Three prominent Australian-based cryptocurrency traders have collaborated with Koinly to trace their customer's tax commitment. The crypto firms are Swyftx, Coinjar, and Cointree.
This partnership was made known to the public by the cryptocurrency taxation software supplier. The new collaboration permits clients of the three digital assets firms to quickly upload transaction and purchase data to the cryptocurrency taxation software supplier Koinly. Customers can also see thorough reports of capital profits.
This new development comes after Australia notified over 300,000 citizens who are believed to be purchasing cryptocurrencies not to forget to pay their taxes.
The taxation office in Australia assessed and stated that about 4% of the nation's population trade or transact cryptocurrency.
The founder of Koinly stated that they started discussions with various digital asset companies in Australia after the taxation office's notification.
The platform has witnessed an influx of customers in the past few months, and most of them transact with these three exchanges.
The founder also noted that the collaboration with the three exchanges would make it easy for cryptocurrency traders to transact without having any tax problems.
Source: Cointelegraph
