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But, they are not legal tender and not widely accepted. Australia quickly moved to integrate cryptocurrencies into existing systems, but several other countries in the region are considerably more cautious. Buying bitcoin in australia is now easier than ever, in this article, we will detail how you can purchase bitcoin (btc) and other cryptocurrencies from any state in australia. The us congress recently introduced over 30 cryptocurrency and blockchain bills. Smsfs are eligible to invest in cryptocurrency as permitted by their fund's investment strategy. Cryptocurrency is considered by the australian government to be a form of property and therefore an asset for capital gains tax purposes. Cryptocurrency exchanges and trading are legal in countries like australia, singapore and new zealand, but regulatory frameworks are still being developed. How to buy ripple in australia? If you are involved in acquiring or disposing of cryptocurrency, then it is subject to tax implications. The creation, trade and use of cryptocurrency is rapidly evolving. Is it legal to invest in cryptocurrency in australia? Cryptocurrency etfs and index funds are similar in nature to any other etf or index fund, and as a result, are becoming a choice of investors looking to break into the cryptocurrency market. Our aim is to make the process as easy as possible.
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Contrary to popular belief, you don't need to be a tech geek or finance guru to buy bitcoin.
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