What we’re about
“This is a group for anyone interested in the world of Crypto-Currencies.
This is not for financial advisers. This is a group to share views and studies about the current and the future direction of Blockchain Technology and Cryptocurrencies.
Looking forward to meeting up & hearing from like-minded early adopters.
Join the conversation in our Telegram group: https://t.me/cbc_members_gen
Upcoming events (1)
See all- Lunch, Learn&Connect(LLC) First edition: Navigating Crypto TaxesCMAG, Australian Capital Territory
Are you involved in the world of cryptocurrency? Whether you're a seasoned investor, a casual trader, or just starting, understanding the tax implications of your digital assets is crucial. Join the Canberra Blockchain Community for our first Lunch, Learn and Connect (LLC) session, where we'll demystify the complexities of cryptocurrency and taxation in Australia over delicious lunch provided by our sponsors.
This session will provide a comprehensive overview of how the Australian Taxation Office (ATO) treats cryptocurrencies and what you need to do to stay compliant.
What we will cover:
- Cryptocurrency as Property: Learn why the ATO classifies cryptocurrency as property, not currency, and what this means for your tax obligations.
- Capital Gains Tax (CGT) Events: We'll break down what constitutes a CGT event, including selling, trading, gifting, and even using your crypto to make purchases.
- The 12-Month CGT Discount: Discover how holding your crypto assets for more than 12 months can entitle you to a 50% discount on your capital gains tax.
- Reporting to the ATO: Understand your reporting obligations and how to include your cryptocurrency transactions in your annual tax return.
- The ATO is Watching: Learn about the ATO's data-matching program that gathers information from cryptocurrency exchanges to ensure tax compliance.
- A Shifting Landscape: We'll discuss the recent court ruling that could potentially reclassify Bitcoin as "Australian currency" and its potential implications for the future of crypto taxation.
- Record-Keeping Essentials: Get practical tips on the best ways to keep detailed records of all your crypto-related activities.
About our presenters:
Sam Kendall is an emerging leader at the intersection of blockchain, tax, and AI. Based in Melbourne, Sam holds a double bachelor’s degree in Accounting and Blockchain from RMIT University.At MGIDC, Sam holds a dual role as a Tax Advisor and AI Integrator. Sam specialises in crypto tax strategy, structuring, and compliance, supporting a broad range of clients in navigating the complex landscape of digital asset taxation.
Previously sitting as a Director of the Digital Economy Council of Australia (DECA) and current committee member of DECA Young Professionals, Sam continues to contribute to national conversations around blockchain regulation, policy reform, and innovation.
With years of hands-on crypto experience and a deep understanding of both technical and regulatory frameworks, Sam is passionate about making digital asset compliance more accessible, efficient, and aligned with the future of finance.
--------
Devan has over 15 years experience helping clients overcome challenges and achieve tangible outcomes both personally and professionally. With a wealth of experience in mentoring startup founders to established business owners, Devan understands the diverse qualities needed at each level to attain business success.
His approach to business is marked by a commitment to providing clients with a structured framework for annual compliance and taxation, ensuring no surprises and freeing up valuable time to address fundamental challenges. Devan's ability to articulate and address these challenges has garnered him a reputation for delivering practical solutions that drive real progress.
In addition to his work with clients, Devan leads MGIDC's Blockchain & AI Advisory division, where he actively engages with emerging technologies and advises on blockchain and AI-related initiatives. His expertise in this area further expands his capacity to deliver innovative solutions and stay at the forefront of industry developments.
With a passion for driving meaningful change and a track record of success, Devan is a trusted advisor sought after for his strategic insights and ability to deliver results. Connect with him today to discover how he can support your goals and initiatives.
This is a fantastic opportunity to network with fellow blockchain enthusiasts, learn from experts in the field, and get your pressing questions answered. We look forward to seeing you there!
We will also have an online event where you can listen in and ask questions. Register here: https://lu.ma/46onah1t
