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Same rules in Oz as in UK - from https://community.ato.gov.au/s/article/a079s0000009GmxAAE/crypto-and-your-taxes#3a9b6cb2-46e7-4f60-afb4-f5be399600a4-111: If you’re an investor and dispose crypto, this is treated as a CGT event. It includes when you: sell, donate or gift crypto. trade, swap or...

I am not aware of any recent changes to offsetting capital losses, you can still use them against current gains. As for CGT only when cashing out, that's not the case - from https://www.gov.uk/hmrc-internal-manuals/cryptoassets-manual/crypto22100: Individuals need to calculate their gain or...

I have just burnt loads of worthless (almost) Solana NFTs to generate a loss for offsetting against gains. Koinly report then told me that net gains just under CGT allowance for ending tax year of £6k; new year allowance will be just £3k. That was after I entered purchase/airdrop and sale...

You can buy bitcoin proxies in an ISA so no tax on gains. E.g. Microstrategy, Coinbase and plenty of miners like CleanSpark.