Treasurer Scott Morrison said digital currencies such as Bitcoin will be exempt from GST and restrictions on crowdfunding eased, under changes to boost the fintech sector.
The government will also reduce tax barriers for venture capital investing in fintech companies and is working with the corporate regulator on a "regulatory sandbox" for start-ups that will allow them to focus on developing new products first and regulatory requirements later.
Read more: http://www.afr.com/business/banking-and-finance/scott-morrison-to-scrap-gst-on-bitcoin-cut-fintech-red-tape-20160321-gnn28r#ixzz43WIXmhiw
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Topic: [2016-03-21] Scott Morrison scraps GST on Bitcoin, cuts fintech red tape (Read 253 times)
March 21, 2016, 03:23:34 AM
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