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Australian Bitcoin Adoption Increases Following Regulatory Amendments

Markets and Prices In recent months, the Australian government has sought to amend its bitcoin regulations – which were previously notoriously unfavorable to businesses and individuals seeking to use and adopt cryptocurrency. The Australian cryptocurrency industries have since shown signs of significant growth, with many industry insiders attributi

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Australia Ends Double Taxation of Bitcoin, Cryptocurrencies

The Australian government has finally and conclusively provided a legislative end to the double taxation of Bitcoin and other cryptocurrencies. The bill will retroactively be enforced to July 1 of this year, as had been promised earlier in the year.The bill ends the practice of taxing the purchase of Bitcoin and other cryptocurrencies, according to the Australian goods and services tax (GST). The

Australian Government: Bitcoin Is Causing Organized Crime to Proliferate

Regulation The Australian government believes it has honed in on the cause of increased organized crime. According to an (ACIC) report, bitcoin and cryptocurrencies are to blame. Officials in the country suggest cryptocurrency usage in organized crime has run rampant. Also read: Moscow Stock Exchange Prepares to Trade CryptocurrencyThe re

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