Crypto platform CoinTracker forays into India

On Wednesday, crypto tax compliance and portfolio tracking platform CoinTracker announced its entry into India. The firm’s stance also comes against the backdrop of the government ordering 30% taxation on such transactions with effect from April 1.

While announcing the launch of its product in the nation, the company said that beginning today, the cryptocurrency portfolio tracking and tax compliance products will be available to all cryptocurrency users across India. According to CoinTracker, users in India can now deal in cryptocurrency assets without worrying about the challenges related to reconciliation, tracking, accounting, and compliance.

The company added that it can be challenging for people to navigate the difficulty of holding, purchasing, and transacting with crypto, and almost impossible to comply with taxes without the right tool. They created CoinTracker to solve this problem easily and are excited to deliver their offering in the country.

As per CEO of CoinTracker, Jon Lerner, they plan to rapidly expand their partnerships and integrations with all the famous tax products and exchanges used in the country in the upcoming months and ultimately work together to aid in enabling the mainstream adoption of crypto in the country.

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