DigitalBTC Makes History With Australian Stock Market Debut
Australian firm digitalBTC makes history today as the first bitcoin company to trade on a mainstream stock exchange.
The Australian Tax Office has issued guidelines on how it will tax bitcoin, displeasing some in the local industry.
A banking professional lists the reasons banks are reluctant to deal with bitcoin, and it involves compliance and costs.
The Australian government has mentioned bitcoin on an official pension application form, which local experts say legitimizes digital currency.
Sensible policy is needed to legitimize bitcoin for banks and assist consumers and businesses, say Australian lawyers and groups.
Breaking with expectations, the ATO postponed its ruling on taxation of digital currencies – for now.