Australia Ready to Treat Bitcoin as a Regular Currency

[Falconer]

Its a good news for bitcoin community there. Actually I cant believe its government will treat bitcoin as its regular currency. I guess they maybe want to change their currency from AUD to bitcoin in few next years, so their currency could compete with USD, EUR, etc since bitcoin has higher rate exchange so far. Yeah I'm just guessing.

[harrymmmm]

Its a good news for bitcoin community there. Actually I cant believe its government will treat bitcoin as its regular currency. I guess they maybe want to change their currency from AUD to bitcoin in few next years, so their currency could compete with USD, EUR, etc since bitcoin has higher rate exchange so far. Yeah I'm just guessing.

'Fraid you're all messed up.

the gov in oz is not even remotely considering treating bitcoin as 'its regular currency'.
all that's happening is what seems pretty obvious to me, to treat bitcoin as just like another international currency. Not a lawyer, and i don't know how it will pan out, but that would be the right direction to go ... if they have the balls to do anything at all.

There's zero chance they would change aud to btc.
The higher exchange rate has zero relevance as competitiveness.

Whew.

[ikydesu]

Its a good news for bitcoin community there. Actually I cant believe its government will treat bitcoin as its regular currency. I guess they maybe want to change their currency from AUD to bitcoin in few next years, so their currency could compete with USD, EUR, etc since bitcoin has higher rate exchange so far. Yeah I'm just guessing.

'Fraid you're all messed up.

the gov in oz is not even remotely considering treating bitcoin as 'its regular currency'.
all that's happening is what seems pretty obvious to me, to treat bitcoin as just like another international currency. Not a lawyer, and i don't know how it will pan out, but that would be the right direction to go ... if they have the balls to do anything at all.

There's zero chance they would change aud to btc.
The higher exchange rate has zero relevance as competitiveness.

Whew.

You got the point. The gov is too stupid if they replace their "main currency" with "alternative currency" which still a baby.

[teddy5145]

I can smell the possibilities of Bitcoin prices rise to the top
and i can see rows of bitcoin ATMs on the street, with restaurant with "Bitcoin Accepted" Signs
Truly this is a good news for australians

I was actually thinking to move to Australia for college, anyone here for australia can tell me how it was

[Falconer]

Its a good news for bitcoin community there. Actually I cant believe its government will treat bitcoin as its regular currency. I guess they maybe want to change their currency from AUD to bitcoin in few next years, so their currency could compete with USD, EUR, etc since bitcoin has higher rate exchange so far. Yeah I'm just guessing.

'Fraid you're all messed up.

the gov in oz is not even remotely considering treating bitcoin as 'its regular currency'.
all that's happening is what seems pretty obvious to me, to treat bitcoin as just like another international currency. Not a lawyer, and i don't know how it will pan out, but that would be the right direction to go ... if they have the balls to do anything at all.

There's zero chance they would change aud to btc.
The higher exchange rate has zero relevance as competitiveness.

Whew.

You got the point. The gov is too stupid if they replace their "main currency" with "alternative currency" which still a baby.

They have their own plans in this situation, you couldnt just guess what will they get if they do that. Maybe they have planned something profitable for them, we can only wait what will happens.

[kelsey]

problem being is the current and future bitcoin ecosystem is all about the money changes which kinda defeats the whole purpose of p2p currencies.

all the people behind the supposed btc business', VC projects etc are simply the new breed of try to be bankers.

what the aus gov wants is a piece of the action, and the like of aus btc groups are happy to play along to get more fiat.


p2p currencies should be completely indifferent to what any gov defines them as.