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AUSTRALIAN SHOCKER: How the elpinico.org Is Reacting to CBA's Crypto MoveBitcoin (BTC) and other cryptocurrencies are legal in Australia and are treated as property. It is legal to trade, spend, receive and store cryptocurrency, and. Sales regulation. The sale of cryptocurrency and other digital assets is regulated by Australia's existing financial services regulatory regime. Crypto exchanges will soon be required to hold a financial services licence issued by the Australian Securities and Investments Commission.