http://cointelegraph.com/news/112395/australian-tax-official-bitcoin-could-be-money-if-growth-continuesAustralia has however been on the cutting edge of Bitcoin development for some time and is one of the global leaders in Bitcoin startups, exchanges and even Bitcoin Teller Machines (BTCs) and of the approximately 13 million Bitcoins in circulation, valued at nearly US$7 billion, about 7% of which is in Australia.
This is a large chunk of the global Bitcoin community and the recently announced new rules have the potential to drive Bitcoin investment out of the country to greener pastures.
