Koinly Launches Cryptocurrency Tax Calculator for UK Traders

With clear tax guidelines and cryptocurrency regulations, UK’s tax authority, the HMRC, has made it abundantly clear that Bitcoin is not exempt from taxes – as many may believe.

LONDON, Jan. 28, 2020 /PRNewswire/ — Koinly is a fast growing crypto tax startup that promises to help bitcoin investors prepare their crypto tax reports in a fast and efficient manner. By linking exchange accounts and public wallet addresses with Koinly, investors can get a detailed capital gains report within a matter of minutes.

“UK’s capital gains system is one of the most complex and with the thousands of transactions that crypto investors can quickly rake up – there is simply no way to manually do all the calculations. Our aim with Koinly is to make it easy for both crypto traders and accountants to generate their capital gains tax forms,” said Robin Singh, founder of Koinly.

Taxes are an integral part of any financial system and it is a good sign that tax authorities are coming out with clear…