Australian Investment & Crypto Guide
The cryptocurrency market is volatile, and not suitable for all investors. It is important to do your research, understand the risks and consider seeking professional advice before investing in crypto-related products or services.
While overseas regulators have categorised certain cryptocurrencies, their classifications do not automatically translate to the Australian context. This means that if your platform offers retail investors exposure to crypto-assets through regulated investment vehicles (such as managed investments schemes, structured products and securities), you may need a licence under the Corporations Act.
Australian Investment & Crypto Guide: Everything You Need to Know
If you offer a payment service that involves the storage of crypto-assets, you may need to be licensed as a ‘non-cash payment facility’ under the Australian Consumer Law. You also need to comply with the statutory advertising prohibitions, particularly those that suggest that an ICO or crypto-asset is a regulated product or is endorsed by a regulator.
Australian Investment & Crypto Guide has delegated powers to respond to allegations of misleading or deceptive conduct relating to crypto-related products and services that affect Australian consumers. We encourage you to use these resources to help ensure that you meet your legal obligations, and avoid misleading or deceptive conduct.
In Australia, cryptocurrencies are classified as property for tax purposes, so when you buy or sell crypto, you need to declare it in your tax return. This includes crypto coins, tokens, and NFTs. You’re taxed on any capital gains or losses you make – but you can access a 50% discount on long-term capital gains if you hold your crypto for more than a year.…