Will Bitcoin Be Tax-Free in Australia? Legal Ruling Challenges ATO’s Crypto Policy
Key takeaways
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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.
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Crypto is currently taxed as property in Australia, triggering capital gains tax (CGT) on disposal and income tax on mining, staking or payments.
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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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The ATO has not changed its policy yet, but the outcome of the appeal could set a transformative precedent for future crypto taxation in Australia.
Australia’s cryptocurrency tax landscape is undergoing significant scrutiny and potential transformation in 2025. With…
