I've just read that Australia will start accepting bitcoin as a currency from July 1st. Also allowing bitcoin to be integrated better into the economy and offers no tax on it. Anyone else read about this?
Yes i know that from my Australian contact on Twitter.Great news Australia is much more related to China than to Westerness world.Maybe we will have another btc hub there
What does it really mean,what connection does this have anything related to China,did they regularize bitcoin,if so i have not heard about that.The only Asian country that made bitcoin legal is Japan and so is the reason we are seeing a rally in price with other positive news and bigger investments.It good to see more countries accepting bitcoin.
I think these explains the crazy pumps that is been happening lately. I think more and more countries will be accepting these digital currencies, who wouldn't want a good way to rise their economy right? I just hope it will not have any negative results from these decisions. We all know that there are always abusive people who will take advantage of these situation.