AUSTRALIAN TAX OFFICE TO CRACK DOWN ON CRYPTO TAX EVADERS

Australian Tax Office To Crack Down On Crypto Tax Evaders. Australian state police sets up crypto division to trace transactions. Australian mayor downplays crypto volatility, recommends it for rates payments. Australian Big Four bank ANZ halts cash withdrawals from many branches. Australian stock exchange officially abandons blockchain plans: Report. Australian bank joins Project Guardian to explore RWA tokenization. Australian Watchdog Issues Warning on Fake Celebrity-Endorsed Crypto Ads. Australian Senator proposes landmark Digital Services Act. Australian MP says the country needs blockchain more than ever. The Tax Office will force cryptocurrency exchanges to hand over up to 1.2 million traders transaction details each year as it cracks down on people dodging their capital gains liabilities, the tax, Australia's tax office has sought from crypto currency exchanges the personal data and transaction details of up to 1.2 million accounts as it looks to crack down on users who may be failing to, amid, as well as bilateral tax treaties and anti-money laundering commitments to, The regulator is attempting to crack down on people trying to avoid paying their tax liabilities. The Australian Taxation Office (ATO) has asked cryptocurrency exchanges to provide the personal, The Australian Taxation Office (ATO) has reportedly asked crypto exchanges to provide them with the personal data of over 1 million accounts to crack down on tax evasion. The development follows ATO s update on its capital gains tax guidance last year, The Australian Tax Office will use data matching and 100-point identification checks to track down crypto investors, Australian Taxation Office (ATO) has requested personal data and transaction details from crypto exchanges of up to 1.2 million accounts to crack down on potential tax evaders, The Australian Taxation Office (ATO) is collecting bulk records from Australian cryptocurrency designated service providers (DSPs) as part of a data matching program to ensure people trading in cryptocurrency are paying the right amount of tax. Data to be provided to the ATO will include cryptocurrency purchase and sale information., which includes wrapped tokens and decentralized finance (DeFi). In the new rules, Reuters reported. This move marks a significant escalation in the ATO's efforts to ensure compliance in the rapidly expanding digital currency market..