Australian court ruling could lead to $640M in Bitcoin tax refunds

A court decision in Australia could open the door to as much as $640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated as money rather than a taxable asset. On May 19, the Australian Financial Review (AFR) reported that the decision arose within a criminal case involving federal police officer William Wheatley, who allegedly stole 81.6 Bitcoin BTC BTC - $108855.419 in 2019.

Source: cointelegraph.com

Related symbols: BTCUSD

2025-05-19 11:57:02 GMT.

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Price & Market Data

Price: $108855.419

Volume 24h: $51,998,557,349.91

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Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,869,225. The last known price of Bitcoin is 108,856.99036676 USD and is down -0.44 over the last 24 hours. It is currently trading on 12185 active market(s) with $52,514,449,424.47 traded over the last 24 hours. More information can be found at https://bitcoin.org/.