Since July 1st, bitcoin will become a “currency in australia”

Since July 1st, bitcoin will become a “currency in australia”

At present, the use of the digital currency, consumers can effectively take the two consumption tax: one is in the purchase of digital currency, one is in the use of digital currency in exchange for other goods and services in accordance with the consumption tax.

It is understood that Australia has been officially confirmed, from this year will be “like money” bitcoin, no longer need to double taxation. From July 1, 2017 onwards, the purchase of digital money will no longer be the consumption tax constraint allows digital currency to be considered to meet the consumption tax money. At present, the use of the digital currency, consumers can effectively take the two consumption tax: one is in the purchase of digital currency, one is in the use of digital currency in exchange for other goods and services in accordance with the consumption tax.

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