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Australia’s Tax Office is Using a ‘100-Point’ Check System to Chase Crypto Traders

The Australian Tax Office (ATO) has cast a wide net to investigate crypto investors after classifying cryptocurrencies like bitcoin as ‘assets’ liable for capital gains taxes. Earlier this year, the ATO published its guidance on the tax treatment of cryptocurrencies. Highlighting bitcoin as an example, the authority said it viewed cryptocurrencies as neither money nor

The post Australia’s Tax Office is Using a ‘100-Point’ Check System to Chase Crypto Traders appeared first on CCN

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