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Carisma Solutions Blog » Cryptocurrency

Taxability of Bitcoins
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ATO’s view of Bitcoin  The ATO view is that Bitcoin is neither money nor a foreign currency.  Transactions through Bitcoins are more likely a barter arrangement with the same tax consequences.  However, Bitcoin is an asset for CGT purposes.   Bitcoin for Personal Transactions < ...
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Cryptocurrencies are also called decentralized currencies because central financial authorities like banks are not involved in the transactions carried out by users. In order to prevent people from misusing these currencies, a few security systems are in place and these systems are what we will talk ...
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Cryptocurrencies are digital currencies that we can use to buy goods and services that accept that currency as a form of payment. For example, if someone says they accept digital currency as payment then you use this currency to buy whatever you want.Since the real-world currencies themselves are of ...
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