Australian tax office (ATO) is after crypto holders


ATO is in the hunt of Australian taxpayers who are holding or investing in bitcoin and other crypto-currencies which include investors who have gained/bought bitcoin back in 2014 when there was no rule regarding how crypto gain should be taxed.

One Melbourne based lawyer got quite popular back in 2017 when his $600 worth of bitcoin which he have bought back in 2014 became $7 million. He and hundreds or thousands of individual as well as members of self-managed superannuation funds will be forced to provide all information of their total crypto holding and how they obtained them at current end of financial year.


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