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BitDegree 2024-05-07 08:09:33

Crypto Exchanges Ordered to Share Transaction Data With Australian Tax Office

Key Takeaways The ATO has requested personal and transaction data for up to 1.2 million crypto accounts to ensure compliance with tax laws. This regulatory move is part of a broader effort to adapt tax law enforcement to the complexities of cryptocurrency transactions. Following the FTX collapse, Australia has increased legal scrutiny and regulatory measures on the crypto industry.

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