Australia recognizes Bitcoin as money

in cryptocurrency •  7 years ago  (edited)

australia-62823_640.jpg

Australia recognizes Bitcoin as money.

This measure aims to make the country more attractive to companies from the industry.

The double tax on Bitcoin will be omitted from next month on. The cryptocurrency is now treated just like normal money. The Australian government was initially critical of the cryptos, fearing money laundering and illegal transactions. Now the government has rejected this opinion.

In a statement:
"The government will make it easier for companies working with cryptos to get involved in Australia."

There are several Bitcoin exchanges in Australia. One of the most famous is the stock market Coinjar, which makes it easy for Australians to buy bitcoins.

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Where is the source for this info?

  ·  7 years ago (edited)

I don't care if I had to use google, you quoted something therefore you should provide a source as well.
By the way I'm not having a jab at you :)

About time!

Hear hear!

very good news ☺

That's an interesting move if accurate....

I was thinking the same thing. Now I need to go and look into it more. Add one more thing to the list of things to do today ;)

this is superb info

great news for all the cryptos!

Hopefully the USA follows along without wanting to regulate it out of the ass.

They WILL try to regulate, so let us just hope they keep their head in the sand ;)

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