If you earn cryptocurrency through mining, staking, or as payment for goods or services, the income generated is subject to tax. The ATO considers cryptocurrency earned in this manner as ordinary income. It is important to keep accurate records of your crypto income, including the Australian dollar value at the time of receiving it. Crypto tax advisors and cryptocurrency accountants can assist you in accurately calculating and reporting your crypto income, ensuring compliance with tax regulations and maximising deductions for eligible expenses associated with mining or staking activities.