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Cryptocurrency tax calculator launched in US

WASHINGTON: Cryptocurrency startup Coinbase has launched a new calculating tool as part of an effort to help its user to keep up with US tax requirements. In a blog post published on Tuesday, the firm explained that the calculator can be used to generate a report which outlines their capital gains (or losses) on its platform, using a first-in-first-out (FIFO) accounting method. The tool comes with a few caveats, however, namely that it's primarily aimed at users who have bought and sold on Coinbase exclusively - and…