File Crypto Tax Reports at an Unbeatable UK Price

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Cryptiony was created to help solve one of the most fundamental challenges in the digital currency industry: tax filing.

The larger the crypto ecosystem, the more tax authorities in different jurisdictions will require active players to file their tax returns. While many countries have not reached the level at which they apply their own tax rules, the UK is a notable exception. Taxes are not only mandatory in the country, it is a criminal offense to evade crypto taxes or file one’s report for losses or profits made.

This is where the complications lie, filing tax returns is a somewhat new requirement from regulators, a requirement that most accounting agencies are not sufficiently equipped to handle. This paved the way for innovative crypto tax automation platforms, including Cryptiony.

Cryptiony was created to help solve one of the most fundamental challenges in the digital currency industry: tax filing. Filing crypto tax returns is a very complicated business as there is no guiding standard yet that governs this aspect of the industry. With thousands of crypto exchanges now on the market for the growing number of crypto investors to choose from, the pressure in calculating crypto tax returns from this platform is so enormous.

Cryptiony solves this problem with its crypto tax automation web application for individuals and tax professionals. The platform is driven by the mission to enable easy calculation of cryptocurrency taxes, promoting cheap and fast calculations for beginners, professional traders and accountants by using automation and encryption processes to make cryptocurrency tax compliance stress-free.

The design of the Cryptiony platform will not only help every user of its crypto tax automation tool to comply with applicable regulations, but it will help put the entire industry in a very good position with the authorities of the whole world. This assumption is based on the fact that the easier it is for regulators to track the crypto market for tax and other purposes, the more comfortable they will be in allowing industry innovations to thrive.

The Crypto Advantage in the Crypto Tax Return

Cryptiony offers many benefits to people who adopt it to file their tax returns, especially in the UK. For starters, the platform offers free tax filing for up to 500 transactions, and its fees are user-friendly and based on an annual subscription model.

Cryptiony offers the same model as other known crypto tax protocols but is designed as a friendlier alternative with fast syncs to exchanges, it is more convenient and fast.

The Cryptiony platform is the work of Bartosz Milczarek as the platform’s CEO, Krzysztof Dworakowski as the CTO, and Hanna Milczarek who is the CMO. Each of these veterans has decades of experience building automation solutions in the digital and tech world and they decided to turn their passion into a business that turned into Cryptiony.

Although cryptocurrency tax calculations can be complicated and expensive, using the Cryptiony app presents itself as an easy getaway for crypto traders, investors, and accounting professionals.

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Benjamin Godfrey is a blockchain enthusiast and journalist who loves to write about real-world applications of blockchain technology and innovations to drive mainstream acceptance and global uptake of emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain-based media and sites. Benjamin Godfrey is a sports and agriculture enthusiast.

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