FastBitcoins Expanding Bitcoin Buying Services To Australia
Bitcoin investment platform FastBitcoins has announced an expansion to Australia to meet growing demand for BTC investment there.FastBitcoins, a platform that lets people invest in BTC online or in-person through prepaid vouchers, has announced that it will expand its platform to Australia and let customers there purchase bitcoin directly through their bank accounts.An announcement shared with Bitcoin Magazine explained that the move was motivated by a growing interest in bitcoin among Australians and that it was enabled through a partnership with POLi, a local online debit payment....
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FastBitcoins, which sells BTC via the Lightning Network, will give users half of the on-chain fees they would have incurred for transactions. The post FastBitcoins Gifting Customers 50 Percent Of On-Chain Transaction Fees For Using Lightning appeared first on Bitcoin Magazine.
Australia's leading bitcoin services company, CoinJar, published a blog post on Tuesday noting that a recent tax guidance from the Australian Tax Office (ATO) issued in August will impact the buying and selling of bitcoin on the service. According to the guidance, the supply of bitcoin is taxable for GST - the goods and services tax. What this means for consumers depends on the situation. Here's how CoinJar says it's all expected to play out: Buying bitcoin. As per the guidance, when buying bitcoin is Australia, the GST is applicable. Therefore, any price quoted to the buyer should include....
The use cases for blockchain technology are expanding every day into the minds of many. Just recently the Australian Financial Review reported the Australia Post will consider the concept of using distributed ledger technology to store digital identities. Australia Post chief executive Ahmed Fahour said that parcel operations could experience an....
Digital currency exchange and wallet provider Coinbase has extended bitcoin and ether buying to customers in Canada and Singapore, within days after announcing the same feature to Australian users. Firmly in its global expansion phase, bitcoin and ether exchange and wallet Coinbase has now enabled its bitcoin and ether buying feature to customers in Canada and Singapore. Users in the two countries will be able to purchase the cryptocurrencies instantly with their debit and credit cards. Canadian users will be restricted to buying bitcoin and ether while not being to sell them just yet,....
A major Australian delivery company is looking into possible applications for blockchain technology. The Australian Financial Review reported today that the government-owned Australia Post, which declared AU$6.4bn (roughly $4.75bn) in 2013-2014 revenue, is currently researching how the technology could be applied in identity services. "The future is going to be a digital identity, so that when you say who you are, I can tell who you are," Australia Post CEO Ahmed Fahour said during a business conference in Australia this week hosted by AFR. "A lot of people are....