I'm pretty sure that Australia has done a similar thing, except the taxation on bitcoin was actually 10% in their country? It's extremely positive news for bitcoin in general, but more specifically for these bitcoin traders in the countries. I'm sure that now there will be a lot more regulated exchanges willing to pick up bitcoin trading, and more merchants accepting it as well.


I agree with this. It was essentially a double taxing, governments have no right to tax their citizens unfairly like this, and they pocketed the change for themselves. But at least they corrected their mistake, unlike most other countries in the world who don't even bother to look into bitcoin more before banning it altogether.