Bitcoin Australia Launches Preemptive Strike Against Restrictive Taxes
Australian bitcoin advocacy association Bitcoin Australia (BA) has published a paper detailing its recommendations for how bitcoin taxation should be managed by domestic authorities. By producing the paper, BA is preempting the Australian Tax Office (ATO), which is expected to release its own official guidelines sometime in the next few weeks. BA's recommendations are designed to fit within the framework of existing Australian federal tax legislation, factoring for income, capital gains and a goods-and-services tax (GST). At the proposal's heart, however, is the legal definition of digital....
Related News
The battle to recover the 14 million stolen Ether continues, today the hacker responded to the 'Robin Hood' attack with another stratagem: the malicious attacker managed to infiltrate the child DAO controlled by developers and researchers of the Ethereum community. The DAO Token Holders received bad news today, after a team lead by ex-DAO curators, Slock.it employees, researchers and Ethereum foundation members managed to launch a counter-attack -known as the Robin Hood attack-. The preemptive strike was intended to secure the remaining The preemptive strike was intended to secure the....
Lightning Network payments app Strike is now available to users in El Salvador, giving them access to a next-gen remittances system.
“Today, anyone with a Strike account, no matter their employer, can get paid in bitcoin,” founder Jack Mallers said.
Bitcoin faced intense selling pressure following renewed geopolitical tensions in the Middle East, as Israel launched a preemptive strike on Iran. The news sent shockwaves through global financial markets, triggering a wave of risk-off sentiment and sharp liquidations across major crypto exchanges. BTC dropped over 5% in the aftermath, briefly dipping below key moving averages […]
Gold Coast is one of the leading cities in Australia in terms of crypto acceptance. Mayor Tom Tate stated on Monday that city residents might pay taxes and rates using cryptocurrencies in the coming months or years, despite the fact that skeptics and experts cite volatility as a big concern. As of March 2021, Statista […]