Share this article
Crypto.com Launches Tool to Simplify Crypto Taxes
The tax calculator is launching in Canada, but will later see a wider rollout.
Updated Sep 14, 2021, 12:24 p.m. Published Mar 10, 2021, 4:21 p.m. 1 min read
Crypto.com has launched a free service it says reduces the complexity of filing cryptocurrency tax returns.
- In a blog post Wednesday, the Hong Kong-headquartered exchange said its new tool provides "an estimation of taxable gains/losses on relevant crypto transactions," which can be downloaded for tax filing.
- Users can import transaction records from supported exchanges and wallets via CSV files or using API synchronization where supported.
- Initially, the service is only available in Canada but will later be rolled out to other jurisdictions.
- When that happens, the tool will use country-specific tax calculation formulas.
- “We worked with professional tax advisers to ensure that the calculation logic is consistent with available guidance and laws for filing crypto taxes in Canada,” said Crypto.com.
Read more: Crypto.com Launches $200M Fund for Crypto Startups
More For You
Dan Roberts outlines IREN’s strategy to build a vertically integrated AI platform spanning power, data centers, GPUs and enterprise software.
What to know:
- IREN co-founder, Dan Roberts, says owning power, land and data centers creates a long-term competitive moat as global AI demand accelerates.
- Roberts said AI’s biggest constraint is increasingly physical infrastructure, with power, land and data center capacity becoming more valuable as global compute demand surges.
- WhiteFiber shares jumped 6% in...
Top Stories
