The ATO has encountered difficulties in explaining ambiguous elements of its recent guidance, implying that capital gains tax (CGT) applies to various routine decentralised finance transactions.Continue Reading

The Australian Taxation Office (ATO) has announced that people involved in wrapping or unwrapping cryptocurrency tokens will face capital gains tax (CGT). This tax will be imposed regardless of the tokens’ market value during the wrapping or unwrapping. Essentially, any gains or losses arising from these transactions will now be subject to taxation by the...Continue Reading