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27 July 2021

Binance Australia partners with Koinly for tax reports as ATO ramps up compliance

Binance Australia partners with Koinly for tax reports as ATO ramps up compliance


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Binance has partnered with cryptocurrency tax startup Koinly to assist users grappling with ever-increasing tax obligations down under.

Koinly was founded in 2018 and supports over 600 exchanges and wallets, enabling users to sync their full crypto trading history with one central ATO-compliant platform.

In May 2021, the ATO doubled down with itsefforts, reminding 100,000 Australian crypto users to report all gains on their tax returns — with a further 300,000 people expected to be prompted to do so as they lodge their returns.

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