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.