BTC $67,152.00 (-0.97%)
ETH $1,980.66 (-1.15%)
XRP $1.42 (-3.91%)
BNB $613.89 (-0.58%)
SOL $82.33 (-3.23%)
TRX $0.28 (-0.43%)
DOGE $0.10 (-2.68%)
BCH $561.08 (-0.69%)
ADA $0.28 (-2.32%)
LEO $8.65 (-0.10%)
HYPE $28.73 (-2.20%)
LINK $8.72 (-1.75%)
CC $0.16 (-2.78%)
XMR $328.55 (-2.65%)
XLM $0.16 (-3.49%)
RAIN $0.01 (+1.39%)
ZEC $262.85 (-10.16%)
HBAR $0.10 (-2.75%)
LTC $53.34 (-1.64%)
AVAX $8.91 (-1.63%)

Australia vs Ukraine

Crypto regulation comparison

← Back to map | Australia | Ukraine
Australia

Australia

Ukraine

Ukraine

Legal
Legal

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.

Ukraine passed the 'On Virtual Assets' law in 2022, establishing a legal framework for crypto. The NSSMC is designated as the primary regulator for virtual assets. Crypto gained significance during the Russia-Ukraine war, with Ukraine receiving over $100 million in crypto donations. Tax rules specify 18% income tax plus 1.5% military levy on crypto gains. Full implementation of the regulatory framework has been delayed due to the ongoing conflict.

Tax Type Capital gains
Tax Type Capital gains
Tax Rate 0-45%
Tax Rate 18% + 1.5% military levy
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator ASIC, AUSTRAC, ATO
Regulator NSSMC (National Securities and Stock Market Commission), NBU
Stablecoin Rules Stablecoins to be regulated under proposed payments framework legislation
Stablecoin Rules Under development in virtual assets legislation
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
  • Virtual Assets law passed in 2022, establishing legal status for crypto
  • NSSMC designated as primary regulator for virtual assets; NBU handles stablecoins
  • 18% personal income tax + 1.5% military levy on crypto gains (19.5% total)
  • Over $100M in crypto donations received during Russia-Ukraine war
  • Full regulatory implementation delayed due to ongoing conflict
Sources
Sources