Australia Bitcoin Association

Australian Bitcoin Industry Reacts to Tax Proposals

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.

Australian firm digitalBTC makes history today as the first bitcoin company to trade on a mainstream stock exchange.

The advocacy group says Australia's government needs a 'practical approach' to bitcoin, defining it as money for taxation.

Australian broadcaster ABC reports that a local company will import and install the ATMs across the country.

The Australian Bitcoin Association is officially accepting members, having completed the process of becoming a fully-fledged legal entity.