Cryptocurrency Compendium A Reference For Digital Currencies Pdf

Cryptocurrency compendium a reference for digital currencies pdf

Digital currency exchanges have l be subject to registration and regulation in the country since mid-2018, after amendments to the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006.

Australia’s primary financial regulator, the Australian Securities and Investments Commission (ASIC), does not regulate ‘ICOs’ in principle, but digital assets could be regulated as ‘financial products’ or financial services’ under Australia’s existing financial services regulatory regime.

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To date, there has not yet been a regulated financial product ICO in Australia.

Digital currency transactions are no longer subject to goods and services taxes (GST) but remain subject to incomes and capital gains taxes.