Australia formally agreed to cancel the bitcoin digital currency double tax levy

Australia formally agreed to cancel the bitcoin digital currency double tax levy

The government agreed to double taxation of bitcoin digital currency, this decision caused widespread concern in the world, double taxation means that users are paying taxes in the purchase and consumption of digital currency. The Australian government agreed to disclose imported digital currency to domestic should also hope to publish relevant legal review results as soon as possible.

The Australian government officially responded to the Senate report, policy makers argue that in the current anti money laundering law (AML) and the financing of terrorism (CTF) rules, the introduction of digital currency to domestic countries should.

In the latest release of the article, the Australian government agreed to disclose the proposal, also hope to be able to announce the relevant legal review results as soon as possible.

Learned from the statement:

This review will consider the development of many Internet financial sector support measures, including Australia anti money laundering law / the current anti-terrorism financial system should put the digital currency trading is also included, and how to keep the technology neutral in the follow AML/CTF rules.”

The government continued to disclose such treatment will make Australia with Britain, Canada, and in line with the development of the Financial Action International Standards Organization (FATF) ad hoc committee recommendations.

“Australia is considering a variety of digital money can solve the cause of money laundering and terrorist financial risk plan.”

In addition, the Australian government has been committed to the development of Internet financial innovation, at the same time to block chain and through the use of digital currency to change the current law.

The government agreed to cancel the double taxation of bitcoin digital currency, this decision caused widespread concern in the world, the government will develop appropriate tax sources digital currency scheme, and whether it should create a special supervision group of the industry.

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