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Digital asset exchanges are registered with austrac and fully compliant with all. Therefore cryptocurrencies are subject to capital gains tax (cgt) instead of goods and services. Bitcoins and other cryptocurrencies are legal in australia since 2017. Does the government classify cryptocurrency as investment or income? Learn how the ato treats cryptocurrencies in australia and cut through the confusion about declaring your crypto holdings with our straightforward guide.
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The legal bill ended the practice of taxing the purchase of bitcoin and other cryptocurrencies according.
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Australia is one of the initial players in the field and many of its people continue to join the controversial surge.
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Cryptocurrency mining is legal in australia as long as you use your own resources such as electricity and processing power.
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