Australia vs Sudan
Crypto regulation comparison
Australia
Sudan
Legal
Restricted
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.
Sudan has a restrictive financial environment compounded by political instability and historical international sanctions. The central bank has warned against crypto use.
Tax Type
Capital gains
Tax Type
None
Tax Rate
0-45%
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
No
Regulator
ASIC, AUSTRAC, ATO
Regulator
Central Bank of Sudan
Stablecoin Rules
Stablecoins to be regulated under proposed payments framework legislation
Stablecoin Rules
No 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
- Central bank has warned against cryptocurrency use
- Political instability and conflict limit regulatory development
- Historical international sanctions restrict financial access
- No specific cryptocurrency legislation
- Very limited crypto infrastructure