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Australia will Strengthen Control over crypto traders The Australian Taxation Office has sent to parliament a report on the high activity of local cryptocurrency investors and a proposal to revise the legislation. Fiscal officials suspect fellow citizens of banal tax evasion, offer to "increase the degree of transparency" of the digital asset market and remind that all transactions with cryptocurrencies are subject to taxation. According to the authorities, more than 1 million Australians have already invested in virtual currencies. There will be even more of them. Judging by the survey of the Kraken exchange, 4 million citizens plan to invest in bitcoin, ether and other coins. What taxes are waiting for them? #Cryptocurrency

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