Quote from: jseverson on April 25, 2018, 09:14:55 AM

That really just about sums it up perfectly. It seemed to me like the only problem they have with Bitcoin in the first place, is that it could easily be used for criminal activities. This is clearly not the case though, with blockchain analysis and whatnot, and some governments are starting to realize it. It's a low risk additional source of revenue. For as long as legalization is done right, it's a fair compromise in my opinion.

It is also important to know that, after recognizing bitcoin as a means of payment, the Australians, in addition to the tax, have faced another regulation - the introduction of criminals into anti-money laundering and terrorism legislation.

Introduced by the Australian Justice Minister Michael Kinan, the initiative pays special attention to sanctions for illegal operations with bitcoins. It provides for punishment not only for providers who operate without licenses, but for their clients - for the use of obtained from unlicensed crypto sources (as a result of operations with an unregistered digital exchange rate provider). For the above-mentioned violations, it is proposed to be imprisoned from 2 to 7 years and fines of 100 to 400 thousand dollars, depending on the severity of the violation and the previously received warnings from the regulatory authorities.

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