With India witnessing a dramatic rise and acceptance of Crypto, CoinTracker has launched its products for the Indian market. According to data, the range of crypto users varies from 20 to 100Mn people and this number is expected to rise as access to better connectivity is expected in the coming years. With Chainalysis ranking India #2 globally in crypto adoption, users accessing NFTs & DeFi across various platforms.
The recently declared tax regulations covering cryptocurrencies, including NFTs and other digital assets, have given the much-needed clarity, and regulators and the government can finally account for this new financial domain. Even the users have now compliance parameters in mind and can plan accordingly.
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With the launched CoinTracker interface, users can utilize and furnish their respective crypto taxes within the app. The users can use CoinTracker for various purposes as listed below:
- Can work as an aggregator and help users compile and track cryptocurrency & NFT across various wallets.
- Dedicated Tax Center which helps users deduce the real-time tax estimates along with achieved capital gains, and tax invoices.
- Generate various crypto reports with the help of chartered accountants & various other tax officials to have a better understanding of the portfolios.
CoinTracker predicts the Indian market to be the most receptive and huge numbers are expected as revenue from this market in the near future. With India being the 1st international market for CoinTracker, the faith and commitment reflect in assisting people to have a financial experience that is world-class and filled with innovations.
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The company plans further expansion in India and interactions with local users, builders, and communities to rapidly tap the potential market. It also has plans to incorporate and engage with the regulatory bodies and make the crypto tax scene seamless for users.
With the launch of CoinTracker in India, the crypto ecosystem is sure to witness the necessary push and help the people attain financial freedom and growth with greater adoption by the mainstream public.
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