RATE Group | Blox Launches Automated and Accurate Crypto Cost Basis Tool for Cryptocurrencies and Dig…
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Blox Launches Automated and Accurate Crypto Cost Basis Tool for Cryptocurrencies and Dig…

04 Nov Blox Launches Automated and Accurate Crypto Cost Basis Tool for Cryptocurrencies and Dig…

Posted at 15:16h in Cryptocurrency News by

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SAN FRANCISCO, Nov. 4, 2019 /PRNewswire/ — The industry leading platform for cryptocurrency accounting and tax, Blox, has launched the industry’s first automated and accurate cost basis tool for calculating cryptocurrency profit and loss. Today’s cryptocurrency community has already penetrated the mainstream world, creating a complex series of unique challenges for today’s crypto accountants, tax professionals and blockchain businesses. Now available for Blox business users, the new Cost Basis tool is a welcomed addition to the company’s existing suite of tools, according to customers and the industry at-large.

The cryptocurrency industry is still lacking the important legal framework for understanding cryptocurrency accounting and taxation. But as cryptocurrencies continues its rise to dominance, companies like Blox are already deploying the industry’s most vital solutions.

Crypto companies and blockchain business suffer from an inability to quickly and reliably…

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