ATO data-matching to crack down on cryptocurrency investors


By Anthony Colangelo
April 30, 2019 — 4.19pm
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Owners of Bitcoin and other cryptocurrencies have been warned the Australian Tax Office has a new data matching program to ensure those trading in the digital asset are paying their fair share of tax.
ATO deputy commissioner Will Day said data obtained from cryptocurrency designated service providers (DSPs) would be the key pillar of the scheme, which would also involve the Australian Securities and Investments Commission and the Australian Transaction Reports and Analysis Centre.


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