An Australia judge has ruled that Bitcoin is currency rather than an asset, and may be exempted from capital gains tax

Crypto 7x24

2025-05-19 20:19:48

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Online reports, according to Bitcoin News, an Australia judge ruled that Bitcoin is a form of money rather than an asset, a ruling that may exempt Bitcoin transactions from capital gains tax. If the ruling is upheld, it could result in tax refunds of up to US$1 billion and revolutionize the way the Australia Taxation Office currently taxes cryptocurrencies.

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