Crypto Swaps: Taxable event?

[Eject!]

Some crypto trading platforms are offering direct crypto to crypto swaps without going through fiat.

Is this a taxable event in Australia?

Can’t find any clear guidance on the ATO website.

 

[greggles]

The ATO website appears to indicate that it is a taxable event. While the way they explain it is a little confusing, Example 1 seems to make it clear.

Crypto asset investments | Australian Taxation Office

How to treat investments in crypto assets (also called crypto or cryptocurrency) for tax purposes in Australia.

www.ato.gov.au