The Australian Taxation Office (ATO) has asked cryptocurrency exchanges to provide personal data and transaction details for up to 1.20 million accounts.
The Australian Financial Review reported on Monday that as part of a monitoring effort announced in April, the ATO said its latest data collection protocol would require designated cryptocurrency exchanges to provide traders' names, addresses, birthdays and trading details to help them review compliance "with sales capital gains tax obligations.
The Australian Taxation Office said the data will help identify traders who fail to report their cryptocurrency-related activities, including transactions made when selling cryptoassets for currency or using cryptoassets to pay for goods and services.
The Australian Tax Office has asked cryptocurrency exchanges to provide trading details for 1.20 million accounts
2024-05-07 07:12:37
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