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RE: The War On Cash: Australia Considering Chipping Senior's Money To Stop Them From Saving

in #australia7 years ago

Great article as usual Jeff. However, I am perplexed as to why Australia would think about loosening their double taxation on digital currencies. Hoarding is hoarding, especially in the digital currency world. You could easily move funds into Monero, PivX, or Verge far out the eyes of government. Could their actually be some good folks who appreciate Cryto currency and privacy? I bring this up because Crypto Currency/Digital Currency and the war on cash are mutually inclusive conversations because there are no other alternatives. So lightly encouraging its people by relaxing taxes could potentially be counter to their war on Cash. Here is the source for the Double Taxation article.
https://www.ethnews.com/australia-rejects-double-taxation-on-digital-currencies-after-july-1-2017

Thanks for your amazing and thorough reporting as usual. Just sharing my 2 satoshi.

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Yeah, I see it similarly. Bring it on I say. The more they attempt to oppress us, the more we will find an alternative, with the greater exposure of crypto's coming at the ideal time.