Alan Tsen

If you’ve been paying attention to bitcoin news over the last few weeks, you would have heard about the release of the draft New York ‘bitLicense’ regulations. These proposed regulations have been met with a great deal of animosity from some portions of the bitcoin community.

Earlier today the Australian Taxation Office (ATO) released its much anticipated guidance on the [taxation treatment of bitcoin](https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/). Along with the guidance paper they released a slew of draft rulings.