With the help of Crypto Kanoon’s clientele, KoinX hopes to provide information to Indian investors and future clients.
An announcement on the acquisition of Crypto Kanoon, a platform for acquiring knowledge about cryptocurrency laws, was made by KoinX, a platform for cryptocurrency taxes. By acquiring Crypto Kanoon, KoinX hopes to educate Indian investors and potential clients about cryptocurrency taxes and to gain access to its allegedly more than 120,000 social media followers.
As India is anticipated to move toward a regulated environment for digital assets, Punit Agarwal, founder and CEO of KoinX, claims that the acquisition will aid the platform in gaining access to community members who are also potential customers and are looking for legal and cryptocurrency tax questions to be resolved.
“We are excited to see Crypto Kanoon in the KoinX team’s hands. Through Crypto Kanoon, we hope to easily and plainly explain regulatory changes. The KoinX purchase, which is anticipated to benefit the Indian cryptocurrency ecosystem, will allow us to see its next stage, according to Crypto Kanoon co-founder Kashif Raza.
According to KoinX, it is a platform for automating cryptocurrency taxes that was introduced in 2022 by Punit Agarwal. It allows cryptocurrency investors to do this by combining their transactions and portfolios into a single platform with centralized dashboards. The website states that it is presently connected with six Indian cryptocurrency exchanges, allowing investors to combine them and compute taxes all at once.
According to the website for Crypto Kanoon, a platform in the cryptocurrency community that helped to educate people about cryptocurrencies, blockchain, and cryptocurrency taxes, it was launched in 2018 by persons including Kashif Raza and Mohammad Danish. Since its creation, it has sought to develop into a platform for cryptocurrency news and commentary on Twitter and YouTube, with a following that includes C-suite executives and industry professionals from exchanges like Binance and BitFinex.
