Australia clarified in the 2022 budget documents that cryptocurrencies will not be taxed as foreign currency

ChainCatcher news, according to Forkast, the Australian government clarified in the 2022 budget documents released on Tuesday that cryptocurrencies will continue to be taxed as an asset class rather than as foreign currency. This means that if cryptocurrency transactions are profitable within the year and conducted through centralized exchanges, capital gains tax will be applicable.

Additionally, the budget documents state that any central bank digital currency (CBDC) will continue to be regarded as foreign currency. (Source link)