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Topic: Australian Gov Regulations on Cryptocurrency by search (Read 419 times)

legendary
Activity: 1358
Merit: 1000
This was in the news sometime back - Australian banks pulling the plug on bitcoin companies.
http://www.reuters.com/article/us-australia-bitcoin-banking-idUSKCN0RM06020150922


yes because they are investing in major bitcoin players and dont want to support 3rd party vendors
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
This was in the news sometime back - Australian banks pulling the plug on bitcoin companies.
http://www.reuters.com/article/us-australia-bitcoin-banking-idUSKCN0RM06020150922
legendary
Activity: 1358
Merit: 1000
no regulations recently
but one guy getting prison for selling MDMA and LSD which he obtained via silkroad
http://www.austlii.edu.au/cgi-bin/sinodisp/au/cases/act/ACTSC/2015/352.html

and it seems that the only real regs are that bitcoin should be treated as foreign currency in regards to income tax
http://www.austlii.edu.au/cgi-bin/sinodisp/au/other/rulings/ato/ATOPRP/2015/prp2015-03/prp2015-03.html

seems most of his crimes where commited using fiat,
legendary
Activity: 4424
Merit: 4794
no regulations recently
but one guy getting prison for selling MDMA and LSD which he obtained via silkroad
http://www.austlii.edu.au/cgi-bin/sinodisp/au/cases/act/ACTSC/2015/352.html

and it seems that the only real regs are that bitcoin should be treated as foreign currency in regards to income tax
http://www.austlii.edu.au/cgi-bin/sinodisp/au/other/rulings/ato/ATOPRP/2015/prp2015-03/prp2015-03.html
legendary
Activity: 1358
Merit: 1000
I read in one part it says Bitcoin is not backed by any liability, index or assets

it would say the its liability is its accountability to reign in excess money printing and inflation

at the cost of electricity nwtworking and technology

it is backed by currency indexs

and

its assets are the most powerful supercomputing network in terms of

cryptographic strength, the people and their intellectual property

which is extremely vast,  and power generation equipment,

it could also be said that Crypto users now actually hold some rights

over access to the telecomunications infrastructure on which the

networking singnals travel,
newbie
Activity: 53
Merit: 0
Better search Cryptocurrency Australia on http://bitcointalk.ninja
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