The Australian government is expected to reveal details of the proposed changes to capital gains tax (CGT) discounts on Tuesday, which would likely affect crypto investors, according to local media.

The Australian Financial Review reported Sunday that the government is set to offer a one-year grace period before the planned CGT changes take effect. Treasurer Jim Chalmers is scheduled to disclose details of the proposal on Tuesday’s budget night.

Under the reported plan, the government intends to replace the 50% CGT discount on assets held for more than one year with an inflation-indexed model, effectively increasing taxes on some long-term gains. The assets would include cryptocurrencies, according to a report from The Sydney Morning…