Crypto.com Launches Tool to Simplify Crypto Taxes
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.
Recommended News
-
DEFI New Finance: New HS Network Coming Out
Digital currency is the product of block chain technology. Block chain (Blockchain) refers to the technical scheme of maintaining a reliable database collectively through decentralization and distrust. From the perspective of financial accounting, block chain can be regarded as a highly trusted network electronic account book with full node participation. With the deep application of block chain technology, the value of digital currency in the future will become increasingly prominent. HS Network is a block chain DEFI Token trading platform based on Ethernet technology. Built by the Global Ecological…
03/31/2021 -
Mix of Old, Wrong and Dubious ‘News’ Scares Rookie Investors, Fuels Crypto Selloff
Call it the recipe for perfect market meltdown: Take a dubious tweet about an unconfirmed U.S. investigation of financial institutions using crypto to launder money, a report that doesn’t appear to have come from Bloomberg, Dow Jones, Reuters or any other reputable news service. Take that tweet and sprinkle it throughout the cryptoverse. Shake vigorously. Add a new CNBC tweet about a month-old Reuters report regarding a coming crypto ban in India. Let marinate until fully absorbed, about 30 minutes. Next fold in several (now-deleted) tweets that incorrectly implied that the Coinbase CEO had sold…
04/18/2021 -
BTDA has drawn a new generation of storage blueprints
With the rapid development of mobile Internet, 5G, Internet of Things, artificial intelligence and other technologies, data has exploded, and countless data are continuously generated, collected and processed everywhere. Accordingly, the markets of cloud storage, cloud computing and distributed edge computing are growing rapidly. Market reports from IDC, GrandView, Garnter and other institutions have clearly described this trend. On April 20, 2020, the National Development and Reform Commission held a press conference. The new infrastructure mainly includes three aspects, namely, information infrastructure, converged infrastructure and innovative infrastructure. Among them, data…
04/20/2021 -
Lingose: Empowering Wed3’s GameFi Players
With the awakening of self-awareness of a new generation of netizens, people begin to realize the value of their actions, and when these lines are recorded and accumulated enough, big data is formed. At present, major companies use big data to make countless profits, but the contributors of the data themselves have nothing to gain. When people really realize this, then web3 will be one step away from us. The most notable feature of Web3 is that the ownership and control of the digital content created by the user belong…
08/10/2022 -
IPFS Mining Tides, MEM Middle East Mining will build one of the world’s largest information storage service industrial parks
According to the Middle East News Agency, nine consortia including Saudi Sidra Capital, Olayan, Abu Dhabi’s sovereign wealth fund and UAE real estate company Al Ain Properties have jointly created a MEM-IPFS storage service industrial park, which can be called one of the world’s largest information storage service industrial parks. It is understood that MEM Middle East Mining was jointly built by nine consortia including Saudi Sidra Capital, Olayaan, Abu Dhabi sovereign wealth fund, and UAE real estate company Al Ain Properties, with a total investment of US$800 million…
05/18/2021 -
Blockchain+ energy, IEA is born strong
The rapid growth of the earth’s population and the industrialization of developing countries are pushing global energy demand to unprecedented levels. The world’s energy dependence on fossil fuels such as coal, oil, and natural gas poses a major risk to the environment and is one of the main factors causing adverse climate change. With these challenges, new approaches to energy production and distribution are needed. The solution must support dynamic and sustainable global growth, for which the IEA came into being. The IEA Foundation was established by the Japanese IEA…
02/18/2021 -
Bitcoin Traders Brace for Record $6B in Options to Expire Friday
They call it “max pain” in the bitcoin options market: How to make one’s trading counterparty suffer the most. Although the largest cryptocurrency was changing hands Wednesday around $56,500, traders were handicapping the odds of a plunge to about $44,000 by Friday, when a record $6 billion of options contracts is set to expire. A drop to that price level would inflict “max pain” on buyers of options contracts, and it might be the most profitable price point for options sellers. It’s a remote risk, but not one to be discounted. The…
03/24/2021 -
Anchor Begins Countdown to Launch of Bank-Beating DeFi Savings Account
Anchor, the much-anticipated cryptocurrency savings account from the team at Terraform Labs, appears to be finally nearing a go-live date, based on a countdown clock on its website. Under the plan announced last summer, Anchor would allow users to hold Terraform’s UST stablecoin, pegged to the U.S. dollar, and earn returns that consistently outpace the annual percentage yield (APY) of savings accounts at U.S. banks. Anchor represents a significant new decentralized finance application independent of Ethereum (where most of the DeFi action takes place): a basic savings account that should be more…
03/14/2021 -
BitKeep V7.0 comes with a new NFT Market
We are happy to introduce BitKeep V 7.0 on March 15th, 2022. As the top decentralized multi-chain crypto wallet in Asia, BitKeep brings a new UI and improved sections in the 7.0 version to present our users with enhanced services and add an extra layer of security to the encrypted crypto trading environment. Aside from the improvement in terms of UI, transaction convenience, user experience, security and more, BitKeep V 7.0 has launched new features including NFT Market and Discover. https://www.youtube.com/watch?v=FskRmYjXqbY BitKeep V7.0 1. New UI The UI is re-designed to be aesthetically consistent…
03/20/2022 -
Community-Driven Interstellar Metaverse GiiiO Interstellar Explorer, Will List Binance NFT Soon
Recently, the chain game track featuring concepts such as Metaverse and Play to Earn (play to earn) has become more and more popular, accompanied by the wealth effect brought by playing earning games and the influx of a large number of users. This track where encryption technology is fully applied in the game industry has attracted the attention of the industry. This article will select the “potential stocks” projects that may be underestimated in the chain game track in the near future according to the current development status and…
03/18/2022