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RE: August to be a BREAKING month for Bitcoin ?

in #bitcoin7 years ago

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.

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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.