Topic: [2016-02-24] - Removing GST on Bitcoin Transactions in Australia (Read 337 times)

Kprawn

legendary

Activity: 1904

Merit: 1074

I wanted to pose this question, and then it got answered in this article.... " These discussions about creating a more open financial ecosystem come at an interesting time, considering how the ACCC recently ruled Australian banks did not collude to slow down Bitcoin competitors. With so many Bitcoin startups in the country finding their bank accounts being closed without clear reason, an investigation was launched which yielded little result. "

The regulation is welcomed, if it's not over regulated. Now the banks must change their view on Crypto currencies, if the governments accept it, or did the government

accept it, because the banks are moving towards the same direction... who would know... Roll Eyes

virtuose247

member

Activity: 78

Merit: 10

The concepts of Bitcoin and FinTech seem to be confusing a large amount of politicians around the world, as their natural reaction is to overregulate these industries and preserve the financial ecosystem as we know it. But that situation is about to change, as FinTech Australia put together a manifesto for the federal government to expand the current ecosystem and allowing FinTech startups to breathe and grow at the same time.

http://www.newsbtc.com/2016/02/24/fintech-australia-paving-way-removing-gst-bitcoin-transactions/

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