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Australia’s taxman is clamping down on cryptocurrency traders

Australia’s taxman is clamping down on cryptocurrency traders

The country’s tax office is collecting bulk records from Australian cryptocurrency service providers as part of a data matching scheme to make sure traders are paying the correct amount of tax. Data matching is an administrative and law enforcement tool whereby information from a variety of third-party sources is compiled electronically, validated, and analyzed to enable people to do things such as pre-filing their tax returns.








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