Bitcoin Down Under: Australia Bags 4th Spot In Global Crypto Adoption – Survey
Bitcoin adoption has always been the subject of rigorous debates in many countries today. With financial powerhouses such as the U.S. and China still taking a hard stance against cryptocurrencies, it remains to be seen if the adoption of crypto by different nations will reach its peak in the near future. After all, the respective […]
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Australia’s overall crypto perception improved in 2020 but adoption among women is still lacking. A recently published survey by the cryptocurrency exchange platform Independent Reserve shows nearly 20% of young adults in Australia own virtual currencies in 2020.According to the 2020 edition of the Independent Reserve Cryptocurrency Index (IRCI), Australia’s general crypto sentiment improved significantly compared to 2019. Indeed, figures from the IRCI survey put the 2020 crypto index at 47, a gain of over 10% from its previous value of 42, published in the 2019 reportThe survey, which....
Australia continues to embrace cryptocurrencies in every sector of its economy. This time, the digital assets have featured in this year’s Christmas festivities. According to a recent Crypto.com survey, “crypto-centric gifts will feature prominently under the Christmas tree in Australian homes this year.” The October survey by the crypto services provider covered 2,020 Australians aged between […]
Aussie top crypto exchange Swyftx, which boasts over 600,000 users across Australia and Newzealand, conducted its annual survey for September 2022. Interestingly, the results reveal that Australian females make more crypto profits than Australian men. Despite the market’s high volatility and downtrends, 72% of crypto users have reported profits on their investments. Furthermore, the average […]
Bitcoin adoption is increasing globally. Global jurisdictions are working through the tax implications for business and consumers. In Australia the local Bitcoin Association (BAA) is currently working with the relevant authorities, exploring the tax outcomes which are most appropriate. The following represents a summary of the full position paper prepared by the BAA for presentation to the relevant authorities. A full version of this position statement is available by contacting the Bitcoin Association of Australia. The full version includes all relevant case and legislative citations.....