Woofun AI reports that Pafin, the operator behind the Japanese crypto asset management platform Cryptact, has acquired Gtax, a specialized provider of crypto tax services. The strategic move aims to consolidate market presence and streamline service offerings for users navigating complex tax obligations.

The two organizations have outlined a roadmap to finalize the integration of their respective brands by October of this year. This corporate reorganization is primarily driven by recent amendments to the Financial Instruments and Exchange Act, which notably expanded the regulatory scope to include cryptocurrencies as financial products for the first time.