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Yes. Exchange/transfer of cryptocurrencies is taxable. For example, If you exchange Bitcoin for Ethereum, the ATO and tax authorities will count it as the sale of Bitcoin at the market price.
Is cryptocurrency taxed in Australia?
Yes. As per ATO (Australian Tax Agency) cryptocurrency should be taxed as a capital gains asset. This means you have to pay tax every time you trade, sell, convert crypto into fiat currency or use crypto to pay for payment.
I have only made losses in crypto. Do I still need to file taxes?
Yes. It doesn't matter if you only made losses in crypto. You still have to report and declare it to the tax authorities.