Many in the Australian digital currency ecosystem were pleasantly surprised when in this year’s Budget the Australian Treasurer announced an effective date for the removal of ‘double GST’ on digital currency transactions. Effective 1 July 2017, the purchase of digital currency will no longer be subject to Australian GST.
If you’ve been reading the 2016 pundit predictions in the digital currency and blockchain space you’ll notice a strong trend. Bitcoin is back! A number of articles (I’ve included some below) are calling this the comeback year for Bitcoin. So what has changed? Bitcoin still is… well
I recently had a chat with Tommy from the awesome Future Sandwich [http://futuresandwich.com/?p=93] podcast. Enjoy and subscribe to it on Soundcloud [https://soundcloud.com/tommy-mccubbin/breaking-down-bitcoin] or iTunes to keep up with this great new show.
This week two Spanish-born residents of London, Edurne and Mayel, sealed their union on a blockchain [http://www.bloombergview.com/articles/2015-12-01/i-attended-the-first-official-digital-wedding] . What makes this interesting is that they were the first to use the recently announced public notary service being offered to Estonia e-residents via Bitnation’s platform.
This week the Australian Senate Economics References Committee released its report in to digital currency [http://cur.at/UIfZv9A?m=web&sid=9dOeRhF] - ‘Digital currency—game changer or bit player’ (yes, I kid you not, that’s the name of the report). Most media commentary regarding the report has
For some reason I tend to be a libertarian magnet. Every time I speak at a Bitcoin event I’m always approached by all the crazy libertarians in the room. In the main, they ask polite questions about where the world of Bitcoin is headed and what the legal landscape
TL;DR – I’M STARTING A WEEKLY CURATED EMAIL NEWSLETTER THAT COVERS THE MOST IMPORTANT HAPPENINGS IN THE WORLD OF BITCOIN – WWW.THEWEEKINBITCOIN.COM. I’LL ALSO BE INCLUDING SOME GREAT ARTICLES FROM ‘COLD STORAGE’ FOR THOSE NEW TO BITCOIN. BEST OF ALL, IT IS TOTALLY FREE AND YOU CAN
Earlier today the Australian Taxation Office (ATO) released its much anticipated guidance on the taxation treatment of bitcoin [https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/] . Along with the guidance paper they released a slew of draft rulings. In their media release [https://www.ato.gov.au/Media-centre/Media-releases/ATO-delivers-guidance-on-Bitcoin/
If you’ve been paying attention to bitcoin news over the last few weeks, you would have heard about the release of the draft New York ‘bitLicense’ regulations. These proposed regulations have been met with a great deal of animosity from some portions of the bitcoin community, with many feeling
-------------------------------------------------------------------------------- This article does not constitute legal, accounting or tax advice. Any tax-related opinions in any part of this article are not tax advice, and were not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties or for promoting,