The rapid expansion of digital assets has created a new challenge for investors and founders alike: navigating crypto taxes. As regulatory scrutiny increases and more participants enter the market, specialist advisory services are becoming essential.
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That’s the opportunity Nephos Group is betting on with the launch of Myna L2, a new franchise under its Myna Accountants brand designed specifically to address the rising demand for crypto tax expertise in the United Kingdom.
Announced today in Dubai and London, the new venture will officially launch on April 1, 2026, marking a major step in the firm’s strategy to scale its digital asset advisory services.
A “Layer 2” Approach to Crypto Accounting
The name Myna L2 draws inspiration from blockchain architecture. Just as Layer 2 networks improve scalability and efficiency on blockchains, the new practice is designed to expand the capabilities of Myna’s crypto accounting services while maintaining specialist expertise.
The franchise will be led by Jamie Nuttall, currently Director of Crypto Tax at Myna, who becomes the company’s first franchise partner. Under Nuttall’s leadership, Myna L2 will operate as a dedicated UK crypto tax practice, focusing exclusively on digital asset taxation and compliance.
Its services will address the growing range of crypto activity taking place across the ecosystem — from Bitcoin investors and token traders to DeFi participants and NFT collectors.
Navigating a Rapidly Evolving Tax Landscape
As crypto moves deeper into mainstream finance, tax complexity has increased significantly. Investors are now required to track capital gains across multiple exchanges, wallets, and on-chain protocols — all while complying with evolving guidance from regulators such as the UK’s HMRC.
Myna L2 aims to simplify that process.
The practice will provide services including:
Cryptocurrency tax returns
HMRC enquiry support and dispute resolution
Capital gains advisory
Tax compliance and reporting
Voluntary disclosures
Crypto bookkeeping and record management
By focusing solely on digital assets, the firm aims to provide the kind of specialized guidance that traditional accounting firms often struggle to deliver.
Scaling Expertise Through Franchising
The creation of Myna L2 reflects what Nephos Group sees as a structural shift in demand for crypto-focused accounting services.
According to Joe David, Founder and CEO of Nephos Group and Myna, franchising offers a way to expand the firm’s capabilities while preserving the specialist expertise that clients expect.
“Launching Myna L2 is a defining moment for our business,” David said. “Demand for specialist crypto tax advice has grown rapidly, and franchising allows us to scale that expertise while maintaining the quality and culture that Myna is known for.”
David also noted that Nuttall has played a central role in building the company’s crypto tax division, making him a natural choice to lead the first franchise.
Building Confidence in Crypto Tax Compliance
For many crypto users, tax compliance remains one of the most confusing aspects of participating in the digital asset economy.
Nuttall says that’s exactly the gap Myna L2 intends to address.
“Crypto is complex. Tax is complex. Bridging the two together can feel like an uphill battle,” he said. “Myna L2 was created to deliver clarity and confidence in navigating crypto tax.”
By removing the administrative burden of crypto tax reporting, the firm hopes to allow clients to focus on their broader investment strategies and business goals.
A Framework for Future Expansion
The launch of Myna L2 also serves as a blueprint for the future of the Myna brand. Nephos Group plans to expand its franchise model further as the digital asset economy continues to mature and regulatory frameworks become more defined.
