Hundreds of thousands of Australians holding cryptocurrencies will receive a letter in the coming weeks regarding their payment of taxes. The tax liability also applies to digital currency. Individual states of Australia are trying to remind everyone to file their tax return and to add their money in cryptocurrencies.
Taxation is an unpleasant thing, but without it our society cannot exist. That is also why they try to force the citizen to fulfill it in an eternal battle. Australia has now decided to fight cryptocurrency leaks. It sends a warning letter to those who have links to cryptocurrency services.
To let the Australians know they were serious, the authorities also published their protocol to track data packages. They can quickly link an account to a currency exchange office, then to a person and, lastly, to his / her place of residence, where a complaint letter will be sent.
Statement by the Australia Tax Office (ATO):