- Tax software platform CoinLedger unlocks convenient tax reporting on Cardano.
- Cardano community members are skeptical about possible centralization risks.
- The price of ADA spikes to a three-month high following the announcement.
The Cardano (ADA) community is notorious for participating in conversations on Twitter concerning the growth of the ecosystem. In its latest escapade, the community converses about a recent announcement by CoinLedger.
On March 31st, 2023, tax software platform CoinLedger reveals that automatic tax reporting for Cardano is now live.
The majority of the feedback from the community appears to be skeptical. However, the price of ADA reflects a contrasting and optimistic sentiment from the Cardano community.
Tax Reporting on Cardano
CoinLedger now imports Cardano-based transactions, calculates gains and losses, and auto-generates tax forms per national requirements.
The CoinLedger development…
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