Australia Issues Warning About Scammers Demanding Bitcoin

A warning has been issued by the Australian Taxation Office (ATO) about a new scam going around. The said scam revolves around a bunch of scammers trying to coax people to “pay taxes in bitcoin”.
The scam had reportedly been going on since last year. There had been multiple reports of Australians being called by someone who guises themselves as the tax office, claiming that the victims owe funds in unpaid taxes which should be paid in bitcoin. According to a press release from ATO, the scammers have already received approximately 50,000 Australian Dollars (39,400 in USD).
The ATO also warned residents regarding paying “direct deposits into third-party bank accounts, demanding payment via iTunes cards or with a prepaid Visa gift card” same goes for cryptocurrencies. They also clarified in their website that approved payment methods include credit and debit cards, bank transfers or online bill payment system BPAY. They emphasized that crypto is not in the list.
Kath Anderson, ATO’s assistant commissioner, said that it was “inevitable that scammers would target cryptocurrency” especially with its rise to prominence last year. She also said: “Cryptocurrency operates in a virtual world, and once scammers receive payment, it’s virtually impossible to get it back.”
Also part of the ATO release was an advice for residents who are uncertain about a tax call to contact the ATO. They once more made it clear that threats which involve police or legal action are definitely not from ATO.

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