- 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 current funding to quickly broaden CryptoTax’s partnerships.
In line with 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 distinguished Korean blockchain-focused funding agency Hashed.
The precise funding quantity raised within the current funding spherical has but to be disclosed. Yoon Dong-hwan, CEO of Double Xsoft, remarked that the funding would gasoline the growth of CryptoTax’s partnerships, propelling the platform to develop quickly within the realm of digital asset tax and accounting.
Notably, CryptoTax features as a complete platform catering to each particular person and company purchasers. Its suite of companies contains cryptocurrency monitoring, transaction proof, and tax calculation and reporting companies.
Per the report, CryptoTax incorporates and analyzes transaction information from varied home and worldwide crypto exchanges and wallets to supply crypto customers with digital asset tax and accounting options.
Whereas CryptoTax has a devoted app for particular person traders to estimate their tax on crypto, it provides specialised companies for establishments concerned in crypto underneath the service-oriented software program “CryptoTax Enterprise.” Particularly, company customers profit from options like type-specific computerized accounting processing and the issuance of accounting information.
Kwon Oh-hyung, CEO of FuturePlay, said that clear reporting of cryptocurrency transactions has turn into indispensable with the earnest introduction of digital asset legalization. He added that CryptoTax is poised to turn into a vital service for all digital asset holders, leveraging its complete data of various digital belongings and its formidable functionality to research transaction information.
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