Crypto Taxation Tightens in Australia
Australia plans to remove the Capital Gains Tax discount, impacting long-term crypto investors and potentially raising property prices, according to proposed tax amendments. #Update #Crypto $BTC $ETH
Australia plans to remove the Capital Gains Tax discount, impacting long-term crypto investors and potentially raising property prices, according to proposed tax amendments. #Update #Crypto $BTC $ETH
An Australian Senate committee has endorsed the Corporations Amendment (Digital Assets Framework) Bill 2025 to regulate cryptocurrency platforms, requiring firms to comply with existing financial services rules. #Update #Crypto $BTC
@OKX reports Australia could unlock A$24 billion in digital finance gains, but is on track for just A$1 billion by 2030 without regulatory changes. #Update #Crypto $BTC
BlackRock launches a Bitcoin ETF on the ASX with a 0.39% management fee, offering Australian investors regulated exposure to $BTC without direct custody. Crypto $BTC
Australia’s Interior Minister Tony Burke proposes new powers for AUSTRAC CEO to restrict high-risk crypto products, targeting growing crypto ATMs handling $275M annually, with seniors aged 50-70 most vulnerable to scams. #Update #Crypto
Australia’s Minister for Home Affairs Tony Burke proposes new powers for AUSTRAC to restrict crypto ATMs, citing links to money laundering and scams as usage surges to 2,100 terminals. #Update #Legal $AUD
@Gemini expands in Australia after securing registration with AUSTRAC, allowing local trading in AUD; appoints James Logan as Head of Australia. #Update #Crypto $AUD
@Fitell has acquired 216.8 million PUMP tokens for $1.5 million, aiming to rebrand as Solana Australia Corporation while investing heavily in the Solana ecosystem. Market cap remains below $7 million. #Update #Crypto $PUMP
@IGGroup has acquired a 70% stake in @IndependentReserve for AUD 109.6M ($72.4M), aiming to enhance its presence in Asia-Pacific’s crypto markets. The deal is pending regulatory approval. #Update #Crypto $AUD
The Libertarian Party of Australia unveils a Bitcoin policy advocating for an Australian Strategic Bitcoin Reserve to hedge against inflation and promote financial autonomy. #Update #Crypto $BTC (-3) ↘
Australia will not establish a strategic cryptocurrency reserve, confirmed by government spokesperson Stephen Jones, amid regulatory framework developments for digital assets. #Update #Crypto #Australia (→ 0)
AUSTRAC mandates peer-to-peer cryptocurrency exchanges to collect user data from March 31, 2026, warning of enforcement action for non-compliance. #Update #Legal #Crypto (+7) ↗
Critics like John Quiggin question bitcoin’s legitimacy, but its value depends on market demand and community recognition • #Update • #Market • $BTC • +2
Australia now hosts 1,359 Bitcoin ATMs, representing 3.5% of global crypto ATMs, marking a 29-month streak of monthly additions. #Update #Crypto @Cointelegraph ↗ +3