Re: Australian Watchdog Will Monitor Crypto Exchanges, ICOs Under Market Rules
This is really nice news and such initiatives by the Australian government proves that they are interested in this market and so they have taken initiative which will increase the security and the investors will be more tension free. Such initiative is needed by all.
Not a nice, in reality all they want is to track crypto payments and gain as much control as possible. Some people may like it, some may not, especially those ones who want to protect their privacy.Also some people here say that crypto needs laws, you have fiat for that, crypto was creates to be witout laws and regulations.
They're probably also monitoring crypto so that the ATO (Australian tax office) can get a chunk of everyones profits.
The current ATO rules regarding BTC and other crypto investments/trading are more than a little confusing and I have my doubts that many Australians declare their holdings anyway
