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Australia Tightens Crypto Rules: New Tax Policies and ATM Withdrawal Caps Kick In July 2025
Australia Tightens Crypto Rules: New Tax Policies and ATM Withdrawal Caps Kick In July 2025
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Down Under's digital asset landscape is about to get tougher—just as Bitcoin flirts with new highs. Starting next month, Aussie crypto traders face a double whammy: revised tax reporting requirements and hard limits on anonymous ATM withdrawals.
The changes come as global regulators scramble to control what they can't quite comprehend. 'Innovation stifles best when bureaucrats feel useful,' quipped one Sydney-based trader while moving funds to a privacy coin.
Tax offices now demand granular transaction records, while cash withdrawals over $1,000 AUD require ID—a move that somehow still won't stop your uncle from buying shitcoins at family gatherings.
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