lot of negative things that people talk about it, , but still, I think it's still early days. So the more people that we bring during this phase, will help achieve the next billion people or next, , couple of billion people being onboarded into this ecosystem. So that has been the motive for us and personally for me, to help grow the ecosystem. Not only here in Sweden, I've been in talks with other associations in different parts of the world in India, in UK. We work with other cross association partnerships as well. Just try to share our knowledge, expand their network, help their entrepreneurs in their ecosystem with the expanding into newer markets like Sweden, for instance, and the Nordics. So we try to do that because we believe in the space and we wanna help it grow, in whatever way possible through our products, our services, but also by doing this volunteer work as well.

Roy:

Have you had any support from the Swedish government or any such support that you have got from regulatory bodies?

Sukesh:

I think, , well they try to help out, but at the same time, like, as you know, with any regulatory bodies, it takes time for them to understand the potential. And, it has to come from like a top down approach for instance, in Sweden, because as it's part of Europe, right? So you have this European body, which kind of governs the rules and Sweden basically follows those rules, right. So, , that's kind of. Took time. And now Europe coming forward with the new regulations. I think it's more evolving and people are more acceptable now for crypto and blockchain projects, but it's still quite challenging. Because the banks and the financial infrastructure, they see, , I don't know if they see it as a competitor or if, , yeah, if they're just scared about the negative aspects of it, because they make it still, , quite problematic for blockchain companies to grow and, , establish companies and run businesses, , based here in Sweden.

Roy:

Got it. Got it. And, , you have literally picked the most difficult aspect of, , crypto, which is. Taxes and making sense of taxes in this space. And this has been a common problem across different countries itself, right? India itself. We have such heavy taxation on crypto that, there is kind of a, a resistance to adopting this space. But, I just want to ask you. How did you kind of envision that, you know, taxes will be such an important aspect of crypto? That is one. And secondly, how are we building the infrastructure to make it easier for people to understand their own crypto taxes and get accustomed with it..

Sukesh:

So I think, , the first thing that I thought was like as more regulation, because I think regulation helps and also. , it's, it's positive. It's also negative at the same time. Right? So we don't want too much regulation, disrupting the growth of innovation, but at the same time, we want regulation in a way that it can boost the innovation and help Entrepreneurs or companies or individuals investing in this space to be more compliant and be confident because we see every other day, another rug pool or another scam. So we don't want to see that things, , because that kind of brings negative, , connotation to the whole space, which isn't good. But if we wanna take it to the next billion people, we wanna have these regulations in place, , and bring more capital into the ecosystem. One of the basic things, like wherever you go in the world, after food, it's the taxes, right? So, taxes is an important thing, , that everyone has to go through, , whether you are in India or in Sweden, we kind of got used to now paying high taxes here in Sweden. So that is into a problematic thing. But, , still, I think going through that process of paying the taxes, like identifying how much you should pay. It's still quite problematic for most of the individuals who are just getting started with crypto. They, they couldn't hire an accountant to do their work, , because it's still a huge expense, , for someone to understand crypto and to help them with the taxes. And, , as you know, like the whole ecosystem, , is also super complicated from a tech perspective, , because you have hundreds of exchanges, you have hundreds of wallets. You have new DeFi platforms coming every single day, , NFT projects, all the crazy stuff. So it's super challenging to extract the data, to compile it in the right way. , and then to identify the historical price information of the tokens, the trades, and there is no set standard among the exchanges as well because each exchange has their own infrastructure. So there is no standard, like how you can get that data. So we have to build the whole thing, , ground up, basically. Like, now, after working for more than 18 months with the product, we are confident that now we can provide services to individuals across the globe because the calculation component might be simple, but gathering this data is like super complicated. So our vision with Kryptoskatt is basically like to, , make it easy for individuals to get an overview of their portfolio. Because right now it's spread out across exchanges, wallets, protocols. How can you get everything in mobile app? Like where you can see, okay, this is the amount of tokens I have in these different platforms. I mean, you have some wallet and portfolio apps, but still it doesn't cover everything like exchanges, for instance. So, , we wanted to bring that all together into one application, but at the same time, provide these other compliance services, , so that you feel that you have complete freedom over your financial infrastructure, that you need to get into the crypto world, basically. So we wanna make it, , make their transition easier, , for the people, normal people to get into the crypto space. Because once you start buying cryptocurrencies, you have to pay taxes. , you need to, you want to see them in one place, right? So. That was the whole idea in, in, in future, our goal is to provide other services where if you want to do defi transactions, you should be able to do them from the same application. So that was, that's kind of like the vision that we have. So today we support more than 1200+ defi protocols. 50 plus blockchains and, I think a hundred top exchanges, and like pretty much all the wallets that's out there. So it took us quite some time to build that infrastructure, and it to be scalable, to support the millions of users that's out there who need our services, because if the crypto goes up and down, you have to pay taxes, you can't avoid it. So we thought this would be a perfect solution to help onboard more people into the crypto space.

