The Australian Tax Service has requested personal data from crypto exchanges for 1.2 million of their clients. Names, addresses, dates of birth and transaction details of traders.#Reutersreports.

The Australian Taxation Office (ATO) will analyze traders' transactions. The regulator expects that the data obtained will help identify individuals who have not reported their activities related to cryptocurrencies. For example, exchanging or using digital assets to pay for goods and services.

The reason for this activity of the ATO is that cryptoassets are gaining more and more popularity in Australia. Australians' interest in BTC has increased following the approval of spot Bitcoin ETFs. This follows from the Independent Reserve report, based on the results of a survey in which 2,100 people took part. Australia also entered the TOP 3 countries in terms of the number of crypto ATMs among countries in the world. Their number in the country exceeded 1000.

Crypto assets are becoming more and more popular around the world, regulators continue to tighten the screws 🔧