Crypto 'Income' & Wallet Ownership Deliniation

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 · Accepted Answer

greg458263 · Answer

By finding the KYC attached to each wallet. If the ATO make a claim you are transferring money to yourself then they have to prove it. If they ask the overseas entity about the wallet will that entity deny any involvement and point the finger at you? Ownership of a crypto wallet can be demonstrated by using the wallet app to sign a message. It can't necessarily be proven that someone owns a crypto wallet if no one comes forward and it's not traceable to a KYC account. I don't think there's any worries here.

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