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RE: Tax Man—get your hands off my bitcoin!

in #teamaustralia • 7 years ago

Awesome post and very relevant to all Aussies holding crypto. Now I know what you were doing in Panama! ;)

If you read the ATO literally "provided the cost of the bitcoin is $10,000 or less" you could argue that the cost of Bitcoin is currently about $4700 USD, so....no worries mate!

7 years ago in #teamaustralia by
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     7 years ago 

    Ha, yes I'd wondered about the literal value as well.

    And yes, the tax benefits is one of the reasons I moved here.

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