Tax on Crypto in Australia

It looks like the Australian government has taken the first step to try to work out how to get their cut in the crypto boom. The below article explains how the ATO is putting together a task force to 'follow the money' of crypto transactions. I think they have a lot of work to do, starting with developing an official position on how to allow Australians to trade crypto and pay tax fairly, given the current position is that bitcoin and other cryptos are 'Neither money nor a foreign currency'. This however might be the start of them developing some better guidelines to follow.

http://www.afr.com/news/policy/tax/ato-creates-specialist-task-force-to-tackle-cryptocurrency-tax-evasion-20180109-h0fyaz?&utm_source=twitter&utm_medium=social&utm_campaign=nc&eid=socialn:twi-14omn0055-optim-nnn:nonpaid-27/06/2014-social_traffic-all-organicpost-nnn-afr-o&campaign_code=nocode&promote_channel=social_twitter