Australia’s Tax Office Delays Decision on Bitcoin

Australia’s Tax Office Delays Decision on Bitcoin

Back in April, the CoinTelegraph reported on Australia’s Tax Office (ATO) gearing up to meet with head figures of the Bitcoin industry, accounting and tax experts to issue a ruling on digital currencies in the country that was expected to be delivered on June 30. With the deadline here, the ATO now reports that it has delayed the much anticipated ruling until further notice, essentially leaving the fate of the country’s thriving Bitcoin economy “in limbo.” Many had hoped that some possible tax guidance would be released with the decision before the end of the fiscal year. Apparently, the....


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