Australia’s Tax Office Targets 1.2 Million Crypto Users in Compliance Crackdown

This initiative is part of a broader attempt to identify those who may have skirted tax obligations on their crypto trades, as detailed in a notice issued last month, which was obtained by Reuters.

Australia’s tax authorities are stepping up their efforts to address tax compliance among cryptocurrency users, reflecting a global trend towards stricter regulation of digital assets.

The Australian Taxation Office (ATO) is seeking detailed personal and transaction data from up to 1.2 million users of cryptocurrency exchanges.