An important warning for any looking to borrow against their Bitcoin! Considers the ATO's (🤮) interpretation, which is illustrated with an example here:
https://www.ato.gov.au/individuals-and-families/investments-and-assets/crypto-asset-investments/decentralised-finance-and-wrapping-crypto#ato-LendingandborrowingwithDeFi
David Pinkerton
npub1jz…aaju6
2025-06-01 01:22:47 UTC
in reply to naddr1qq…9k32
Author Public Key
npub1jz0rlhp9ngs3at2kfhzcnc62sxh0y9rxt40x3z003wmdguljky9quaaju6Seen on
wss://relay.damus.ioPublished at
2025-06-01 01:22:47 UTCEvent JSON
{
"id": "888ab0b2735989ee03230594661c6c46c762e180d751af1c745f6410227525d4",
"pubkey": "909e3fdc259a211ead564dc589e34a81aef214665d5e6889ef8bb6d473f2b10a",
"created_at": 1748740967,
"kind": 1,
"tags": [
[
"p",
"9b12847f3d28bf8850ebc03f8d495a1ae8f9a2c86dbda295c90556619a3ee831"
],
[
"a",
"30023:9b12847f3d28bf8850ebc03f8d495a1ae8f9a2c86dbda295c90556619a3ee831:beware-the-cgt-loan-trap",
"",
"root"
],
[
"r",
"https://www.ato.gov.au/individuals-and-families/investments-and-assets/crypto-asset-investments/decentralised-finance-and-wrapping-crypto#ato-LendingandborrowingwithDeFi"
]
],
"content": "An important warning for any looking to borrow against their Bitcoin! Considers the ATO's (🤮) interpretation, which is illustrated with an example here:\nhttps://www.ato.gov.au/individuals-and-families/investments-and-assets/crypto-asset-investments/decentralised-finance-and-wrapping-crypto#ato-LendingandborrowingwithDeFi",
"sig": "49a2b8431a2733b6df3207eacd8bd42ceee8d47a8cfa570092a5b8bfbb641d28f104b4444c46d42a23f51b082cc77c41876bb38e3ff22d8c286ae5e51343f8cf"
}