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Author Topic: Australian Bitcoin Exchange  (Read 1136 times)
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May 23, 2011, 02:10:27 AM

I'm an Australian and just started with bitcoins. I think it's a fascinating idea but a little concerned there aren't any formal exchanges for AUD <-> BTC. I've looked at the new site, which seems to be mostly a blog about bitcoins by a regular forum contributor, and the site which doesn't look automated but might very well be in the future.

So I'm seriously thinking of creating an Australian bitcoin exchange. I've got some experience with web apps, in-house finance apps, etc. so while it will be hard, I can see the technical road ahead. Just want to gather some ideas first from the community before I commit to anything.

1. Would you prefer direct trade or some sort of escrow? Is the trustability of the average Joe Bloggs a big deal for you? Is my trustability a big deal for you?
2. What would be a reasonable % fee for the service?
3. Does anyone know of Australian financial regulation concerning monetary exchanges? e.g. since Bitcoins are not legal money, are they subject to GST?
4. What kind of data does need to display their charts?
5. Are there any standard API's for doing transactions on the usual markets? Might be useful for someone who wants to automate on top of a platform.

Glen Low
Pixelglow Software
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May 23, 2011, 02:23:57 AM

hey, noagendamarket and I are working on a project...

Should contact us at #bitcoin-aus on freenode.  We have an unique business plan.

One off NP-Hard.
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