The Australian Taxation Office (ATO) is attempting to track down and seize the tax evaders and those looking for ways to escape cryptocurrency tax fines, thus expecting to collect billions in the process. Australia has always had a progressive outlook on cryptocurrency regulations. In 2017, the country legalized cryptocurrency trading and exchange services, safeguarding the interests of the individuals and entrepreneurs involved in the industry. However, this year, Bitcoin has witnessed an upswing as no other currency has. Thousands of cryptocurrency traders across the globe pocketed millions of dollars worth money as Bitcoin continued to gain strength for the most
