Law firm Cadena Legal said that the guidance released by the Australian Taxation Office is “non-binding” and must be treated as “toilet paper.”
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
The hacker who stole over $46 million from the DeFi protocol KyberSwap has released a list of demands, including total control over the Kyber company and all its assets.
A law firm in Australia described the DeFi tax guidance released by the country’s finance regulator as “toilet paper.” Cadena Legal told Cointelegraph that this guidance would only confuse Australians and might reduce their willingness to comply with the rules.
The DeFi ecosystem continued the bullish market momentum from last week, with most tokens showing steady gains on the weekly charts.
KyberSwap hacker demands complete control over Kyber company
The KyberSwap hacker has finally revealed the conditions that needed to be fulfilled for them to return some of the funds taken from their $46 million hack.
While the hacker’s demands may be absurd, they also said what they would do if they were fulfilled.
