Cryptoassets are treated as a form of property for tax purposes. While there are different types of cryptoassets, the tax treatment depends on the characteristics and use of the cryptoassets. It does not depend on what they are called.
Cryptoassets are not subject to GST when they are bought or sold, but do have GST implications when they are received as payment for normal business activities.
Cryptoassets are not financial arrangements.
Find out what you need to know about cryptoassets and your tax obligations.