Binance launches tax filing tool “Binance Tax” to help users pay taxes

According to media reports, Binance announced the launch of a tax filing tool to help users track their crypto transactions for tax filing purposes. Binance Tax allows its users to download a tax summary report that includes any gains or losses incurred by their Binance account throughout the year. This includes spot trading, crypto donations, and blockchain-based fork rewards. Binance Tax is currently in a pilot phase in France and Canada and will expand to other global markets in the Binance ecosystem later this year.