The ATO and your Crypto
The popularity of investing in cryptocurrencies has taken off over the last few years and whether you dabble in a little Bitcoin on the side or you’re a serious investor doing day trading of leveraged perpetual positions, there are likely tax consequences. The question is, do you know what those tax implications are? At the most simplistic level, as soon as you exchange Australian dollars (fiat currency) for a cryptocurrency (eg Bitcoin, Solana, Ripple) you are ‘purchasing’ an asset. After...
