Topic: Bitcoin treated as money in Australia from 1. july (Read 6122 times)
Wow! This is totally cool. One of the great news. This is another milestone for Bitcoin. Regarding this, it could be a way for advertising to other country that allowing bitcoin means that the capability of paper money could be done with this too but more accessible
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Wow, this is certainly good news. However, I have also not been able to find any official statements about this from any major websites or government release papers. If this is true, it is certainly a good thing to be done and I really hope other countries will follow this example.
It certainly looks like the world is changing towards a unified currency that can be used across all countries, and changes like this are the first piece of the puzzle to making this come true.
That is because Bitcoin is still no legalized in Australia and we can still only speculate of the final term of legalization.It certainly looks like the world is changing towards a unified currency that can be used across all countries, and changes like this are the first piece of the puzzle to making this come true.
I've searched to see if there are any solid sources of info about Australian Legalization and it seems that this article is the best clue we have:
https://themerkle.com/australia-may-fully-legalize-bitcoin-if-bipartisan-proposal-is-approved/
I think this article is good as well:
https://www.ft.com/content/4cd5cc3c-8309-11e7-a4ce-15b2513cb3ff?mhq5j=e5
I don’t think we can just speculate on the outcome. What seems to be happening is that there has been a proposal to regulate cryptocurrencies, especially to fight money-laundering, and the it still has to pass some legal steps.
The proposal comes from the Liberal and Labor parties and there is nothing in the articles that makes me think it won’t be finally approved. However, I don’t know much about Australian politics so I don’t know if it is enough with the votes from both parties to pass all the stages.
It would be interesting if someone from Australia could enlighten us. Anyway, we will know in the future.
As more and more countries start to embrace the digital age we live in it will be even easier for bitcoin and other coins to emerge to the forefront. Old paper currency has to change and with that will come a change in the way we control our own currency
I hear news like this constantly but no real steps for the legalization of bitcoin there. In fact, governments are not profitable to legalize cryptocurrency. They don't know how to take taxes from the users but it does not recognize it. That's their whole insidious psychology. Bitcoin is the people's property and legalization can only do harm.I think both articles make pretty clear that there are real steps for legalizing bitcoin there.
As more and more countries start to embrace the digital age we live in it will be even easier for bitcoin and other coins to emerge to the forefront. Old paper currency has to change and with that will come a change in the way we control our own currency
I hear news like this constantly but no real steps for the legalization of bitcoin there. In fact, governments are not profitable to legalize cryptocurrency. They don't know how to take taxes from the users but it does not recognize it. That's their whole insidious psychology. Bitcoin is the people's property and legalization can only do harm. 
As more and more countries start to embrace the digital age we live in it will be even easier for bitcoin and other coins to emerge to the forefront. Old paper currency has to change and with that will come a change in the way we control our own currency
Yes,bitcoin would be treated as money in australia.The government had announced that it would do all things to make easier for digital currency businesses to operate in australia.Australians were paying two times taxes for bitcoin when buying in a exchange and when buying any products using bitcoins.Now,government has announced that there is no need to pay taxes when buying bitcoins from an exchange or trading platforms.It has decided to take steps to prevent local banks from denying banking services to bitcoin businesses and exchanges.Such steps would definitely help for progress of bitcoin related industries in australia.
I have some friends from Australia and for them it is very convenient for them to use bitcoin to do transaction and buy things from small amount of stores in their country and that is why people are getting more into bitcoin because of that ease in doing things. If other countries will do the same then they might experience the same result.
At the Blockchain NZ conference held in Auckland, New Zealand earlier this week, Bitcoin and security expert Andreas Antonopoulos emphasized the Australian government’s uninvolvement in its local Bitcoin market and the impact of such actions on Bitcoin businesses and exchanges.
More to that, Antonopoulos criticized the local government’s taxation policy on Bitcoin, which essentially drove away businesses and users from Australia to other countries
Governments can choose to either do nothing – which is okay, make things worse for cryptocurrency trading – like what Australia did by imposing sales taxes on all cryptocurrency transactions, or they can make things easier for companies by reining in the banks and encouraging companies by creating a level playing field
More to that, Antonopoulos criticized the local government’s taxation policy on Bitcoin, which essentially drove away businesses and users from Australia to other countries
Governments can choose to either do nothing – which is okay, make things worse for cryptocurrency trading – like what Australia did by imposing sales taxes on all cryptocurrency transactions, or they can make things easier for companies by reining in the banks and encouraging companies by creating a level playing field
Bitcoin accepted not by a country but by a continent is really a big news for bitcoin. Australia has a very good economy and it's effect on bitcoin is going to be very positive. All their neighbor countries will surely follow this trend.
Wow, this is certainly good news. However, I have also not been able to find any official statements about this from any major websites or government release papers. If this is true, it is certainly a good thing to be done and I really hope other countries will follow this example.
It certainly looks like the world is changing towards a unified currency that can be used across all countries, and changes like this are the first piece of the puzzle to making this come true.
That is because Bitcoin is still no legalized in Australia and we can still only speculate of the final term of legalization.It certainly looks like the world is changing towards a unified currency that can be used across all countries, and changes like this are the first piece of the puzzle to making this come true.
