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Bitcoin Cointelegraph

Aussie federal budget reaffirms BTC won’t be treated as foreign currency

The new federal budget states that Bitcoin will fall under the “current tax treatment of digital currencies, including the capital gains tax treatment, where they are held as an investment.”

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Aussie federal budget reaffirms BTC won’t be treated as foreign currency

The new federal budget states that Bitcoin will fall under the “current tax treatment of digital currencies, including the capital gains tax treatment, where they are held as an investment.”

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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