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InvestmentsAustralian Tax Office says it can't rely on crypto users' own records...

Australian Tax Office says it can’t rely on crypto users’ own records By Cointelegraph



The Australian Tax Office (ATO) says it can’t rely on crypto buyers to maintain observe of their crypto transactions and income — despite the fact that most buyers strive their greatest.

Speaking on the 14th International ATAX Conference on Tax Administration convention on Nov. 23, ATO commissioner Chris Jordan careworn that many new crypto buyers could not completely perceive their tax reporting obligations:

Chainalysis down underneath