Binance Australia partners with Koinly for tax reports as ATO ramps up compli...
The taxman commeth for Australian crypto investors and Binance wants to help them out. The Australian branch of leading cryptocurrency exchange Binance has increased the ability for users to accurately report tax liabilities amidst increased pressure from local tax authorities.Binance has partnered with cryptocurrency tax startup Koinly to assist users grappling with ever-increasing tax obligations down under. Binance users in Australia have been offered access to Koinly’s tax reporting solution through the integration.Koinly was founded in 2018 and supports over 600 exchanges and wallets,....
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Koinly is a tax solution for cryptocurrency investors and accountants. Anyone who owns multiple exchange accounts or wallets knows the pains when it comes to declaring taxes. Koinly was built to solve this very problem – by integrating with all major blockchains and exchanges Koinly reduces crypto tax reporting to a few minutes of work.
Robin Singh is the Founder of Koinly. He recently joined the Bitcoin.com News Podcast to talk about the challenges crypto users face with regards to taxes in 2022:
Koinly currently supports USA, UK,....
Koinly is a leading a cryptocurrency tax calculator and portfolio tracker for traders, investors and accountants. There are many features that make it stand out from the competition, and this article will present five key reasons why Koinly is actually the best crypto tax software in the world today. These include a wide range of exchange and wallet integrations, DeFi support, Cardano support, support for liquidity transactions, and compatibility with multiple countries.
Wide Range of Integrations
Whether someone is a taxpayer looking to get an accurate crypto tax report, a....
Compiling taxes for crypto transactions has been a thorn in the side of investors for a long time. This is because, unlike traditional markets, crypto transactions can be numerous as investors move to their preferred projects, and tax filings require that all of these transactions be reported. Given this, Koinly has taken it upon itself […]
Cryptocurrency users can face a lot of challenges finding the right information needed for reporting taxes. Koinly, a leading cryptocurrency tax calculator and portfolio tracker for traders, has created the ultimate guide to help. Koinly Presents The Ultimate Bitcoin Tax Guide for 2022 Crypto tax regulations and laws can be confusing, leaving investors with many questions about what crypto taxation looks like – how much tax to pay on Bitcoin and the tax rate? But do not worry. Koinly brings an ultimate crypto tax guide to help answer all the questions related to crypto taxes and....
Amid regulatory scrutiny worldwide, global cryptocurrency exchange Binance has announced that it will cease offering futures, options, and leveraged tokens to Australian users in 90 days.
Changes Coming to Binance Australia
Cryptocurrency exchange Binance announced some changes to its offerings in Australia Tuesday. The exchange will cease offering futures, options, and leveraged tokens to existing Australian users. Binance explained:
Effective from 2021-09-24 09:00 AM (UTC), existing Australian users will have 90 days to reduce and close their positions for these products.....