Paolo
Sat Jun 08 2024
|
6 answers
1596
What are the laws on crypto in Australia?｜. This means investors now need to be able track each transaction-when they trade, make a purchase, gift or sell crypto-to determine if they made a capital gain or loss.In its Federal Budget 22-23 the government legislated to treat crypto as an asset, subject to capital gains tax (CGT)
Could you please elaborate on the legal framework surrounding cryptocurrencies in Australia? It's mentioned that investors are now required to monitor their transactions meticulously, whether it's trading, purchasing, gifting, or selling crypto, to ascertain if they've incurred a capital gain or loss. Additionally, the Federal Budget 2022-2023 appears to have established a legislative framework that treats crypto as an asset, subject to capital gains tax. Could you provide further insights into these regulations and their implications for crypto investors in Australia?
