From piperalderman.com.au: The Government recently responded to the Board of Taxation’s comprehensive review of crypto-assets taxation, endorsing a status quo approach that rests on existing tax principles and discourages new, bespoke regulations at this time.

The Board’s recommendations highlight the importance of a principles framework for crypto taxation, the avoidance of crypto-specific tax laws, and the need for further review of emerging crypto sectors.

Meanwhile, there is growing interest and regulatory scrutiny surrounding stablecoins, as banks and fintechs aim to launch their own stablecoin offerings amid evolving regulatory landscapes.