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?
This is incredible news, could we be seeing the start of the massive adoption by the public of bitcoin? I think the answer is yes.
Topic: Bitcoin treated as money in Australia from 1. july - page 6. (Read 6146 times)
Good to hear news like this one. But are you really sure they are not going to tax bitcoin? It's surprising from a government. If it's true more companies will strart to implement bitcoin just to avoid paying taxs to their government. It may help the small or medium companies at the end
This is wonderful news. Along with Japan, Australia seems to be taking the lead in recognizing the potential of Bitcoin.
Other countries, who have adopted a wait and watch approach, could learn from Australia.
More countries are yet to join this rally.These developments were the main reason for steady increase in bitcoin price.Hope India too would follow this path which would contribute more for bitcoin progress because india is the second largest populated country in the world. Other countries, who have adopted a wait and watch approach, could learn from Australia.
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?
This is good news.Australia is a big economy.
I hope that New Zealand will join Australia soon.This might help for the btc price to reach 2000 USD.
It will be even better if bitcoin is tax free.
That is astounding news for Australia. They can just granny amount money they want online in the form of bitcoins plus no taxes. That just makes them more profitable person on the earth. They can save any amount of money online from now to keep their families future safe and sound. I am guessing they will break the boundaries of economical system as the government itself taking part into the bitcoin as currency. They might implement more sophisticated system to use it smoothly within the country as well as for trading in rest of the world. Who knows bitcoin might just raise their economy and Australian dollars' value may raise too as rest of the world will be investing in bitcoins and indirectly pumping their dollar value per se. 
Really great to see more countries following what Japan started and i wish more countries doing so will increase the amount of new investors in the coin and we should seriously think about the scaling issues if not it would stall the development. Let us hope we have a solution for that pretty soon.
This is what my friend talking about since last day. Bitcoin is becoming mainstream and more country will be accepting bitcoin as currency. We expect more country will follow suit. Congratulations to Australia!
Yeah soon after bitcoin adoption from Japan more Countries have started to use bitcoin in a large scale. As a part now Australia have started to use bitcoin similar to mainstream currency. By the coming years we can expect more and more users into the bitcoin as well digital currency network.Well after Japan, Philippines followed also. Philippines Officially Legitimizes bitcoin as payment method. Though rules may vary in each country but we are going there that is acceptance and recognition in each country. Below is the cointelegraph link of news article.
Link : https://cointelegraph.com/news/the-philippines-officially-legitimize-bitcoin-as-payment-method
Not only will bitcoin be treated as money in Australia
the double tax system which was imposed on the traders for goods and services will also be scrapped off! These are among other factors contributing to bitcoins growth great move Australia
.
the double tax system which was imposed on the traders for goods and services will also be scrapped off! These are among other factors contributing to bitcoins growth great move Australia
.
Does it mean Satoshi was from both Japan and Australia at the same time? lol it's confusing or maybe they're competing to prove that Satoshi was from their country?
This however doesn't change anything from the root, of course if they start mining and have a vote in consensus and can actually effect the future of code in a good way that's something.
This however doesn't change anything from the root, of course if they start mining and have a vote in consensus and can actually effect the future of code in a good way that's something.
I heard this news on the cryptoverse earlier today. Great news for our fellow bitcoin enthousiasts in australia. Let's hope other countries start adopting this trend aswell!
Whoa, first Japan, and now Australia? Now let's see if the price don't spike high. Governments surely took notice of the developments in bitcoin and decided they want to have some fun as well. That's why they are starting to come up with these regulations, maybe they're anticipating increased use in the future. This also will make it more familiar and trustworthy for regular people, making increased adoption a self-fulfilling process.
Governments would still definitely benefit without the tax. They'll probably get something from the exchanges anyway, not to mention money would likely flow into their economies.
Japan was BTC acceptance bolstered market of cryptocurrencies, highly forward technological society is natural ground for crypto to thrive on.Governments would still definitely benefit without the tax. They'll probably get something from the exchanges anyway, not to mention money would likely flow into their economies.
Australia from the other hand is not that big, total population of Australia (24 million) is smaller than Tokyo metropolitan area 38 million people.
It still is totally badass move to accept Bitcoin as legal payment method (an no tax too!) but it will more of a symbolic gesture that anything else.
Australia has long taken steps that are leading many people to speculate if it´s headed toward a cashless society http://www.abc.net.au/news/2017-03-27/is-australia-on-the-brink-of-becoming-cashless-society/8377288. They are betting heavily on technology and in this sense it´s not at all strange this measure they have taken with regard to bitcoin. It´s clear that they bet on the use of bitcoin, the creation of companies and to attract investment. After the news from Japan now Australia, and what is to come, a change is coming and there are only two options, adapt or stay behind.
haha very familiar with all these reactions, I had to take a second look to make sure, thought I've read it wrong at first.
Truly's amazing to see more and more businesses and now countries accepting bitcoin. My money is on the Korea or Swiss to be next.
Truly's amazing to see more and more businesses and now countries accepting bitcoin. My money is on the Korea or Swiss to be next.
I already saw couple articles about this, I was even surprised when I saw this news on my language, some site noticed that and reported about this. Before bitcoin was double taxed, from 1 July bitcoin will be recognized as a currency and no more double tax. In one article I saw explanation, looks like many technology oriented companies left Australia, now they wish them to come back and now Australia plan to give them better conditions to grow their businesses. All in all good news for bitcoin, adoption started with Japan and now Australia, who is next?
Holy crap this is amazing. They explicitly said they won't be taxing bitcoins. What a great opportunity for everyone in Australia.
This is what my friend talking about since last day. Bitcoin is becoming mainstream and more country will be accepting bitcoin as currency. We expect more country will follow suit. Congratulations to Australia!
Yeah soon after bitcoin adoption from Japan more Countries have started to use bitcoin in a large scale. As a part now Australia have started to use bitcoin similar to mainstream currency. By the coming years we can expect more and more users into the bitcoin as well digital currency network.
This is what my friend talking about since last day. Bitcoin is becoming mainstream and more country will be accepting bitcoin as currency. We expect more country will follow suit. Congratulations to Australia!
Yeah soon after bitcoin adoption from Japan more Countries have started to use bitcoin in a large scale. As a part now Australia have started to use bitcoin similar to mainstream currency. By the coming years we can expect more and more users into the bitcoin as well digital currency network. 
So after the good news from Japan, we are having another one from Australia? This is great. I hope that very soon the other developed nations (especially the European Union and the United States) are going to follow them.
That is great news. One good news after another 
. I think Australis will be the next highest volume in Bitcoin when that acceptance is implemented. The best thing is that, buy and sell of Bitcoin is exempted of tax. I hope my country will implement such thing. but I doubt they will.
. I think Australis will be the next highest volume in Bitcoin when that acceptance is implemented. The best thing is that, buy and sell of Bitcoin is exempted of tax. I hope my country will implement such thing. but I doubt they will.
I've stumbled upon this type of thread that claims that Australia declared the acceptance of bitcoin. And what is truly fascinating about this is that they are not to impose any taxes at all. Obviously, many business minded person in Australia will start to adopt bitcoin in order to evade taxes. As a result, more and more people will be engaged in bitcoin, the demand for bitcoin will soar up, and to what we always wanted, we will see a tremendous increase in bitcoin's price. I'll be watching this 
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