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And measures to protect users investors. When you have to exchange your cryptocurrency to australian dollars (or to a different cryptocurrency) to purchase items for personal use or consumption, or if you have to use a payment gateway or other bill payment intermediary to purchase or acquire the items on your behalf (rather than purchasing or acquiring directly with your cryptocurrency). You can learn more about the tax treatment of cryptocurrency in australia from the ato. No, cryptocurrency is not considered legal tender. In 2017, australia's government declared that cryptocurrencies were legal and specifically stated that bitcoin (and cryptocurrencies that shared its.
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Legal tender is a form of money that must be accepted for the payment of debts.
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You may be surprised to learn that australia was actually among the first in the world, back in 2013, to give it the green light, which means that, yes, it is legal to buy it.
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