Cryptocurrency is generally used to describe a digital asset and are a form of electronic money. They do not physically exist as coins or notes.

A cryptocurrency unit, such as a bitcoin or ether, is a digital token created from code using an encrypted string of data blocks, known as a blockchain. There are usually only a fixed number of digital currency tokens available.

Once created, these cryptocurrencies can then be bought and sold often by investors.

ATO take the view that Bitcoin and other cryptocurrenc