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RE: Tax Time With CryptoCurrency In Australia
Basically, can I assume that crypto is recognised by the Australian Government as legal tender?
Basically, can I assume that crypto is recognised by the Australian Government as legal tender?
They are treating it as a currency for tax purposes. I don't think technically it can be called legal tender. The government is still scrambling to work out the laws to define and regulate it. Fintech is advancing much faster than lawmakers can pass laws.