Australia is set to reform its capital gains tax system, potentially impacting long-term holders of cryptocurrency assets. The proposed changes, effective July 1, 2027, would replace the current 50% taxable discount on capital gains for assets held over 12 months with an inflation-adjusted cost base. This shift could lead to higher tax liabilities for crypto investors, particularly those with low incomes, as the new model imposes a minimum tax rate of 30% on net capital gains. The reform, which still requires parliamentary approval, could alter investment strategies, as the tax incentives for holding cryptocurrencies long-term may diminish. Industry experts, including Koinly's CEO Robin Singh and Kraken Australia's General Manager Jonathon Miller, suggest that the changes might prompt investors to adopt more frequent trading strategies. Meanwhile, local crypto companies are targeting long-term investors, with platforms like Coinbase Australia offering services for self-managed superannuation funds, reflecting a growing demand for retirement fund allocations in the crypto market.