Binance released a crypto tax tool that enables users to understand their tax liabilities. The tool is designed for users to stay up to date on their taxes for up to $100,000.
- The
new feature will allow users to download a report showing a tax summary
of any gains or losses using "Realized Capital Gains," "Income Gains,"
or "Transactions" on the Binance website.
- The tool is still in the early stages and not fully launched; the current version does not integrate with wallets.
- Binance Tax is only available in Canada and France. Other regions will be included over time.
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