Post by: newshunter on November 15, 2023, 07:00:40 AM
Delivering a major hit to Australian crypto investors, the ATO stated that wrapping or unwrapping tokens — irrespective of their price at the time — will be subject to capital gains tax.
Source: Australia to impose capital gains tax on wrapped cryptocurrency tokens (https://cointelegraph.com/news/australia-capital-gains-tax-wrapped-cryptocurrency-tokens)
Would appreciate your opinion about this