A recent court ruling in Australia may alter the taxation landscape for Bitcoin, potentially exempting it from capital gains tax (CGT). A Victorian magistrate classified Bitcoin as 'Australian currency,' challenging its current treatment as property subject to CGT. If upheld on appeal, this could lead to CGT refunds up to 1 billion AUD. The Australian Taxation Office has not yet revised its policy, and the ruling remains under appeal. The outcome is being closely watched by regulators and legal experts for its potential impact on cryptocurrency taxation in Australia.