Binance Introduces Crypto Tax Tool
Crypto exchange Binance announced it is launching a tax reporting tool to help users stay on track of their crypto transactions for tax reporting purposes.
According to the announcement, Binance Tax lets its users download a tax summary report which includes any gains or losses which have occurred throughout the year in their Binance account. This includes spot trades, crypto donations and blockchain-based fork rewards.
The company said this comes as a response to a growing number of inquiries from users about their tax liabilities.