It's a complex scenario, I've had three meetings with my accountant about it and am no closer to a solution, or even a way forward. He is clueless because the ATO aren't giving clear, or viable, directives and are taking what seems to be a scattered approach to it.

I have a reasonably significant crypto portfolio held across multiple wallets including offline, built mainly off blogging on Hive and some trading so my initial buy-in was very small...Now with the prospect of holdings being taxed when in exchanges before realising the profits in fiat currency...well it seems a little like robbery to be honest. I have always factored in losing 50% to tax, but that's likely to be more if they're taking it before I even take it. That's like the ATO taxing my 2024 income today right?