Kraken UK and Koinly Team Up to Simplify Crypto Tax Reporting

In the UK, the crypto tax reporting requirements are relatively clear, but many people still do not understand the tax implications of investing and transacting in crypto. To support people in managing their crypto portfolios, Kraken, a leading cryptocurrency exchange, has partnered with Koinly, a crypto tracking and tax reporting solution.

From November 2022, all UK-based Kraken clients can receive a 50% discount on their first HMRC tax report using Koinly. The partnership aims to empower investors to transact confidently while staying compliant with HMRC, which will be vital for the long-term health and mainstream adoption of the crypto industry.

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<p>The post Kraken UK and Koinly Team Up to Simplify Crypto Tax Reporting first appeared on CoinBuzzFeed.</p>