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

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!

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

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