Company makes it easier to settle cryptocurrency levy with tax office
Polish company Cryptiony, which is developing a platform that facilitates tax returns on cryptocurrencies, has announced the closure of a funding round in which it managed to raise €500,000 (over PLN 2.3 million). The funds came from, among others, the New York-based ff Venture Capital fund and are expected to enable growth - both technologically and geographically.
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You could have read about Cryptiona on cashless.pl back in 2021. At the time, the creators of the business asserted that they had created an easy-to-use tool that automates the process of calculating tax liabilities. To use it, you need to create an account on the platform and enter your transaction history. This can be done by, among other things, integrating with a cryptocurrency exchange. Once the information appears in the system, the software will calculate the tax liability and prepare a report that will be useful when completing forms for the tax office.
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The fintech boasted receiving the title of startup of the year at the Invest Cuffs event after just one year of operation, and also ensured that the number of subscribers to its service grew tenfold in 2022 (probably largely due to a low base). Having established itself in Poland, the company intends to expand beyond our borders - last year it opened an office in London and it is the UK that is set to become its most important market. This is to be facilitated by the expansion of the team of developers, whose aim will be to introduce new features to the service and extend integration to more cryptocurrency exchanges.