The Australian government decides it's really into Bitcoin
 

The Australian government decides it's really into Bitcoin
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Is it because the creator of Bitcoin could, just maybe, be an Aussie?

The day after the mysterious Craig Wright told news outlets*he was the father of Bitcoin, which many people continue to very much doubt, the Australian government included a number of crypto-currency-friendly measures in its 2016 budget.

SEE ALSO: Global tech companies to pay up as Australia gets its own 'Google Tax'


Tuesday night local time, the government repeated its proposal, first an**unced by Treasurer Scott Morrison in March, to end the double taxation of Bitcoin in Australia. The*Australian Taxation ****** currently treats*Bitcoin as a commodity rather than a currency, meaning both the*Bitcoin transaction and the goods purchased are*liable for a 10% Goods and Services Tax (GST). Read more...


More about Budget 2016, Blockchain, Bitcoin, Australia, and Techhttp://feeds.feedburner.com/~r/Mashable/~4/_RiIzUhGL64