Revolut has partnered with Koinly to make tax reporting “easier” for cryptocurrency customers.
The service from tax reporting platform Koinly provides a report that integrates crypto assets and trading activities held on other platforms.
It is available in 34 markets and can support over 170 blockchains and 1,700 tokens.
Mazen Eljundi, global business head of crypto at Revolut said that filing taxes for crypocurrency and other digital assets could be a challenge for many customers.
“We are confident that the crypto tax service offered through our partnership with Koinly will make this legally required activity easier, less stressful, and more accessible to all,” added Eljundi. “We want to be the most responsible provider of crypto services, helping our users to onboard to web 3 whilst building a safer and compliant eco-system in the crypto industry.”
Koinly customers will get a 60 per cent discount on the first report purchased for users with less than 250 transactions linked in their account. In all other cases, a 20 per cent discount will be applied.
Latest News
-
Barclays takes £110m hit from Tricolor collapse and lifts car finance provision
-
FCA sues HTX over illegal crypto promotion in the UK
-
NAB expands multi-cloud strategy with new Google partnership
-
Coinbase rolls out crypto rewards card in the US
-
Citi chief executive elected chair of the board and awarded $25m bonus
-
Allica bank buys Kriya as challenger sets sights on £1bn SME lending
.jpg)
.png)
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories