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Australia: Cryptocurrency trading to be scrutinized by island nation’s Taxation Authority

Australia: Cryptocurrency trading to be scrutinized by island nation’s Taxation Authority – AMBCrypto

Cryptocurrencies serve a multitude of purposes, one of the main ones, according to their ardent proponents, is their ability to evade the clutches of the taxation authorities. However, this might not be the case in Australia, with the island country’s taxation authority taking a more stringent approach towards decentralized currencies.