I think stable coins should be viewed as money but I honestly can't complain too much. In Aus earning crypto is classed as income and taxed at the income rate.
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I think stable coins should be viewed as money but I honestly can't complain too much. In Aus earning crypto is classed as income and taxed at the income rate.
Taxes are a different situation. Earning is always taxed as income. As for gains on trading, any FOREX trader knows that currency swapping is a taxable event.
So I dont not think the taxing policy reflects the idea of money or not. Governments are going to tax anything they can so we have to come to expect that.
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