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?
This is incredible news, could we be seeing the start of the massive adoption by the public of bitcoin? I think the answer is yes.
I think not all people in Australia are being updated with this new so maybe this will be really an incredible news but only for Australians who already know bitcoin I guess, there will be a massive adoption if bitcoin will be introduced to the public by many people or businesses who are already using bitcoin .
Guess your right with that since not all people are updated to new technologies and digital assets, But for this acceptance/threating acts well this can give a good boost to bitcoins to get more acceptance and accumulate high demands in future and im so sure that the domino effect of this will be the high leap of the price of the history, And surely people will love this one since bitcoins has no tax deduction if people will stake and use it.