An Australian judge has ruled that bitcoin is a currency rather than an asset, potentially exempting it from capital gains tax
2025-05-19 11:56:30
According to Bitcoin News, an Australian judge has ruled that bitcoin is a form of currency rather than an asset, a ruling that could exempt bitcoin transactions from capital gains tax. If upheld, the ruling could result in a refund of up to $1 billion and revolutionize the way the Australian Taxation Office currently taxes cryptocurrencies.
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