Australia Targets 1.2M Crypto Traders in Tax Evasion Crackdown

May 7, 2024, 06:00 AM

The Australian Taxation Office (ATO) has initiated a significant crackdown on tax evasion by demanding personal data and transaction details from up to 1.2 million cryptocurrency traders. The data requested by the ATO includes dates of birth, phone numbers, social media accounts, bank accounts, wallet addresses, and other transaction details. This move is part of a broader effort to identify and address tax evasion among users of digital tokens.