Kalkine: How do cryptocurrencies function in Australia?

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Kalkine: How do cryptocurrencies function in Australia?

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In Australia, Bitcoin or any other cryptocurrency is not recognised as money. But this does not mean the government and/or regulators have not addressed the subject matter. In an explanation on its website, the Australian Taxation Office clearly states that cryptos are capital gains tax assets. Now, the latest October Budget shines a light on the subject. 

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