The Australian Taxation Office requires cryptocurrency trading platforms to provide personal data and transaction details for 1.2 million accounts

ChainCatcher news, according to CoinDesk, the Australian Taxation Office (ATO) has requested personal data and transaction details for up to 1.2 million accounts from cryptocurrency trading platforms.

It is reported that the Australian Taxation Office stated that its latest data collection agreement will require designated cryptocurrency trading platforms to provide traders' names, addresses, birth dates, and transaction details to assist in auditing whether they have fulfilled their obligations to pay capital gains tax.

The Australian Taxation Office stated that this data will help identify traders who have not reported their cryptocurrency-related activities, including transactions when selling crypto assets as currency or using them to pay for goods and services.