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Tax and superannuation| 23 Jun 2020
Deputy President Bernard J McCabe of the Administrative Appeals Tribunal has confirmed that bitcoin is not foreign currency for the purposes of Division 775 of the Income Tax Assessment Act 1997 (1997 Act). This decision affirms the views that we, and others, have ...
Blockchain, cryptocurrency, initial coin offerings and security token offerings| 28 Jan 2020
Ethereum’s functionality and success has come as a double edged sword. Its popularity with businesses using blockchain solutions has resulted in a massive uptake, which has in turn led to scalability issues. In fact, Joseph Lubin, the co-founder of ...
Tax| 28 Nov 2018
For various reasons, those who regularly transact and trade in cryptocurrency will often use exchanges that are based offshore. Importantly, these exchanges will rarely quote the value of cryptocurrency in Australian dollars.
Tax| 20 Nov 2018
For many who are investing or trading in cryptocurrencies, one of the biggest headaches is recording and accounting for all of your transactions.
Tax| 13 Nov 2018
Most cryptocurrency transactions will involve the exchange of one cryptocurrency for another cryptocurrency (‘crypto-to-crypto’).