Australia Will Recognize Bitcoin as Money and Protect Bitcoin Businesses, No Taxes

in #upd • 7 years ago

UPD: The Commonwealth Scientific and Industrial Research Organisation (CSIRO), the federal government agency for scientific research in Australia, stated that Blockchain technology will have a profound impact on the Australian economy.

Bitcoin will be treated as money in Australia by July 1, 2017, and will be exempt from goods and services tax (GST). Bitcoin traders and investors will not be taxed for purchasing and selling Bitcoin through regulated exchanges and trading platforms.

#bitcoin
7 years ago in #upd by
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