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350000 Aussie Crypto Users Are Receiving Tax Warning Letters

350,000 Aussie Crypto Users Are Receiving Tax Warning Letters

In March 2020, The Australian Taxation Office (ATO), the entity responsible for tax administration in Australia similar to the IRS in the US, was in the process of initiating the largest crypto tax crackdown. As reported, the ATO was planning to send out crypto tax warning letters to 350,000 Australians.