Bitcoin treated as money in Australia from 1. july

[Aventhe]

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.

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[Slark]

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.
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/

[RedX]

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.

[PedroLinh]

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

[xSkylarx]

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.

[ekoice]

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.

[btcprospecter]

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

[Palmerson]

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.

[Don Pedro Dinero]

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.
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.

[marjoree]

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