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- Korean digital asset tax and accounting platform CryptoTax achieved a funding triumph in a pre-Collection A spherical.
- The brand new funding comes 14 months after securing seed funding from Hashed.
- Double Xsoft’s CEO plans to leverage the latest funding to quickly develop CryptoTax’s partnerships.
Based on an area Korean media outlet, CryptoTax, the digital asset tax and accounting platform operated by Korean agency Double Xsoft, has efficiently secured funding in a pre-Collection A funding spherical. Per the report, this achievement comes simply fourteen months after the platform attracted seed funding from the outstanding Korean blockchain-focused funding agency Hashed.
The precise funding quantity raised within the latest funding spherical has but to be disclosed. Yoon Dong-hwan, CEO of Double Xsoft, remarked that the funding would gasoline the enlargement of CryptoTax’s partnerships, propelling the platform to develop quickly within the realm of digital asset tax and accounting.
Notably, CryptoTax capabilities as a complete platform catering to each particular person and company purchasers. Its suite of providers contains cryptocurrency monitoring, transaction proof, and tax calculation and reporting providers.
Per the report, CryptoTax incorporates and analyzes transaction information from numerous home and worldwide crypto exchanges and wallets to offer crypto customers with digital asset tax and accounting options.
Whereas CryptoTax has a devoted app for particular person buyers to estimate their tax on crypto, it presents specialised providers for establishments concerned in crypto beneath the service-oriented software program “CryptoTax Enterprise.” Particularly, company customers profit from options like type-specific automated accounting processing and the issuance of accounting information.
Kwon Oh-hyung, CEO of FuturePlay, acknowledged that clear reporting of cryptocurrency transactions has turn out to be indispensable with the earnest introduction of digital asset legalization. He added that CryptoTax is poised to turn out to be an important service for all digital asset holders, leveraging its complete information of numerous digital property and its formidable functionality to research transaction information.
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