The
Australian government decides it's really into Bitcoin
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).
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Budget 2016,
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