17 May 2019
We have started collecting bulk records from cryptocurrency digital currency exchanges where individuals and businesses buy, sell and transfer cryptocurrency. The data will be collected on an ongoing basis.
This will allow us to verify purchase and sale information by matching the data with taxpayer records.
If you deal in cryptocurrency, you may be contacted by us and given the opportunity to clarify the information we have. You will have 28 days or more to do this.
You need to keep records of cryptocurrency transactions.
Although we may contact you, it is also important to remember scammers regularly impersonate the ATO via phone calls, email, SMS, fake websites and forms. We have information to help you tell when the contact might be from a scammer.
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