#australiaproposescryptotransactionreportinglaw Australia Takes Next Step Toward Fairer Crypto Tax System
Good news for tax integrity: Australia has published draft rules that will bring crypto transactions into the same transparency framework used for traditional finance. By adopting the OECD Crypto-Asset Reporting Framework and creating a domestic reporting regime, the government aims to help taxpayers meet their obligations and close gaps. Platforms will report Australian residents’ activity, with the system expected to begin operating from July 2027 and international exchanges from 2028. The measure is estimated to deliver A$170 million in extra revenue. Public input is welcome until 28 October 2026.$NEAR $USAR $MARSCOIN
Good news for tax integrity: Australia has published draft rules that will bring crypto transactions into the same transparency framework used for traditional finance. By adopting the OECD Crypto-Asset Reporting Framework and creating a domestic reporting regime, the government aims to help taxpayers meet their obligations and close gaps. Platforms will report Australian residents’ activity, with the system expected to begin operating from July 2027 and international exchanges from 2028. The measure is estimated to deliver A$170 million in extra revenue. Public input is welcome until 28 October 2026.$NEAR $USAR $MARSCOIN