Australia To Recognize Bitcoin As Money
This is just a quick article I read and I thought I would share. Originally in order to except Bitcoin the government of Australia "double taxed" the usage by buisnesses and patrons alike. But as of July 1, 2017 this is all going to change. Basically the government finally woke up and saw that by implementing such rules it fell way behind against other countries in economic growth in conjunction with the use of Bitcoin and exchanges.
NO MORE (GST) General Sales Tax for good and services. This is a complete reversal and one of the most brilliant moves I've seen a government do for it's economy and it's people. Congradulations Australia! Click the link and read the article.
Australia shot itself in the foot and realized that they were heading down the wrong economic path.
I believe this is the most effective way for a mass population of people to except crypto currencies as a whole. Obviously it is also one of the best marketing techniques to employ. I hope other countries on the planet take note and follow suit as this would relieve the plight of the less fortunate and promote the general welfare.
I would love to see a country like Mexico adopt the same policy and stick it to Trump in the process (just my humble opinion). If Canada and Mexico did it together the U.S.A. would be forced to do the same.
