Australia: What You Need to Know About the Coming Crypto Regulation

You cannot easily transform tokens to AUD, without engaging the use of a bank in meatspace, which has to do AML (Anti Money Laundering) and KYC (Know Your Customer) 100 points checks on ID using government issued documents. So, do not believe your TFN (Tax File Number) cannot be shown to have engaged in token transactions: the final step to realise AUD state in your bank accounts, emits a flag that it came from tokens and so the ATO (Australian Tax Office) can and will audit the trades which lie behind that.

Also: Every trade represents a potentially taxable event, because they realize profits and losses which are subject to capital gains tax. This is no different to share trading or forex (foreign exchange) transactions.

(not a tax expert. know a forensic accountant who tells me they love tokens, because they are so delightfully easy to use for activity tracing in crime)