đ° Labor’s crypto moment â Capital Brief
Laborâs controversial tax plan for superannuation accounts over $3 million has not only faced backlash from Australiaâs VCs but parts of the cryptocurrency industry too.
The plan, which includes doubling the tax rate and taxing unrealised capital gains, is being taken as an ominous sign about the governmentâs approach to crypto, says Magnet Capital co-chief investment officer Egor Sidelska, as it suggests the government is not eager to encourage ârisk-adjusted betsâ.
