<p>Cryptotax, a South Korean cryptocurrency tax and accounting platform run by accounting firm Xxsoft, has <a href="https://www.etnews.com/20231122000210" rel="noopener noreferrer nofollow">secured an investment</a> from Asian blockchain investment firm Hashed during its pre-series A funding round. This comes just 16 months after the company secured seed funding.</p><h2 id="header-0">Empowering financial clarity</h2><p>Cryptotax is a platform that offers comprehensive virtual asset tax accounting services that allow both individual and corporate clients to monitor their virtual assets, view receipts of their transactions and calculate and report their virtual asset tax records. To do so, it collects and analyzes transaction history and asset details from crypto exchange accounts and digital wallets that users can register on their Cryptotax accounts.</p><p>Individual investors can also monitor their assets and view their net profits, as well as receive a preview of the amount of tax they would actually have to pay later on based on those profits.</p><p>On the other hand, corporate clients that issue or own virtual assets can get access to special services through Cryptotax’s solution as a service (Saas) dubbed Cryptotax Enterprise. By using this service, businesses, investment management firms and virtual asset issuers can benefit from automated tax processing and directly receive accounting documents.</p><h2 id="header-1">Harnessing technological prowess</h2><p>“We have been working hard to prove our technological and competitive capabilities through the establishment of the Cryptotax platform,” said Yoon Dong-hwan, CEO of Xxsoft, reaffirming the company’s efforts to rapidly expand the comprehensive platform and establish collaborative relationships.</p>

Cryptotax secures pre-series A funding from Hashed

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