This presentation is not intended to be a comprehensive guide to the taxation issues relating to digital assets. The law impacting on the use of blockchain technology, cryptocurrency and other digital assets continues to develop with the evolving nature of the underlying technology. It aims to provide a background on the development of cryptocurrency and digital assets, an insight into the basics of blockchain technology and an overview of the taxation and regulation of cryptocurrency and digital assets in Australia.
At the time of preparing the presentation, the Board of Taxation had not published a report in relation to the Review of the Tax Treatment of Digital Assets and Transactions which was originally due to be finalised by the end of 2022 and as such, only takes into consideration guidance available at the time.
The views expressed are those of the author, not EY, and should not be construed as the provision of taxation or financial advice.