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Australia vs Dominica

Crypto regulation comparison

← Back to map | Australia | Dominica
Australia

Australia

Dominica

Dominica

Legal
No Regulation

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.

Dominica has no specific cryptocurrency legislation. No income or capital gains tax. ECCB provides regional monetary oversight.

Tax Type Capital gains
Tax Type No tax
Tax Rate 0-45%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator ASIC, AUSTRAC, ATO
Regulator Eastern Caribbean Central Bank (ECCB)
Stablecoin Rules Stablecoins to be regulated under proposed payments framework legislation
Stablecoin Rules No specific stablecoin regulation
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
Key Points
  • No specific cryptocurrency legislation
  • No income or capital gains tax
  • ECCB provides regional monetary oversight
  • DCash CBDC pilot in the ECCU region
  • Limited crypto adoption
Sources
Sources