indeed! we simply cannot underestimate the untapped market potential of cryptocurrency. still only a small portion of the world is aware, less than that are involved. even with the current spree of crypto adoptions in major countries, remember that a huge portion of the world is still not online, or does not own a cell phone. there are so many new users available to crypto that it's very hard to imagine any kind of real slow down for years to come. add to this the movements of china and others to return to gold-backed monies and away from the petro-dollar, and things should really be just fine!
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Here is one article discussing Australia's move towards it. https://news.bitcoin.com/bitcoin-double-taxation-ends-australia-july-1st/
I will get some more sources for you tonight after work, currently on a cell phone and links suck this way.
I think it's a great move by Australia to do this. But removing GST from the purchase of cryptocurrency isn't necessarily the same as recognizing it as a currency, though. And to be honest, I'm not so sure if having states and central banks recognize cryptocurrency as a currency is even a good thing. It's great to avoid the tax, but there may be broader implications that ought to dampen our enthusiasm for such a move.
Thank you for the reminder about getting more sources on @Australia and their move concerning #Bitcoin. I am home now and can provide more links:
https://cointelegraph.com/news/australia-will-recognize-bitcoin-as-money-and-protect-bitcoin-businesses-no-taxes
Well, maybe not many more sources as everything I have found links back to the Coin Telegraph article so no use in posting them all.