ATO decides Bitcoin is not real money
By Joe Kelly · 21 August 2014 · Economy
By Joe Kelly · 21 August 2014 · Economy
The Australian Taxation Office has dealt a blow to businesses capitalising on Bitcoin, but what does this mean for Australia's start-up sector and innovation? Find out what's at risk and why digital currency advocates are pushing back.
The Australian Taxation Office has dealt a blow to businesses capitalising on the growth in crypto-currencies like Bitcoin by finding virtual currencies should not be treated as money. The move has triggered a push back with digital currency advocates warning of reduced competitiveness, weakened innovation and a further assault upon Australia’s struggling start-up sector. In […]
Tags: ATO, bitcoin, Foreign Exchange, Start Ups