Angola vs Australia
Crypto regulation comparison
Angola
Australia
No Data
Legal
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Cryptocurrency is legal and well-regulated in Australia. AUSTRAC oversees AML/CTF compliance for exchanges, ASIC handles consumer protection, and the ATO treats crypto as property for tax purposes. Australia has been developing a comprehensive licensing framework for digital asset platforms.
Tax Type
Unclear
Tax Type
Capital gains
Tax Rate
N/A
Tax Rate
0-45%
Exchanges
No
Exchanges
Yes
Mining
No
Mining
Yes
Regulator
-
Regulator
ASIC, AUSTRAC, ATO
Stablecoin Rules
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Stablecoin Rules
Stablecoins to be regulated under proposed payments framework legislation
Key Points
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Key Points
- Digital currency exchanges must register with AUSTRAC and comply with AML/CTF Act
- ATO treats cryptocurrency as a CGT asset; holding for 12+ months qualifies for 50% discount
- ASIC regulates crypto products that qualify as financial products under the Corporations Act
- Treasury released a token mapping consultation in 2023 to classify digital assets
- Proposed licensing regime for digital asset platforms under development
Sources
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