Australia banned Bitcoin?

in #australia • 7 years ago

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In December 2013, the governor of the Reserve Bank of Australia (RBA) indicated in an interview about bitcoin legality stating,

"There would be nothing to stop people in this country deciding to transact in some other currency in a shop if they wanted to. There’s no law against that, so we do have competing currencies."

Australia has officially confirmed it will treat bitcoin “just like money” on 1 July 2017 and it will no longer be subject to double taxation.

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7 years ago in #australia by
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