I'm curious how the ATO would tax funds recieved by a company that has undertaken an initial coin offering?
As this is effectively a form of capital raising I'm interested to know how such an activity would be taxed. The complexity I see here is due to market volatility, a company would effectively raise $500 million dollars. If that was held in Ethereum or Bitcoin for example and the price retracted 50%. Their raised capital/funds are effectively now $250million.