‘Wild West’ of Crypto Readies for Tax Laws

‘Wild West’ of Crypto Readies for Tax Laws
A cryptocurrency ATM is seen here in a Miami convenience store on May 12, 2022. Joe Raedle/Getty Images
AAP
By AAP
Updated:

The “wild west” of cryptocurrency is starting to gain the acceptance and understanding of lawmakers.

Robert Francis, managing director at trading platform eToro Australia, said the explicit acknowledgement of crypto in the Australian federal budget was a first, with new tax laws to be introduced to parliament.