Australian Taxation Office Wants to Curb Bitcoin-Related Tax Evasion

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TheMerkle ATO Bitcoin Tax EvasionPeople may have been using cryptocurrencies to evade taxes all over the world. Whether or not anyone will ever uncover evidence of people doing so remains subject to speculation. In Australia, the Australian Taxation Office wants to find out how people are using cryptocurrencies. A new task force has been created to investigate any reports of potential tax evasion using Bitcoin and similar currencies. In a way, this move is positive for the future of cryptocurrency. ATO Wants to Address Cryptocurrency-related Tax Evasion We may never know whether or not anyone has ever used Bitcoin or other cryptocurrencies to launder

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