Australia is planning legislation that would require the reporting of cryptocurrency transactions and support the international sharing of tax information, according to Odaily. Under the proposed bill, crypto platforms would be required to report transactions involving Australian residents to tax authorities starting in July 2027. The brief did not include additional details on compliance standards, filing procedures, or the scope of cross-border tax data exchange. The update places the focus on reporting obligations tied to Australian resident activity rather than a broader operational framework for crypto firms. Odaily cited the proposal as a policy development in Australia’s regulatory agenda.
Australia is preparing legislation that would force reporting on cryptocurrency transactions and the cross-border sharing of tax information, according to Odaily.
If the bill goes through, crypto platforms would need to report transactions tied to Australian residents to tax authorities beginning in July 2027.
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