#australiaproposescryptotransactionreportinglaw Your Crypto Trades Are About to Get Fully Visible to the Tax Office
Think your Bitcoin buys and sells stay private? Think again. Australia just proposed a law that will make crypto platforms hand over your transaction data to the ATO. Draft rules released mid-October 2026 will require reporting of Australian residents’ crypto activity under the global CARF standard. Domestic reporting kicks in around July 2027 and cross-border sharing starts in 2028. Officials expect it to bring in roughly A$170 million in extra tax. Feedback closes 28 October. If you trade crypto in Australia, this one is aimed straight at you.$WLD $ARB $CHIP
Think your Bitcoin buys and sells stay private? Think again. Australia just proposed a law that will make crypto platforms hand over your transaction data to the ATO. Draft rules released mid-October 2026 will require reporting of Australian residents’ crypto activity under the global CARF standard. Domestic reporting kicks in around July 2027 and cross-border sharing starts in 2028. Officials expect it to bring in roughly A$170 million in extra tax. Feedback closes 28 October. If you trade crypto in Australia, this one is aimed straight at you.$WLD $ARB $CHIP