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Cryptocurrency Cointelegraph

Australia to impose capital gains tax on wrapped cryptocurrency tokens

Delivering a major hit to Australian crypto investors, the ATO stated that wrapping or unwrapping tokens — irrespective of their price at the time — will be subject to capital gains tax.

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Market signal

Archive context

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

Australia to impose capital gains tax on wrapped cryptocurrency tokens

Delivering a major hit to Australian crypto investors, the ATO stated that wrapping or unwrapping tokens — irrespective of their price at the time — will be subject to capital gains tax.

Why this matters

This cryptocurrency 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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