Crikey! The Australian Tax Office Cracks Down on Crypto

[kreslik.news]

According to a recent report from the Australian Financial Review, the Australia Australian Tax Office is working with a ‘top team of industry specialists’ to learn more about the basics and practicalities of how cryptocurrency and blockchain operate in order to better understand how to go about tracking and taxing gains made through crypto.

A spokesperson for the ATO told the AFR that the effort to build a more concrete legal framework for taxing gains made through cryptocurrencies is also coming from crypto users: “We are consulting with key stakeholders who have expressed an interest in tax issues ... (read more)