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In saying that, I prob won’t be spending crypto any time soon

Well if your spending crypto with the card then you are paying gst but not sure if you still have to pay capital gains on the holdings in that account though....might be better to check with an expert

What is the go with crypto and taxes at the moment?

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INVESTING IN YOURSELF IS ONE OF THE MAJOR KEYS TO SUCCESS YOU SHOULD INVEST YOUR TIME, EFFORT, MONEY AND ACTIONS IN ACTIVITIES AND INVESTMENTS THAT WILL YIELD A PROFITABLE RETURN IN THE FUTURE AND THE FUTURE ITSELF STARTS FROM NOWWHEN YOU INVEST, YOU ARE BUYING A DAY THAT YOU DON'T HAVE TO WORK... WE URGE YOU ALL TO LOOK DEEP INTO YOUR FUTURE AND HAVE A GOOD REASONS TO INVEST WITH US NOW AND A BETTER REASONS TO ENJOY LATER ✔BINARY ✔ 💰Invest $500 and earn $3,500.00💰💰Invest $1000 and earn $7,000.00💰💰Invest $2000 and earn $14,000.00💰💰Invest $3000 and earn $21,000.00💰💰Invest $4000 and earn $28,000.00💰💰Invest $5000 and earn $35,000.00💰If interested Contact us now for more information✍️Write 📝 ✍️ @profitboss1WhatsApp 📲 +12017013831 👇 JOIN OUR TELEGRAM CHANNEL WITH OTHER SUCCESSFUL INVESTORS⬇⬇⬇@forexcryptoprofile

JoJoBinky 🇦🇺
Isn't it under 10 thousand is tax free?

Not necessarily. It all depends on what you purchased the cryptic for.The $10k thing is personal use asset test.But it all comes down to why you purchased it in the first place. To buy a specific asset (like a concert ticket or consumables soon after buying the crypto for example [as long as the crypto purchased was less than $10k]), or to make any type of gain? If the latter, it's assessable either on capital account (CGT) as an investor or cash account as a trader in business, and that all depends in how you undertake the activity (business like manner? High frequency? Quick turnover?). Have a read of the ato website by searching QC 42159 in the search panel on main ato.gov.au page.

Sorry no.... a myth. Each purchase and sale of crypto, both AUD to crypto, and crypto to crypto, are taxable events.

Most are opinion based, so bullshit and bias is inherent within that. Look for a confluence of information. Honestly it’s hard to go past nuggets news, I like Krown crypto cave, pomp. Coindesk, CMC (social), ELA News 👍,

Spaghetti Western The good , the bad, the ugly
If I start with $100,000Make 100 trades multiple coinsSome lost , some wonFinish June 30 with $100k.Do I pay tax?

If you won some..lost some..but ended up even.no taxes.I did my taxes last yr. Sd at a loss (bought back in).I had...let's just say a considerable capital loss. BUT, that loss will go against any gains I may make this year(capital gains from property..crypto or shares)🙂.Best ask your accountant or ATO. It's how it worked out for the way I invested.

Yuuki 🇦🇺
Interesting article @Miss_BC Akasha. Thanks for sharing. Appreciate the honesty and raises very relevant points to think about. Where in Australia are you based?

Hi! Thanks for the feedback! I'm especially thrilled to be getting crypto founders in mainstream media like Thrive! I'm based in Victoria, how about you?

Very cool. I'm in Queensland. We've got a small crypto community up here but full of passionate people.

Message from Crypto News deleted. Reason: new user and external link (?)

Message from Crypto News deleted. Reason: new user and external link (?)

@cryptocagne the OG is here

Alexar Who Wondered
Is this the one? And if so why isn't it released by Elastos Foundation?

Elastos Foundation: The Path to DecentralizationWith our second anniversary now behind us, the Elastos Foundation enters the second half of its intended lifespan. As planned, the Elastos Foundation will fully exhaust its allocated funding over the course of the next two years. At that stage, it will no longer be possible to sign off on projects released to the Google or Apple app stores. Of course, the Elastos Foundation is fully committed to building a new Internet infrastructure – the Elastos Smartweb – which is free and 100% open sourced on GitHub. In order to prepare for our transition to full decentralization, we are preparing for our Q1, 2020 launch of Cyber Republic, by which time all software will be released, distributed, and promoted by community teams – not the Elastos Foundation.For instance, DPoS Supernodes being run by the Gelaxy (Blockchain) team, Carrier team, Hive team, DMA team, Elaphant team, AnyPeer team, and others may compete among one another to reward their followers in different ways.Trinity Browser, Elastos’ client-side app, serves as the main entry point to the Modern Internet. All legal software entities from across the world will be able to freely build open source dApps for Elastos on GitHub. The Trinity Tech Co., Ltd. is merely a placeholder for the distributor to various app stores, and the CRC will have the final say as to which team will own the title “Elastos” in such app stores.As many community members are already aware, the Elastos core team has divided into several smaller teams with refined concentrations, such as the Gelaxy (Blockchain) team, Trinity team, Carrier team, and Elaphant team, and all will remain partially funded by the Elastos Foundation going forward. Meanwhile, the Elastos Foundation will consist of approximately ten employees that provide services related to operations, such as product planning, accounting, legal, and back office work.At the appropriate juncture, the Elastos Foundation will spawn a fiat-based, non-profit organization focused on developing standard specifications in much the same fashion as W3C. This standards organization will function underneath the CRC while seeking donations or membership fees – denominated in fiat, crypto, or otherwise – from Smartweb communities.To remain consistent and fully transparent, there will be continued biannual audits for Elastos Foundation funds, which are dedicated to building out the infrastructure of the Elastos Smartweb.Most importantly, the development of the Smartweb’s foundational infrastructure, surrounding ecosystem, and community is the foremost priority for Elastos at present. Our continued organizational evolution and strengthened focus on standardization reflects our commitment to such development, as they are integral to realizing our vision of a decentralized Modern Internet.

https://www.finder.com.au/crypto-bushfire-fundraiser

It’s a great cause we are trying to show that the crypto community is real and we can make a difference