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Topic: [2015-08-04] Australia considering to regulate Bitcoin as currency (Read 491 times)

full member
Activity: 147
Merit: 100
good news in general, maybe this is just the begining and some others countrys start to think about it too?

what do you think?, im pretty sure this will happend soon or later but if this finally goes real then we can start to talk about a BIG step is done.

As long as Australia's bitcoin regulation actually works. One of the defining characteristics of Bitcoin is its unregulated nature, or at least unregulated by people. I think that bitcoin may be hampered by these regulations.
legendary
Activity: 1401
Merit: 1008
northern exposure
good news in general, maybe this is just the begining and some others countrys start to think about it too?

what do you think?, im pretty sure this will happend soon or later but if this finally goes real then we can start to talk about a BIG step is done.
legendary
Activity: 4298
Merit: 1317
Competition is a great thing. Particularly between governments. This is a perfect examples.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
http://www.coindesk.com/australian-senate-committee-seeks-to-overturn-bitcoin-tax-ruling/


they know that they would lose alot of the BTC business if they dont change their laws - pretty amazing what Bitcoin is doing...
tyz
legendary
Activity: 3360
Merit: 1533
In a recent development, Australian senate’s Economics References Committee made a report and reviewed the digital currencies in Australia. Their finding is that all cryptocurrencies should be treated as currency for the purposes of Goods and Services Tax (GST) rather than intangible asset – the stance which Australian Taxation Office (ATO) maintained previously.

https://99bitcoins.com/australia-considering-to-regulate-bitcoin-as-currency/
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