Investors have had years to get used to accounting for tax on traditional asset classes such as equities and bonds. But the soaring popularity of cryptocurrencies and related assets brings new challenges for both retail and professional investors. Enter Binocs, a fintech start-up that is today announcing the successful completion of a $4 million seed fundraising as it launches a tax and compliance solution for crypto investors.
The focus of regulatory and tax authorities on crypto is growing worldwide, argues Tonmoy Shingal, CEO and co-founder of Binocs.
