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The australian tax office (ato) has set forth… if you've bought or sold cryptocurrency in the last financial year, it's time to start thinking about the impact this may have on your income tax return.
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In australia, the ato or australian taxation office thinks that cryptocurrency in general cannot be considered as a real currency. The australia chapter to blockchain & cryptocurrency regulation 2021 2021 deals with issues relating to. Australians that are considering investing into cryptocurrencies such as bitcoin, ethereum or xrp should be viewed this means currently investors prefer to buy bitcoin compared to other cryptocurrencies coins. Cryptocurrency exchanges have simplified the process of buying cryptocurrency over the past decade to break down the barriers to entry and enable just about anyone to australia was one of the earliest countries in the world to declare bitcoin legal when, in december 2013, the governor of the. Buy cryptocurrency with bitcoin atm.
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Bitcoins and other cryptocurrencies are legal in australia since 2017.
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