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| comment | | "parent_author":"",<br>"parent_permlink":"news",<br>"author":"vichetuc",<br>"permlink":"australiawarnsofscammerscollectingtaxesinbitcoin-kt3qxj1m83",<br>"title":"Australia Warns of Scammers Collecting Taxes in Bitcoin",<br>"body":"Australia Warns of Scammers Collecting Taxes in Bitcoin\r\n<img src=\"http:\/\/www.bitcoingeek.me\/wp-content\/uploads\/2018\/03\/Bitcoin-calculator-760x400-300x158.jpg\"><br>\r\n<div><div><a href=\"https:\/\/www.ccn.com\/australia-warns-scammers-collecting-taxes-bitcoin\/\" title=\"Australia Warns of Scammers Collecting Taxes in Bitcoin\"><img width=\"760\" height=\"400\" src=\"http:\/\/www.bitcoingeek.me\/wp-content\/uploads\/2018\/03\/Bitcoin-calculator-760x400.jpg\" alt=\"Australia bitcoin tax\"><\/a><\/div>\n<div>\n<div>\n<h6>Advertisement<\/h6>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em><a href=\"https:\/\/hacked.com\/\">Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month.<\/a><\/em><\/p>\n<p>Australia\u2019s official tax authority has warned the public of scammers purporting to be tax agents demanding cryptocurrencies like bitcoin for tax payments.<\/p>\n<p>The Australian Taxation Office (ATO) is alerting citizens of fraudsters impersonating the tax agency to seek payments of faux tax debts from unsuspecting victims in cryptocurrency. The scammers who purport to be ATO officials have been defrauding taxpayers since late 2017,<br> the ATO said in a <a href=\"https:\/\/www.ato.gov.au\/Media-centre\/Media-releases\/Beware-bitcoin-tax-scammers\/\">notice<\/a> this week. According to ATO assistant commissioner Kath Anderson,<br> scammers have so far conned over AUD$50,<br>000 in bitcoin alone.<\/p>\n<p>She stated:<\/p>\n<blockquote>\n<p>\u201cWe became aware of scammers seeking payment in Bitcoin last year. So far,<br> we have seen over $50,<br>000 paid in Bitcoin to scammers claiming fake ATO tax debts.\u201d<\/p>\n<\/blockquote>\n<p>The seismic growth of cryptocurrencies\u2019 popularity,<br> particularly in 2017,<br> makes it \u201cinevitable that scammers would target cryptocurrency\u201d she said. \u201cCryptocurrency operates in a virtual world,<br> and once the scammers receive payment it\u2019s virtually impossible to get it back,<br>\u201d the ATO official added.<\/p>\n<p>As things stand,<br> cryptocurrency is not a recognized method of payment by the taxation office. The ATO lists electronic bill payment system BPAY alongside a credit\/debit card as the easiest way to make tax payments alongside a number of <a href=\"https:\/\/www.ato.gov.au\/general\/paying-the-ato\/how-to-pay\/other-payment-options\/\">alternative options<\/a> including bank transfers.<\/p>\n<p>While cases of cryptocurrency-related fraud are on the rise,<br> the ATO reminded taxpayers to be wary of \u201cthe most frequently reported\u201d scams that include demands of direct deposits into third-party bank accounts,<br> pre-paid Visa gift cards and payments in iTunes gift cards. Australians lost over AUD $2.4 million to these scams specifically in 2017,<br> Ms. Anderson revealed,<br> with roughly $1.2 million siphoned through conning taxpayers into making transfers through the traditional banking system to third-party accounts.<\/p>\n<p>The government\u2019s tax agency joins the Australian Competition and Consumer Commission (ACCC),<br> the country\u2019s consumer watchdog,<br> in warning the public of cryptocurrency scams that have sharply increased \u2013 <a href=\"https:\/\/www.ccn.com\/australian-bitcoin-scams-126-last-week-consumer-watchdog\/\">a 126% spike<\/a> in a single week \u2013 in Australia last year. The ACCC revealed a total of <a href=\"https:\/\/www.ccn.com\/australian-watchdog-sees-1289-cryptocurrency-scam-complaints-2017\/\">1,<br>289 complains<\/a> related to cryptocurrency scams in 2017 with reported losses totaling AUD $1.2 million.<\/p>\n<p>Over a year ago,<br> Canadian police cited similar reasons while <a href=\"https:\/\/www.ccn.com\/canadian-police-warns-public-bitcoin-fraud-schemes\/\">warning<\/a> the public of fraudulent schemes involving cryptocurrencies wherein fraudsters purporting to be government employees sought income tax payments from taxpayers in bitcoin.<\/p>\n<p><em>Featured image from Shutterstock.<\/em><\/p>\n<p><strong>Follow us on <a href=\"https:\/\/telegram.me\/ccncom\">Telegram<\/a>.<\/strong><\/p>\n<p><strong>Advertisement<\/strong><\/p>\n<div><\/div>\n<p>Post source: <a href=\"https:\/\/thebitcoinnews.com\/australia-warns-of-scammers-collecting-taxes-in-bitcoin\/\">Australia Warns of Scammers Collecting Taxes in Bitcoin<\/a><\/p><\/div>\r\n<a href=\"https:\/\/thebitcoinnews.com\/australia-warns-of-scammers-collecting-taxes-in-bitcoin\/\" target=\"_blank\">Source<\/a><br \/><br><br \/><center><hr\/><em>Posted from my blog with <a href='https:\/\/wordpress.org\/plugins\/steempress\/'>SteemPress<\/a> : http:\/\/www.bitcoingeek.me\/australia-warns-of-scammers-collecting-taxes-in-bitcoin\/<\/em><hr\/><\/center>",<br>"json_metadata":" \"community\":\"steempress\",<br>\"app\":\"steempress\/1.1\",<br>\"tags\":[\"news\",<br>\"blog\" " | | comment_options | "author":"vichetuc",
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