I've searched to see if there are any solid sources of info about Australian Legalization and it seems that this article is the best clue we have:
https://themerkle.com/australia-may-fully-legalize-bitcoin-if-bipartisan-proposal-is-approved/
I've just read that Australia will start accepting bitcoin as a currency from July 1st. Also allowing bitcoin to be integrated better into the economy and offers no tax on it. Anyone else read about this?
Wow, this is certainly good news. However, I have also not been able to find any official statements about this from any major websites or government release papers. If this is true, it is certainly a good thing to be done and I really hope other countries will follow this example.
It certainly looks like the world is changing towards a unified currency that can be used across all countries, and changes like this are the first piece of the puzzle to making this come true.
And seventeen days since the beginning of August which is even 1 month after the purported acceptance of bitcoin in Australia, yet I have not read anything about the confirmation of the news or a release from government that this is exactly the direction of what is going on. Like I always maintained, news like this are only meant for speculative purposes and nothing else.
I think we have expected too much of Australia adopting bitcoin. I think we have picture them similar to what Japan did when they legalized it. Price surge, trading volume is up and everything falls into the right places. But with Australia, its a different thing, not much impact so say the least. Only news I saw is about strengthening the country's Anti-Money Laundering And Counter Terrorism Financing Act which of course includes bitcoin. Although this is still a welcoming news for us when Australia started to adopt the bitcoin.
It is indeed a big step for a country to adopt bitcoin but the nothing will change even though it is accepted as money, unless every country treats it as real currency that can be used for everyday basis, actually it can be full adopted by all but the price and being anonymous is affecting the adoption of bitcoin, but as soon as everything is fixed we can assure that bitcoin can be used on daily basis, but the problem is it is not needed to be fixed and that is the reason why world is trying to find a solution for it to be official worldwide currency.
And seventeen days since the beginning of August which is even 1 month after the purported acceptance of bitcoin in Australia, yet I have not read anything about the confirmation of the news or a release from government that this is exactly the direction of what is going on. Like I always maintained, news like this are only meant for speculative purposes and nothing else.
I think we have expected too much of Australia adopting bitcoin. I think we have picture them similar to what Japan did when they legalized it. Price surge, trading volume is up and everything falls into the right places. But with Australia, its a different thing, not much impact so say the least. Only news I saw is about strengthening the country's Anti-Money Laundering And Counter Terrorism Financing Act which of course includes bitcoin. Although this is still a welcoming news for us when Australia started to adopt the bitcoin.
And seventeen days since the beginning of August which is even 1 month after the purported acceptance of bitcoin in Australia, yet I have not read anything about the confirmation of the news or a release from government that this is exactly the direction of what is going on. Like I always maintained, news like this are only meant for speculative purposes and nothing else
I second this view
Obviously, even if there was a news about Australia legalizing Bitcoin, it must have been quickly forgotten and abandoned in favor of giving more space to the whole showdown between different groups involved in Bitcoin that we had seen in July. That said, we, nevertheless, shouldn't completely discard the effect of Japan legalizing Bitcoin (another such news). Indeed, it was hyped then beaten to death, but the real effect seems to be still present, and it kinda looks the prices of over 4,000 dollars per coin that we see today are at least partially due to this event plus SegWit activation (and hype thereof)
Great news for Australia and for the world. This will set a new trademark in bitcoin era, and if more countries adhere, thinking of bitcoin as a currency, or atleast as a foreign currency, it's really new. Australia have always been a country that supports new things, and hopefully this would make others realize that bitcoin is not that bad after all.
that's right, maybe in a few months from now it will be adapted by some other countries until it officially be considered as money in all over the world, i cant wait to see it for myself especially in my country. they can see the full potential of bitcoin.
And seventeen days since the beginning of August which is even 1 month after the purported acceptance of bitcoin in Australia, yet I have not read anything about the confirmation of the news or a release from government that this is exactly the direction of what is going on. Like I always maintained, news like this are only meant for speculative purposes and nothing else.
wow thats good news bitcoin treated as money in australia i think have a big possibilities the bitcoin treated also as money in the other country follow the good decision of australian government to help the economy of the country using bitcoin as decentralized currency.
Great news for Australia and for the world. This will set a new trademark in bitcoin era, and if more countries adhere, thinking of bitcoin as a currency, or atleast as a foreign currency, it's really new. Australia have always been a country that supports new things, and hopefully this would make others realize that bitcoin is not that bad after all.
I've just read that Australia will start accepting bitcoin as a currency from July 1st. Also allowing bitcoin to be integrated better into the economy and offers no tax on it. Anyone else read about this?
Its a good news. Im wondering when will it be recognize as a legal currency in my counrtry.
Besides Japan, Austrailia will open the new era of making criptocurrency much closer in our society.
I've just read that Australia will start accepting bitcoin as a currency from July 1st. Also allowing bitcoin to be integrated better into the economy and offers no tax on it. Anyone else read about this?
Wow! another great news again if that happen, bitcoin will surely rise again. Just recently, that Japan declared bitcoin as their legal currency to their country, and awhile ago is China do the same thing to make bitcoin as their legal currency also. I can't wait to make that happen which is July 1, 2017.If this is true then this is another victory or great achievements for bitcoin history. Like credir cards or cashcards it is very safe to bring bitcoins pin numbers than cash or money in the street. Now a days more bad guys are now roaming in the street like pickpocket or holdup so in bitcoins you will not easily loss your hard earned money. Congrats to the Australian if that is true.
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