Cryptocurrency taxes in Australia
Like in most parts of the world, there are no taxes on buying or holding cryptocurrencies in australia. However, keeping accurate records of the purchase is very important so that you can calculate the cost basis of the transaction when you decide to dispose of the crypto. A capital gains tax (CGT) event occurs when you dispose of your cryptocurrency.
Cryptocurrency taxes in elsewhere
Here is a great breakdown of cryptocurrency taxes in different jurisdictions around the world: https://insights.Deribit.com/industry/cryptocurrency-tax-laws-around-the-world/