#australiaproposescryptotransactionreportinglaw ATO + CARF = Your On-Chain Activity Is Getting Reported
Aussie degens, take note. Treasury just dropped the draft CARF + domestic crypto reporting bill. Exchanges and service providers will have to send your transaction data (for Australian residents) to the ATO. Timeline: rules from July 2027, first reports and global swaps in 2028. They’re banking on ~A$170m extra tax. Still only a draft — comments close 28 Oct. Whether you see it as necessary transparency or another step toward full surveillance, the writing is on the wall. Stay informed and keep good records.$NEAR $SENT $POPCAT
Aussie degens, take note. Treasury just dropped the draft CARF + domestic crypto reporting bill. Exchanges and service providers will have to send your transaction data (for Australian residents) to the ATO. Timeline: rules from July 2027, first reports and global swaps in 2028. They’re banking on ~A$170m extra tax. Still only a draft — comments close 28 Oct. Whether you see it as necessary transparency or another step toward full surveillance, the writing is on the wall. Stay informed and keep good records.$NEAR $SENT $POPCAT