Topic: Bitcoin could be considered legal tender in Australia - page 2. (Read 1834 times)
As much as I feel this is a great thing for bitcoin I can't help but feel that the Australian Government may be doing this to try and make it so they can begin taxing it to make money off it. I really hope I am wrong though.
This is a BIG one:
http://www.theguardian.com/technology/2014/aug/29/bitcoin-could-be-considered-legal-tender-australian-tax-official-says
http://www.theguardian.com/technology/2014/aug/29/bitcoin-could-be-considered-legal-tender-australian-tax-official-says
Australia government is more progressive than China and US then.
If they know the tide of virtual currency can't be stop, they might as well embrace it and get some benefit from it.
I reckon its to do with tax. ATO has come out with some guidelines already. If its more legit, then the gov can get their cut.
Although this is the definition of legal tender, I would somewhat doubt that this would happen because of the fact that so many people (a smaller percentage every day) do not know what bitcoin is and a larger percentage (most people) do not know how to properly secure their bitcoin.
That's not a reason for it not to happen.This is the classic one: bitcoin can't be used until there is adoption; why adopt something that nobody uses?
It has to start somewhere.
Since when do people know how to secure their money (be it a CC or cash)?
This might be a big change for bitcoin community.
It is. Bitcoin and crypto in general is gaining more attention that your average trader would know. A lot going on unnoticed.
This might be a big change for bitcoin community.
You mean with specific regularizations.
As far as I know Bitcoin never was illegal in Australia.
Or I'm wrong?
As far as I know Bitcoin never was illegal in Australia.
Or I'm wrong?
legal tender, as in you can settle debts with it, like you would with AUD.
Nice!
You mean with specific regularizations.
As far as I know Bitcoin never was illegal in Australia.
Or I'm wrong?
As far as I know Bitcoin never was illegal in Australia.
Or I'm wrong?
legal tender, as in you can settle debts with it, like you would with AUD.
You mean with specific regularizations.
As far as I know Bitcoin never was illegal in Australia.
Or I'm wrong?
As far as I know Bitcoin never was illegal in Australia.
Or I'm wrong?
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