Australian crypto investors must report profits or face penalties for tax evasion, government official says

Australian crypto investors must report their profits to the Australian Tax Office or risk penalties for tax evasion, assistant commissioner Tim Loh told news.com.au. Crypto is classed by the ATO as an asset, not a currency, and so is taxable - something many investors are unaware of, he said.
Australian crypto investors must report profits or face penalties for tax evasion, government official says