Revolut taps Koinly for cryptocurrency tax reports
Digital bank Revolut has partnered with Koinly to integrate cryptocurrency tax report services for users. As Cryptocurrencies increasingly fall under the purview of global tax authorities, digital bank Revolut has integrated an automated tax report ing service for its users. The digital financial services provider has partnered with cryptocurrency tax solution Koinly to allow users to generate cryptocurrency tax reports to work out gains and losses. Revolut users will be able to synchronize their cryptocurrency transaction history with Koinly to expedite tax calculations. A discount on the service is being offered to new Koinly customers, with the onboarding process facilitated through the Revolut mobile app. Revolut serves over 18 million users across a number of different jurisdictions around the world following the acquisition of a banking license in Lithuania in late 2018. The digital bank has been offering cryptocurrency custody services since Dec. 2017. The fintech firm has sin...