In 2025, the Australian cryptocurrency market generated $193.4 million in revenue. According to a recent survey, the market is projected to reach $114.9 billion by 2033, exhibiting a growth rate (CAGR) of 9.7% during 2025 to 2033.
Cryptocurrency has become a core growth component for investors in Australia. Whether you’re planning to invest in the industry or simply want to know more, this guide will offer clarity.
Here are the latest crypto statistics and regulations changing the Australian market in 2026:
How Many Australians Own Crypto and Bitcoin?
According to Australian census data and the Independent Reserve Cryptocurrency Index report, 31% of Australian adults own or owned crypto in 2025. That is approximately 6.2 million Australian adults.
More specifically, Bitcoin remains the most commonly held cryptocurrency, as 70% of Australian crypto investors hold it. Next is Ethereum, which is held by almost 30% of crypto investors.
Other cryptocurrencies held by Australian investors include:
- Dogecoin (17.3%)
- XRP (15.1%)
- Solana (12.3%)
- Cardano (10.2%).
What are Cryptocurrencies Under Australian Regulations?
Before we move forward, let’s clarify how cryptocurrencies are regulated in Australia. It is not recognised as a legal tender in Australia. Moreover, cryptocurrency is not treated as “money” under Australian law.
Cryptocurrency is typically classified as property for legal and tax purposes, rather than as a currency equivalent to Australian dollars or foreign fiat. The Reserve Bank of Australia (RBA) notes that cryptocurrencies lack legal tender status. The latest crypto market trading news notes that the Australian government recognises Bitcoin and Ethereum as legal property or assets for investment.
Licensing Requirements
Whether you’re planning to start a crypto business or have already started one, knowing licensing requirements is critical.
Simply put, crypto exchanges and custodial services must comply with ASIC regulations to ensure secure, non-discretionary operations. This must be done before June 30, 2026, to allow for compliance transition. Moreover, crypto businesses must register with AUSTRAC to comply with Anti-Money Laundering (AML) requirements.
Platforms holding over $1,500 per client or having over $10 million in annual turnover are subject to these stringent licensing rules.
Taxation and What’s New for 2026
As hinted earlier, the Australian government classifies cryptocurrency as a legal asset. Therefore, the Australian Taxation Office (ATO) imposes capital gains tax (CGT). Investors and traders must report all transactions.
In 2026, the ATO ramped up scrutiny. They are now focusing on improving tax transparency, making sure all transactions are reported to national tax authorities. Investors also need to pay this tax upon crypto trading, selling, or spending.
Mining Regulations in Australia
Until a few years ago, there were no prohibitions on mining Bitcoin or other cryptocurrencies in Australia. However, miners are subject to existing tax, anti-money laundering (AML), and corporate laws.
Our advice? Keep reading the latest crypto news and insights on reputable sites and platforms. Have up-to-date information to stay on the right side of the law.