A new service by Living Room of Satoshi
allows Australians to send
BTC funds direct to a bank account in a single transaction.
First of all, why isn't the link a direct link? Is there a referal link hidden? Please change the url.
https://www.livingroomofsatoshi.com/If they sending a bitcoin to a Bank account, will it still be a Bitcoin or convert to Australian Dollar?
I think so. LRoS uses BPAY, which is for settling bills in Australia.
http://www.bpay.com.au/Apparently Australia has decided to double tax bitcoin with recent ruling.
That is terrible to be honest, and Australian banks are hostile to bitcoin. They are closing bank accounts that have links to bitcoin. I would say Australia is NOT bitcoin friendly whatsoever.