Topic: [2014-08-29] Bitcoin could be considered legal tender, Australian tax official s (Read 712 times)
August 29, 2014, 04:30:28 AM
YEah, somehow I don't think they'll go fully into calling it legal tender. And I doubt the Australian tax commissioner actually makes the laws regarding this stuff. Is he a politician or just someone who works in the tax office? I'm assuming the former.
August 29, 2014, 03:30:52 AM
This seems to contradict their own guidelines published last week where they said that bitcoin is "not a currency", but "an asset".
August 29, 2014, 02:56:34 AM
http://www.theguardian.com/technology/2014/aug/29/bitcoin-could-be-considered-legal-tender-australian-tax-official-says
The Australian tax commissioner has left open the possibility that the digital payment system bitcoin could be considered legal tender in Australia.
Bitcoin has been described as a type of “virtual currency” where users can pay for goods and services, and can even create their own bitcoins to generate more currency.
The Australian tax commissioner has left open the possibility that the digital payment system bitcoin could be considered legal tender in Australia.
Bitcoin has been described as a type of “virtual currency” where users can pay for goods and services, and can even create their own bitcoins to generate more currency.
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