Australia articles

It is tax season again and the ATO just started sending out 350,000 letters warning people about their crypto tax obligations. A lot of people are confused about what is going on and whether or not they have crypto taxes due.

Updated 2022 – CryptoTrader.Tax has rebranded to Coinledger.io Cryptocurrency traders need to pay taxes for capital gain according to the latest regulations issued by the ATO (Australian Tax Office). The tax authority is planning to create a task force specifically for fighting crypto tax evasion.

The Australian government is currently considering a bill that would restrict cash purchases to under AU$10,000. Many are calling the bill, targeting the black economy, a use case for cryptocurrencies. So, what does the bill say, and what does it mean for crypto?

To commemorate ten years of cryptocurrency, the Reserve Bank of Australia has published a paper titled Cryptocurrency: Ten Years On. Authors of the paper are Cameron Dark, June Ma, and Clare Noon of the Australian Reserve Bank’s Payment’s Policy Department.

If you’ve been trading cryptocurrency recently, it’s time to start thinking about how it will affect your tax return. This is even more important now that the Australian Taxation Office (ATO) has declared that they will specifically target crypto traders.

Australia is a great place to visit if you want to pay with cryptocurrencies. More and more businesses put a Bitcoin accepted here sign on their shop windows. And Aussies are increasingly familiar with the crypto world and blockchain technology. However, despite the regulation in the industry, Australian banks do not share this enthusiasm.

A house in Australia is going up for auction next month. There’s nothing surprising about that except for the payment method. The auctioneer will be calling the bids in cryptocurrency. It’s a world-first in real estate, according to auctioneer James Pratt.

Bitcoin owners have more and more options for spending the cryptocurrency in their wallets. From the first pizza bought with Bitcoin to the wide range of products and services you can pay for with crypto, we’ve come a long way. And right now there is one more type of product you can buy with digital […]

The Australian Transaction Reports and Analysis Centre (AUSTRAC) is testing a system that automates funds transfer instructions that runs on blockchain. The financial intelligence agency is collaborating with Swinburne University of Technology on this experiment that will run for 12 months. If it proves to be successful, it will speed up fund transfers issued by […]