Making crypto work for you, and the Australian Tax Office
Key points
- Cryptocurrency transactions are subject to taxation, it is important that you understand the rules to stay compliant.
- The Australian Tax Office (ATO) and global regulators are increasingly focusing on crypto, leveraging blockchain data and monitoring transactions.
- The article provides an overview of various taxation considerations around crypto, including capital gains tax, income tax, and the importance of record-keeping.
No longer just for tech enthusiasts, crypto is now a hot topic in the media and even at the weekend barbeque.
As crypto becomes more mainstream, the ATO and global regulators are sharpening their focus, leveraging blockchain data, seeking data from exchanges and monitoring cash transfers as the…
