TaxBit nets strategic investment from Haun Ventures

TaxBit is its latest strategic investment, which comes in the wake of a considerable uptick in regulatory scrutiny around crypto tax reporting. A provision in last year'sexpanded the definition of"broker" to cryptocurrency network participants, meaning more tax standardization for crypto firms is on the table for next tax season. TaxBit provides software to help accountants and investors compliantly meet these tax burdens.

"The Haun Ventures team shares TaxBit's vision of working with regulators to propel responsible regulation that enables digital asset adoption at scale," said TaxBit founder and CEO Austin Woodward in the announcement.

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