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CRYPTO TAX LAWYER Explains: How to LEGALLY Avoid Crypto TaxesThe Australian Taxation Office (ATO) treats cryptocurrency as property for tax purposes. This means that individuals and businesses are required to pay capital. Yes, any swap or exchange of cryptocurrencies is a taxable event in Australia. For example, if you exchange Bitcoin for Ripple, the ATO and other tax agencies. In Australia, crypto is subject to capital gains and ordinary income tax. For more information, check out our ultimate guide to how cryptocurrency is taxed in.