Does the ATO know about my crypto?

Does the ATO know about my crypto?" I asked with a hint of nervousness. The Australian Taxation Office (ATO) is a powerful institution, and the thought of them knowing about my cryptocurrency holdings made me feel exposed. I had been cautious about my crypto investments, but the possibility of the ATO being aware of them was a new concern. I had read about the increasing scrutiny on cryptocurrency by tax authorities worldwide, and the ATO was no exception. But I had also heard rumors that the ATO might not be as informed as they seemed, leaving room for taxpayers to hide their crypto assets. So, there I was, sitting in front of my computer, typing out my tax return, wondering if the ATO really knew about my crypto. Should I disclose my holdings? What would be the consequences if they found out I had been hiding them? These questions swirled around in my head, making me feel more anxious than I usually did during tax time. In the end, I decided to err on the side of caution and disclose my crypto holdings. After all, it was better to be safe than sorry when it came to dealing with the ATO.