Quote from: manhont on March 14, 2018, 06:21:23 AM

Quote from: Collycoin on March 14, 2018, 06:15:44 AM

Australia is a very good jurisdiction for legitimate ICOs.
The definition of securities is very narrow and does not catch most tokens.

Legitimate utility tokens (which exchange ETH for a token providing some service or utility) will likely fall under the barter exception.

The law is clear and the regulator has much less discretion than in the US.
ICOs just need to follow general laws about truthful advertising.

It is an advanced first world English speaking economy with a wealthy population and is generally crypto friendly (they changed the law to exempt cryptos from GST/VAT).

Contact me for more details (I am Australian lawyer).

Already have laws in Australia that stipulate the rules for conducting ico? and I'm still interested in the question of the tax on income from the crypto currency, are there already laws that stipulate this?

Right now the majority of the people discussing the ICO and most people are not bothering about the Taxes. This is going to be the major concern in the coming days because they want to collect huge taxes from the people who are trading cryptocurrency.