Roy:

Got you. And honestly, I don't even trade that much. I mostly kind of HODL myself and even I find it difficult to kind of manage my own taxes, even though I don't have that many transactions. So I can assume that somebody who's trading actively in this space, how many transactions that they have to kind of manually enter every time. So appreciate what you're kind of doing in this space and kind of making it easy and automated and giving all those, , better UI UX experiences for people to feel at ease of trading in crypto or investing in crypto and, it is kind of a blocker because there is a technical aspect involved in it. It's not as simple as. What you do in the stock market or anything like that? So there is, yeah, so it has to be across blockchains interoperable. So, , you mentioned you, you have, , integrated across 50 blockchains and everything, right? So that is really going to help us invest in this space. I want to understand, , deeper into the platform. What are the features that you have, , let's say for individuals, for businesses, , anything you want to specifically mention and what is the unique thing about Kryptoskatt?

Sukesh:

Oh, yeah, sure. So we do have some competitors in this space. So the approach that we are taking is that we wanna provide the best infrastructure and best user experience that's out there. But at the same time, we wanna like work with the different ecosystems, like different blockchain ecosystems and understand their specifics because Polygon has a different staking mechanism compared to Telos, for instance, and you can't have one general integration for every blockchain, right? You need to get into that ecosystem and understand it. , And then build the integration. So it's much easier. So we are trying to do that right now. So our goal with Kryptoskatt is to make your life stress free, , and also, provide that comfort of having control over your portfolio. So that's the goal. So we provide services to individuals where you can monitor your whole portfolio. All the NFTs you can see in one dashboard, all the NFTs that you have, all the defi positions that you have in different liquidity pools, Uniswap, Sushiswap Pancakeswap, everything in one view, and then you can also see how much tokens you have, funds you have in different exchanges, different wallets, everything in one view. So we are trying to bring all together into a simple good user experience dashboard. So you can see, okay, this is how my portfolio is distributed. I have 15% of my funds in Binance or 20% in Metamask account. And I have these amount of NFTs. And then we also provide you insights, , throughout the year. If the market is going up and down, we actually provide recommendations using our AI algorithms, basically saying, okay, this is a good time for you to sell so that you can save on taxes, , at the end of the year. So you can take actions based on those insights as well. And in addition to that for enterprises, , we have two types of enterprises, right? So we provide the platform for accountants themselves, so that they can manage their own clients in one view. So they don't have to like create accounts for every single client, but they can just see everyone from one view and help their clients answer questions and comments and everything like that. But also for companies, , who are providing services in the crypto space, if you are building a crypto project and where you are taking crypto payment, You wanna have them book keeped, , as well. So we provide those integrations as well for you. And we work with existing accounting platforms. So we provide our APIs so that you can integrate, , the data from our platform to your existing bookkeeping softwares. So you, as a company can also get your taxes done, , in this space. And in future, our plan is to work with the governments, to bring this to a massive scale. So for instance, in Sweden, we wanna provide this service to every single Swedish user, who has to pay taxes, right? So we wanna bring it to different countries so that this can be like a solution that the government and the tax office offers them. Because if you have a good solution, everyone wants to be compliant. No one wants to feel stressful and like, feel that discomfort of paying taxes. If it's easy, everyone will do that. So yeah, we just want to make that easier as much as possible. So that's kind of like, , the, , goal that we have with this product.

