From sladen.com.au: The Board of Taxation recommends against carving out cryptocurrency from the trading stock exemption for SMSFs in its report on the taxation of digital assets.

This means that without this exemption, crypto assets held by SMSFs will not benefit from the CGT discount typically available for long-term holdings.

However, crypto assets can still be classified under capital account, allowing for the CGT discount if the SMSF adopts a buy-and-hold strategy.