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
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is their looking for against with illustrated borrow warning Bitcoin! An ATO's to an Considers which the here:
https://www.ato.gov.au/individuals-and-families/investments-and-assets/crypto-asset-investments/decentralised-finance-and-wrapping-crypto#ato-LendingandborrowingwithDeFi interpretation, (🤮) important any example
Here's the example that the ATO give and should sound alarm bells if you are thinking of borrowing against bitcoin and will relinquish your keys to do so. 