Roy:

Got it. Got it. I understand it much better now. You are kind of having two audiences as of now, like one is the individual audience, people who are investing by themselves as well as for the enterprise space. You have two types of diversification. One is for the accountants who are managing their clients accounts and, , one for the enterprises themselves, , their own teams kind of managing it. I had, I had one question or as a follow up, so a lot of our organizations are changing in the Web 3.0 space itself. Right. DAOs are coming in and, , there is no infrastructure to kind of manage accounting for DAOs. Right. So do you see this as an opportunity and how are you kind of working towards filling this opportunity?

Sukesh:

I mean, we definitely see it as an opportunity and it's a growing space, , with the DAOs coming in. , I mean, we do still have challenges in terms of legal recognition of DAOs, how their accounting practices should work for them, as an entity. So it's still unclear. And most of the DAOs that you see today are kind of registered in some sort of small island basically, so that they don't have to go through these tax troubles, , all the time and bookkeeping and everything, but as more, regulation comes and it becomes new normal, , then we already have the technical capability to do that. It's just like providing that customization for the DAOs specifically. So the technology and the infrastructure that we are building today can be applicable to different areas, , in the crypto space, , and traditional finance space as well because any hedge funds or any institutional funds that are coming into the crypto space, they wanna have these accounting practices, , whether you go for the big four firms. In the accounting industry, like EY or, , PWC or Deloitte, , for instance, everyone wants to have good tools so that they can provide support for institutional clients as well, because they have the money, the banking teams have the money. If you wanna get that money, you have to provide infrastructure for them to be compliant. Which is gonna be essential. And we think Kryptoskat t has a huge potential, , in future it's still early days, , as we expand and grow the team and the product, I think you have a lot of potential in the space.

Roy:

Got it. Got it. , In terms of regulatory, compliances, , what are the things that you have been seeing over the past few years? Like, because regulators are kind of tightening their nooses. There have been lot of projects which have been rugpulls and everything. Right. So how is the regulatory environment changing? Can you throw some light around that?

Sukesh:

Oh, sure. I think it's, it's definitely Adapting, I would say, but it's slow. , then the speed that, , the ecosystem would like to see, , but, , over the last one year, I think a lot of new regulation has come into this space, , with the US coming out with infrastructure law. Kind of mandating and putting requirements on exchanges, , and also, , making it more clear for the tax regulations with the IRS coming out in US and India, coming out with a tax law as well, which isn't popular, but still at least some regulation. Right. , In Europe, , EU is coming with Meka law, , as well. So, which basically mandates different projects on how the tokenization is done or how the stable coin should work, , which makes it much more clear for people on how to establish businesses and expand in Europe as well. So I think it definitely helps, , bring more users to the ecosystem. , if the regulation is good, And helpful. So we have to work towards that altogether and try to push and challenge the regulators to work Fastly and quickly, and to do it in the right way and try to reach out to your local government officials. Right? So that's what we do with here in Swedish blockchain association and our involvement with different associations in Sweden. Basically we try to share feedback on the different regulations that are gonna come in six months, one year, two years, we try to keep ahead of the curve and share our feedbacks. Okay. We think this will have a negative impact or this will have a positive impact. So, , it's definitely important that as, , thought leaders in this space and influencers in the space, we have to push that and try to be more, , ahead of the curve and try to drive the regulation rather than just follow it, drive that, as well.

Roy:

Absolutely. And, , this is one question that I keep getting from everybody out there. How do I go about planning my taxes when I want to invest in the crypto space. I know people are used to doing it for the regular, , investments that they do, but planning, , around the crypto space is a different animal altogether. So if you can suggest some resources or some best practices around tax planning for crypto, can you share that with our audience?

