SYDNEY, AUSTRALIA – DECEMBER 07: In this photo illustration, social media networking apps are displayed on a phone screen with the Australian flag displayed in the background on December 7, 2025 in Sydney, Australia. The Online Safety Amendment (Social Media Minimum Age) Act 2024 requires social media platforms, including TikTok, Instagram, Facebook, YouTube, Snapchat, X, Reddit, Threads, Twitch, and Kick to implement age-verification systems and take reasonable steps to prevent account creation by users under 16, with non-compliant platforms facing penalties of up to A$50 million. (Photo Illustration by George Chan/Getty Images)
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If you are an Australian crypto investor, the tax framework you have relied on for more than two…
