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On Monday, February 6th, Binance introduced the launch of Binance Tax. Binance has unveiled a new advanced tax tool to help users track their tax obligations based mostly on their jurisdiction. This crypto tax calculator generates an estimate of a trader’s tax obligations primarily based on their actions and relying on their jurisdiction. Binance, the world’s largest cryptocurrency exchange, has launched a new tax device providing crypto buyers info on the taxes related to their trading activities in preparation for the incoming tax season. With Binance Tax, crypto investors now not need to fret about spending time to compute their transactions, features, and losses throughout the year, as the tool robotically computes. The launch of Binance Tax is in response to the rising demand from customers to have an easy-to-use device to know their tax legal responsibility on the platform. Select ‘Realized Capital Gains,’ ‘Income Gains,’ or ‘Transactions,’ and ai trading software the instrument will generate a downloadable tax report exhibiting a breakdown of your features and losses.