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Crypto exchange Binance introduces tool for calculating taxes on transactions

Crypto exchange Binance introduces tool for calculating taxes on transactions

Cryptocurrency exchange Binance has introduced a tool to help users calculate the tax obligations on their crypto transactions as governments increasingly look to ensure they don’t miss out on revenue from the industry.

The free tool can support reporting of up to 100,000 transactions and is available initially to users in Canada and France. The exchange has plans to extend it to other regions.

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