Sukesh:

Oh, sure. Yeah, definitely do follow Kryptoskatt. , we are gonna put out more content, , to help you out with tax planning, but also, as I mentioned earlier, so we have this new algorithm that we built. So once you start using our mobile app, you actually get insights on a regular basis to help you with the tax planning as well. And it helps you basically optimize on your taxes so that you don't have to pay high taxes at the end of the year. So it provides you suggestions that okay. Sell now or buy now, , so that you can save this much amount of money on the taxes, , based on your unrealized gains or losses. So that's what we do. We provide those insights for you so that you won't have to, worry about, , how the market is moving and all that stuff. We take care of that, and we provide those insights, for you to take actions. Even when the market is doing good or when the market is doing bad, you have, , us to support you. So, because we are moving in this really volatile space, , every single day, it changes, it goes up and down. So from a tax planning perspective, , compared to traditional industry like stock market, it's hard to plan ahead of time. Right? So, , yeah, you have to be proactive and, , working on real time. So we provide that service with the platform. So you can take advantage of that and be stress free.

Roy:

Yeah, that that makes sense. In terms of, , just had a follow up question around that. What is that one piece of tax advice that you love sharing to people. And like every time somebody asks you, you know, how should I plan my taxes? Is there any piece of advice for people who are new to their space and just want to starting out so can you share some tax advice, for them.

Sukesh:

I mean, I would get in such a trouble now. but, , I usually like try to, , I mean, it depends on a case by case basis and their, , view on how they won't like to have their portfolio. Is it a, if they wanna do short term trading or long term holding or, yeah, so it kind of depends, I would say from a tax perspective. So if you are not buying and selling crypto on a regular basis. So you don't have to worry too much about it. Maybe, take advantages of softwares like ours and get insights maybe before the end of the year, try to sell it and buy it at the same time. So you have the new cost basis, , for your new bought amount. So you don't have to pay high taxes at the end. , so if you hold it for like three years, Bitcoin goes a thousand percent. , so you don't end up paying a huge amount of taxes. , so that's one thing that you can do. , but also, , try to keep track if you're not using a software like ours, try to keep track of the historical prices and transaction links, , so that, , you have all the information ready from a tax planning perspective, because if you are audited, you have to really provide all this information and data. So you don't get into all the, , tax issues, , with your local tax authority. So yeah, try to be ahead of the curve. Plan ahead of the time. So I just wanna make it clear for everyone. Like there is no like going away or hiding from taxes, because even if you are working in crypto and taking crypto payments and, , doing crypto trading, like as, you know, like, , every single company or gateway that you have, like Binance or WazirX or CoinDCX, all these platforms are required to provide information about their customers, trading activity, deposits, withdrawals to the tax authorities. So they will come down through that list. So whoever is in the top of course gets, , first invite from them. But if you are not paying the taxes, you will somehow at, at some point in time, , get a notification from them. So just make sure that you are in compliance. I mean, it costs like, our starting offer like if you. If you have less than a hundred transactions, if you're not like a regular trader, we don't have to even pay for the service it's free that we offer. , so take advantage of that and try to be compliant, , to provide the tax reports and taxes, , as well, but like it doesn't cost much to be complaint. So, try to be always complaint. I would say that's the best way to go far through that.

Roy:

Exactly. I think, , there's a saying, right? Never lie to your lawyer, doctor and accountant. right. So I think, , it's important that people understand the value of taxation, especially in the crypto space where it's kind of difficult itself. So platforms like, like cryptos cat are kind of helping us. , understand and gain such insights, which is, , helping us in overall understanding of this space and understanding the market and the tax liabilities around it. So I would personally try it out myself and I would urge my audience as well to kind of try this platform out. The links, , will be in the description or the show notes below.

Sukesh:

Absolutely.

