Koinly stories
As crypto gains popularity, common myths about tax obligations arise, but experts stress that profits made from crypto transactions are taxable in New Zealand.
More than one million Australians now own cryptocurrency, according to Roy Morgan, with Koinly helping guide them through tax regulations.
Koinly is a cryptocurrency tax software platform and crypto portfolio tracker used by hundreds of thousands of crypto investors and accountants globally.
A report into the Australian cryptocurrency industry has found almost half of Australians are unaware of the obligation to report crypto holdings to the ATO.
Australia's Koinly and Cointree have teamed up to simplify crypto taxes. The partnership allows users to view their transactions via Single Sign-On.