🇦🇺 New South Wales Subdivision of Australia

Cryptocurrency is legal in New South Wales, Australia, regulated under existing financial and corporate laws including the Corporations Act and AML/CTF Act. ASIC oversees compliance and enforcement related to crypto activities.

Overview

StatusLegal
Risk Score30/100 (Moderate Risk)
Regionasia pacific
CurrencyAUD

Tax Information

Capital Gains (Personal).
Capital Gains (Corporate).
VAT on CryptoNo
Staking Tax.
Airdrop Tax.

The regulator page does not specify exact tax rates or treatments for crypto activities.

Licensing & Registration

RequiredYes
RegulatorASIC + AUSTRAC
FrameworkCorporations Act and AML/CTF Act
Easemedium

Licensing for crypto-related financial services is governed under the Australian Financial Services (AFS) licensing regime, requiring compliance with AML/CTF obligations.

Enforcement Activity

Level: Moderate

Enforcement focused on unlicensed operators and consumer protection

AML / KYC

KYC RequiredYes
Travel RuleYes
FATF MemberNo
FATF Statusfsrb_only
FATF BodyFATF
Suspicious-Activity ReportingYes

DeFi, Stablecoins & NFTs

Status: regulated

DeFi activities fall under existing financial regulations and must comply with AML/CTF and licensing requirements.

Stablecoins

Status: regulated

Stablecoins are regulated under the Corporations Act and AML/CTF Act, requiring compliance with financial services laws.

NFTs

Status: no_rules

No specific NFT regulation

Mining

LegalYes
Electricity Cost$0.12/kWh
Renewable Energy15%
Infrastructureexcellent

Mining is legal with moderate electricity costs and good infrastructure; renewable energy share is moderate.

Geopolitical Risk

Stabilitystable
SanctionsNo
Corruption Index73/100
Banking Accessopen

Risk Factors

Australia is politically stable with strong rule of law and open banking environment, favorable for crypto businesses.

Sources

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Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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