Roy:

Sukesh, some general questions about the market. We are in a bear market right now, and people are fearful and very tentative about the market situation. Right? So what are your thoughts and how do you see the market kind of changing in the next few few,

Sukesh:

I think we've been in this crypto winter, , for like over the last couple of years. Right? So since 2017, there, we went through this process and cycles a couple of times right now. So. , I think it's gonna stay, , like this where, , like a bit more turbulent, , I would say for the next couple of months, maybe follow through the next year as well, but, , I think it'll eventually come back. Whatever goes down, comes back and whatever goes up, falls down. So in the finance world. It's, it's pretty common thing in my opinion. It's just like in crypto, you have these short cycles. , but in the traditional finance, you have these long cycles where everything grows high and then it just falls down. Right. So, yeah, but, , in crypto you have this shorter cycle, so it's just a matter of time, but, , for builders and developers like us, it's important that you, , stay focused and continue building, , products because this is the time, , really crunch time. Build the infrastructure build the products so that we can onboard next group of users into the ecosystem. So that's what we are trying to do. Just keep our heads down. Don't look at the markets, , and try to focus on the technology and innovation that we could bring and the differences that we could bring to individuals life, , wherever they are in the world, because that's the ethos of blockchain and crypto. It can change, , a whole generation, , of a family, , by just providing that financial infrastructure, the banking infrastructure they don't have access to, but now with, , just downloading a wallet, , they can basically work with anyone from anywhere in the world. So, , yeah, that's the whole mission for us, like to make it easier and compliant from a legal standpoint, but also educate the users about crypto and blockchain in general.

Roy:

Exactly. Sukesh you have been a developer yourself. For developers who are not in the web 3.0 space, but let's say they're building financial products or financial systems. How do they kind of integrate them, , with your Kryptoskatt's , products or how do they kind of leverage Kryptoskatt's algorithm and use them in your products? Is there any integrations or API that you have built?

Sukesh:

Oh, yeah, we, we've definitely been thinking about that because crypto taxes is just a small part of your whole taxation, , things. Right? So we wanna provide our APIs, , to third party applications, , plugin to existing softwares. , so I don't know what, what are the prominent softwares in India that people use for taxes, but, , we wanna provide our APIs and our backend infrastructure. So that the existing softwares can provide the crypto, , as an additional feature, , so that we don't have to be the go-to platform, but our infrastructure can still be used by others to provide the same service. So that's the motivation that we had, , when building the software. So from day one, we've been focusing on that level of modularity and flexibility so that we can provide the service to others and others can take advantage of. That has been a priority. And, , yeah. And for developers coming from traditional industry as well, I think this is a thing that you should be, keep thinking of. Like how can you add more features, , and support because now adding with support for crypto basically enables you to like, Provide service for millions of people, , and charge them and get new revenue sources as well. So if they, if any of the, , audience or listeners today or developers are working in the traditional finance industry with traditional accounting platforms, just reach out to us and we are here to help you out, , with the integration process. And we are open to partnerships as well. So yeah, all you have to do is just reach out.

Roy:

Exactly. And, , the way to reach out to Sukesh is obviously I'll leave his social handles, , on our description so you can directly reach out to Sukesh or to the Kryptoskatt team and check out what is the APIs and integrations that is available for developers to integrate these products and algorithms into your existing products. On that note, Sukesh thank you so much for coming on our podcast, sharing these insights around taxes, around regulations, around developers and how Kryptoskatt is making this overall web 3.0 space simple. Also loved hearing about the story around Telos and building the Swedish blockchain association that was really inspiring for our audiences as well. So thank you for sharing these stories and insights with us and thank you for your time and have a great day.

Sukesh:

Thanks for having me and thanks for the opportunity and, , for everyone listening, do follow us on our socials and do follow The MetaRoy Podcast as well and help spread the information and bring new users to this awesome ecosystem. , so I just wish you a good day and thanks for listening in to the podcast.

Roy:

Thank you so much.

Sukesh Tedla Profile Photo

Sukesh Tedla

CEO and Founder - Kryptoskatt

Sukesh is a young entrepreneur with 6+ years of experience in the IT industry, 5+ years of experience in the blockchain industry and he possesses Masters in Telecommunications. In his previous roles, he worked in both technical and leadership positions at companies like Ericsson and Volvo Cars. He is also currently serving as the Chairman of the Swedish Blockchain Association.

He is one of the founding team members of Telos Blockchain Network which was valued at $200+ million at its peak. He is a public speaker and has been contributing to the blockchain scene since 2017. His passion is to bring complex technology to the masses and help develop a more trustworthy culture in the digital world we live in.