Cryptocurrency
Are NFTs taxable in Australia?
- January 16, 2023 06:03 PM AEDT | Ankit Sethi

287 In some countries, the tax implications of crypto assets is a hazy subject, but not in Australia. Assets, including NFTs, attract a CGT levy, and the ATO mandates proper record-keeping.
Can you withdraw cryptocurrency in Australia?
- January 13, 2023 02:44 PM AEDT
- Ankit Sethi

Are NFTs taxable in Australia?
- January 16, 2023 06:03 PM AEDT | Ankit Sethi
In some countries, the tax implications of crypto assets is a hazy subject, but not in Australia. Assets, including NFTs, attract a CGT levy, and the ATO mandates proper record-keeping.
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Can you withdraw cryptocurrency in Australia?
- January 13, 2023 02:44 PM AEDT | Ankit Sethi
Cryptocurrency assets can be liquidated in Australia using intermediaries’ services like an exchange or an ATM provider.
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Are NFTs available in Australia?
- January 12, 2023 01:42 PM AEDT | Ankit Sethi
NFT assets are available in Australia, but there is a possibility that a particular asset like CryptoPunks might not be listed on all exchanges.
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Who invented Bitcoin and why?
- January 11, 2023 04:55 PM AEDT | Ankit Sethi
Invented by Satoshi Nakamoto, the purpose of Bitcoin was to be developed as an ‘electronic cash system’
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Is Dogecoin available in Australia?
- January 10, 2023 06:22 PM AEDT | Ankit Sethi
Dogecoin, considered the world’s first joke or meme crypto, is available in Australia.
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Is there a legal way to avoid tax on cryptocurrencies in Australia?
- January 09, 2023 03:18 PM AEDT | Ankit Sethi
Tax is due when a CGT event arises. CGT is not levied when donating a crypto asset to a DGR.
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Is it possible for Bitcoin to drop to zero?
- January 06, 2023 06:33 PM AEDT | Ankit Sethi
Bitcoin essentially derives value from backers who continue to believe that the cryptocurrency can one day find broader utility. Any severe blow to this belief can trigger heavy losses in value.
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Crypto winter of 2022 and the road ahead
- January 06, 2023 10:52 AM AEDT | Ankit Sethi
There are speculations that Bitcoin and altcoins might bounce back and fears that values may drop even further given the atmosphere of high interest rates.
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Can Bitcoin work offline?
- January 05, 2023 02:15 PM AEDT | Ankit Sethi
For now, no Bitcoin transfers can be made without recording changes in the underlying blockchain network, for which internet connectivity is a must.
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How do stablecoins like Tether make money?
- January 04, 2023 03:58 PM AEDT | Ankit Sethi
Some say, Bitcoin could be a not-for-profit currency system, which exists only to provide a blockchain-supported digital currency to people.
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