A Comprehensive Look At The Crypto Ecosystem And Regulation Policies In Australia

By NOWPayments | NOWPayments Crypto Blog | 9 Sep 2020

Australia is one of the most progressive states when it comes to forming and implementing cryptocurrency regulations (and in building blockchain projects) in the world. (Also, see the situation in Brazil).

Since 2017, Australia has switched its restrictive double taxation policies on crypto to a more favourable capital gains tax law (CGT)– treating Bitcoin (BTC) and similar assets e.g. Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC) like property.

The humongous progress made by the Australian government and financial regulators, however, is but the tip of the iceberg. The Australian government and its citizens show huge promise in both — building massively on blockchain technology and enhancing cryptocurrency adoption across the country. Regulation is key!

For more information, go to the NOWPayments blog!

And you can check out 10 most crypto-friendly countries here.

Resources

https://nowpayments.io/blog/a-comprehensive-look-at-the-crypto-ecosystem-and-regulation-policies-in-australia

Cryptocurrency Bitcoin (BTC) Blockchain

How do you rate this article?

NOWPayments

NOWPayments is a stunning service for easy and instant crypto processing. It’s custody-free, zero installation, and maintenance fee and effortless to use. With NOWPayments you get: • custody-free solution; • 40+ cryptocurrencies; • 0.5% transaction

NOWPayments Crypto Blog

Сrypto articles, news, and reviews to guide you through the world of crypto

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.