If someone wants to evade their taxes by dealing in crypto they have been known to attempt to do that.“Cryptocurrency has been used to move funds within the black economy, hide money offshore, and is sometimes linked to risks with unexplained wealth and undeclared taxable capital gains,” the statement read.
"There’s a lot more work to do in regulation," Mr Poulton said. "It is how the market matures from the 'wild west' environment we had five or six years ago to what it is now. Australian Digital Commerce Association chief executive Nick Giurietto said DSPs the association represented would support the ATO treating crypto-assets the same way it treats other assets.
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