Binance Australia Offers Tax Tips for Crypto Traders Amid Regulatory Uncertainty

• Bill Morgan has criticized ASIC for not passing any meaningful crypto regulation.
• Morgan likened the Australian situation to that of the U.S.
• Australian crypto traders can access capital gains discounts under specific conditions.

Pro-XRP lawyer Bill Morgan has joined the chorus of criticism against regulatory bodies, suggesting that both the Australian Securities and Investments Commission (ASIC) and the U.S. Securities and Exchange Commission (SEC) are failing to establish clear guidelines for the cryptocurrency industry.

However, the lawyer acknowledged ASIC for not pursuing the “madness of endless regulation by enforcement.”

The US shouldn’t feel alone. Australia under its current government is doing its part not to pass any meaningful crypto regulation too, however at least our regulator, ASIC, is not perusing the madness of endless regulation by enforcement of the SEC. https://t.co/hI1GTlo968

— bill morgan (@Belisarius2020) July 5, 2024

Morgan’s post responded to comments by Ripple’s Chief Legal Officer (CLO) Stuart Alderoty, who commended the Point Zero Forum for its recent event in Zurich, Switzerland. In a separate post on X, Alderoty highlig…

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