Question: a)What is Cryptocurrency and how does it work? b)How is Cryptocurrency taxed within Australia at the moment? c)What are revenue authorities doing going forward to

a)What is Cryptocurrency and how does it work?

b)How is Cryptocurrency taxed within Australia at the moment?

c)What are revenue authorities doing going forward to ensure that it is correctly taxed within their own countries?

d)What is your opinion of the measures being taken by the tax authorities to ensure that they catch all the taxpayers partaking in the cryptocurrency world, will it be successful or will it be difficult to police? This area is based about your opinion so you need to ensure that you give us your own personal views of the topic and not a summary of the articles you have collected in part one of the assessment task.

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