Ato bitcoin taskforce

Crypto.com crash

Guess who wants a cut.

Crypto hearing today

ASIC has indicated that misleading or deceptive conduct in relation to crypto asset sales may include: using social media to create the appearance of greater levels of public interest; creating the appearance of greater levels of buying and selling activity for a crypto asset by engaging in or arranging for others to engage in certain trading strategies; failing to disclose appropriate information about the sale; or suggesting that the sale is a regulated product or endorsed by a regulator when it is not. Visit SmartCounsel. We advise that you contact Mathews Tax Lawyers before making any decisions. While the ATO is formulating their strategy in this area, you might want to know what liabilities you could face if you have already invested in bitcoin and its value has either risen resulting in a gain � or what will happen if it has fallen leading to a loss � following a deal.