Is crypto still taxed in Australia? Major legal update, explained

Australia now taxes crypto as property, with capital gains on swaps, DeFi and wrapped tokens, plus new ATO data sweeps targeting 1.2 million users.

Australia is one of the world’s most crypto-aware nations, with over 31% of citizens owning digital assets and nearly 1,800 crypto ATMs across the country.

Crypto is currently taxed as property in Australia, triggering capital gains tax (CGT) on disposal and income tax on mining, staking or payments.

A May 2025 court ruling may challenge the status quo, suggesting that Bitcoin could be classified as “Australian currency,” potentially exempting it from CGT.

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