ANI PR Wire
28 Apr 2023, 16:45 GMT+10
Mumbai (Maharashtra) [India], April 28 (ANI/PRNewswire): KoinX, a leading provider of tax calculation software, is excited to announce the integration of XDC Network. XDC Network is one of the fastest-growing blockchain ecosystems around the globe with its Ethereum scalable solutions and encouraging developers to build real-world Dapps, tokenize assets on the most sustainable and energy-efficient networks.
Governments worldwide are working to develop new tax regimes for the decentralized ecosystem, but regulations differ from country to country. Doug Brooks, Senior Advisor at XDC Network, says, "It is important to note that the tax treatment of digital tokens can be complex and may depend on a variety of factors, including the purpose of the token, length of time it is held, and specific tax laws in the jurisdiction where the individual or entity is located. It is advisable to consult with a tax professional knowledgeable about the taxation of digital tokens in your jurisdiction."
KoinX's sophisticated crypto-tax reporting feature simplifies the often-complex process of calculating and generating crypto-tax reports. With KoinX's state-of-the-art portfolio tracking capabilities, XDC users can effortlessly monitor their investments in real-time, gain comprehensive portfolio insights, and make informed investment decisions.
"We are excited to integrate XDC Network on KoinX, which empowers the XDC users with cutting-edge portfolio insights and crypto tax reporting solutions," said Punit Agarwal, Founder and CEO of KoinX. "Our deep integration with XDCNetwork provides a seamless and user-friendly experience for XDC users to track their investments and generate detailed, accurate crypto tax reports. We believe this addition will greatly benefit the web3 community and contribute to the mainstream adoption of both blockchain and cryptocurrencies."
KoinX is an automated crypto-taxation platform launched in 2022 by Punit Agarwal. The platform allows cryptocurrency investors to automate tax calculations by integrating their portfolios and transactions onto a single dashboard. KoinX is a valuable tool for simplifying crypto taxation. It is currently integrated with the largest exchanges and blockchains, allowing crypto investors to combine and calculate their taxes easily.
KoinX.com
XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain that has been operationally successful since 2019. The network obtains consensus via XDPoS technique that allows 2-second transaction times, near-zero gas expenses (USD 0.0001), over 2000 TPS, and interoperability with ISO 20022 financial messaging standards.
XinFin.org and XDC.org
This story has been provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)
Get a daily dose of South East Asia Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to South East Asia Post.
More InformationWASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
CAIRO, Egypt: This week, both Hamas and Israel shared their views ahead of expected peace talks about a new U.S.-backed ceasefire plan....
WASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...