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May 3, 2016 12:58 pm GMT
More about Budget 2016, Blockchain, Bitcoin, Australia, and Tech
Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/vAp_Acz_hNI/
The Australian government decides it's really into Bitcoin
Is it because the creator of Bitcoin could, just maybe, be an Aussie?
The day after the mysterious Craig Wright told news outlets he was the father of Bitcoin, which many people continue to very much doubt, the Australian government included a number of crypto-currency-friendly measures in its 2016 budget.
Tuesday night local time, the government repeated its proposal, first announced by Treasurer Scott Morrison in March, to end the double taxation of Bitcoin in Australia. The Australian Taxation Office currently treats Bitcoin as a commodity rather than a currency, meaning both the Bitcoin transaction and the goods purchased are liable for a 10% Goods and Services Tax (GST). Read more...
Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/vAp_Acz_hNI/
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