{"id":46823,"date":"2021-07-28T12:11:34","date_gmt":"2021-07-28T09:11:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46823"},"modified":"2025-09-01T18:22:41","modified_gmt":"2025-09-01T15:22:41","slug":"binance-launches-api-for-clients-tax-reporting","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-launches-api-for-clients-tax-reporting\/","title":{"rendered":"Binance launches API for clients\u2019 tax reporting"},"content":{"rendered":"<p>The cryptocurrency exchange Binance has launched a new <span data-descr=\\\"application programming interface\\\" class=\\\"old_tooltip\\\">API<\/span>, allowing clients to track their crypto-asset transactions to comply with tax obligations.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Introducing <a href=\\\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Binance<\/a> Tax Reporting Tool API!<\/p>\n<p>Track crypto activities and connect to third-party tax vendors to streamline reporting requirements.<a href=\\\"https:\/\/t.co\/GyHSEVArc1\\\">https:\/\/t.co\/GyHSEVArc1<\/a><\/p>\n<p>\u2014 Binance (@binance) <a href=\\\"https:\/\/twitter.com\/binance\/status\/1420049645619777537?ref_src=twsrc%5Etfw\\\">July 27, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The API Tax Reporting Tool transmits the user&#8217;s transaction history, as well as data on capital gains and losses to third-party solutions providers to optimize tax reporting, such as Koinly and BearTax. The latter have read-only access to this information.<\/p>\n<p>The tool retrieves data dynamically and allows statements for a period exceeding one year. Manually, a user can extract information for three months.<\/p>\n<p>To use the new capability, a client must create an API entry in the \\&#8221;Manage API\\&#8221; menu. After that, they will receive two keys that must be passed to the application supporting this API.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"454\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/da747b318dd367cb3e5aab51580fa475-1024x454.png\\\" alt=\\\"Binance launches API for clients' tax reporting\\\" class=\\\"wp-image-143964\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/da747b318dd367cb3e5aab51580fa475-1024w.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/da747b318dd367cb3e5aab51580fa475-300x133.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/da747b318dd367cb3e5aab51580fa475-768x341.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/da747b318dd367cb3e5aab51580fa475.png 1192w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: Binance.<\/figcaption><\/figure>\n<p>Each client can create only one API for transmitting tax information.<\/p>\n<p>Binance chief Changpeng Zhao noted that the company is actively hiring senior executives with experience in regulation and compliance.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">More to come. Stay tuned. <\/p>\n<p>Binance is ready to assist regulators from around the world and together find the optimal way to set a fair playing field \u2014 consumer protection is important to all of us. We want to create a sustainable ecosystem around blockchain technology.<\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\\\"https:\/\/twitter.com\/cz_binance\/status\/1420056991922151424?ref_src=twsrc%5Etfw\\\">July 27, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u00abBinance \u0433\u043e\u0442\u043e\u0432\u0430 \u0441\u043e\u0442\u0440\u0443\u0434\u043d\u0438\u0447\u0430\u0442\u044c \u0441 \u0440\u0435\u0433\u0443\u043b\u044f\u0442\u043e\u0440\u0430\u043c\u0438 \u043f\u043e \u0432\u0441\u0435\u043c\u0443 \u043c\u0438\u0440\u0443 \u0438 \u0432\u043c\u0435\u0441\u0442\u0435 \u0438\u0441\u043a\u0430\u0442\u044c \u043e\u043f\u0442\u0438\u043c\u0430\u043b\u044c\u043d\u044b\u0439 \u0441\u043f\u043e\u0441\u043e\u0431 \u0441\u043e\u0437\u0434\u0430\u043d\u0438\u044f \u0441\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u043e\u0433\u043e \u0440\u044b\u043d\u043a\u0430 \u2014 \u0437\u0430\u0449\u0438\u0442\u0430 \u043f\u0440\u0430\u0432 \u043f\u043e\u0442\u0440\u0435\u0431\u0438\u0442\u0435\u043b\u0435\u0439 \u0432\u0430\u0436\u043d\u0430 \u0434\u043b\u044f \u0432\u0441\u0435\u0445 \u043d\u0430\u0441. \u041c\u044b \u0445\u043e\u0442\u0438\u043c \u0441\u043e\u0437\u0434\u0430\u0442\u044c \u0443\u0441\u0442\u043e\u0439\u0447\u0438\u0432\u0443\u044e \u044d\u043a\u043e\u0441\u0438\u0441\u0442\u0435\u043c\u0443 \u0432\u043e\u043a\u0440\u0443\u0433 \u0442\u0435\u0445\u043d\u043e\u043b\u043e\u0433\u0438\u0438 \u0431\u043b\u043e\u043a\u0447\u0435\u0439\u043d\u00bb, \u2014 \u043d\u0430\u043f\u0438\u0441\u0430\u043b \u0427\u0436\u0430\u043e.<\/p>\n<\/blockquote>\n<p>Earlier, the UK&#8217;s Financial Conduct Authority <a href=\"https:\/\/u1f987.com\/en\/news\/uk-regulator-bans-binance-from-operating-in-the-country\">prohibited Binance Markets Limited<\/a> from any regulated activity in the country without prior written approval.<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/cayman-islands-regulator-launches-probe-into-binance\">The Cayman Islands<\/a> began a review of the exchange&#8217;s operations, <a href=\"https:\/\/u1f987.com\/en\/news\/thailand-accuses-binance-of-operating-without-a-license\">Thailand<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/hong-kong-regulator-warns-binance-group-entities-are-operating-without-a-licence\">Hong Kong<\/a> accused the company of unlicensed activity, and <a href=\"https:\/\/u1f987.com\/en\/news\/japanese-regulator-issues-another-warning-to-binance\">Japan<\/a> issued another warning.<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/polish-regulator-urges-caution-in-using-binance-services\">Polish regulators<\/a> urged caution when using Binance&#8217;s services. <a href=\"https:\/\/u1f987.com\/en\/news\/italy-and-malta-warn-consumers-about-unregulated-binance-activity\">Italy and Malta<\/a> warned consumers about the company&#8217;s unregulated activities.<\/p>\n<p>Against the backdrop of regulatory pressure Zhao published a letter detailing the exchange&#8217;s plans for <a href=\"https:\/\/u1f987.com\/en\/news\/changpeng-zhao-outlines-binances-push-to-protect-customers-and-ensure-compliance\">protecting customers and ensuring compliance<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Binance has launched a new API that enables clients to track their crypto-asset transactions to fulfill tax obligations.<\/p>\n","protected":false},"author":1,"featured_media":46824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1166,558],"class_list":["post-46823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-centralized-exchanges-cex","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=46823"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46823\/revisions"}],"predecessor-version":[{"id":46825,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46823\/revisions\/46825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/46824"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=46823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=46823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=46823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}