Australia is seeking public comment on legislation to tax cryptocurrencies

According to BlockBeats, on September 6, the Australian Treasury issued a "Clarification on the Non-taxation of cryptocurrencies as foreign currencies", seeking public comment on the draft legislation related to the tax exemption of foreign currencies for bitcoin and other cryptocurrencies. For 25 days from September 6 to September 30, the public can share their views on the proposed legislation which, if signed into law, would amend the existing definition of digital currency in the Goods and Services Tax (GST) Bill - effectively excluding crypto assets from the definition of foreign currency, But the legislation would not affect capital gains taxes on cryptocurrencies held as investments.