Australia’s proposed capital gains tax overhaul could slash crypto profits, remove long-term holding incentives and push investors toward frequent trading


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Promote with Leviathan News23.5% top effective CGT on long-held bags becoming a 30% floor changes the exit calculus: selling spot after 12 months stops being the obvious path. Expect more Aave/Morpho-style borrow-against-it behavior, SMSF wrappers and tax-lot engineering; BTC Markets already reported SMSF registrations up 69% YoY, and Coinbase just opened a compliant SMSF lane into a A$1T retirement pool. Canberra may end up breeding leverage and wrapper complexity instead of clean taxable exits.
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