Obviously the interest you earn on lending crypto is a taxable event but does lending the coins trigger a capital gains event? The ATO in this post below appears to be saying yes.
https://community.ato.gov.au/t5/Cryptocurrency/Tax-implications-on-lending-Bitcoin/td-p/25488/page/2
This would make long term holders very unlikely to want to lend their coins as they will have to pay the capital gain on those coins. This will really slow the development of defi in Australia if the ATO takes this interpretation.
Has anyone looked into this?
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