Crypto.com's Crypto Tax Tool Extends Footprints into Germany

Cryptocurrency exchange Crypto.com announced on Thursday an extension of Crypto.com Tax, the first crypto tax product in the market that provides entirely free services for anyone who needs to prepare their crypto taxes, into Germany.

As a result, Crypto.com Tax is now available in five countries, including Germany, U.S., Canada, Australia and the U.K.

​According to the official press release, Crypto.com Tax makes it easy to calculate complicated crypto taxes at no cost. This tool enables users to quickly generate organised  reports, including transaction history and records of capital gains and losses.

Users can import crypto transaction records from over 20 supported exchanges and wallets by uploading a CSV file, or using API synchronisation with major platforms like the Crypto.com App. Crypto.com Tax provides users with an estimation of taxable crypto gains/losses instantly based on the share-pooling calculation method on relevant crypto transactions, which can then be downloaded in a format of their choice.

As Fazzaco reported earlier, Crypto.com has become a Gold Member of Singapore Blockchain Innovation Programme​ (SBIP), a nationwide technical collaboration supported by the Singapore Government through the National Research Foundation.