Australia will continue to treat Bitcoin as a digital asset and not foreign currency

Australias Anthony Albanese-led government issued a clarification on Bitcoins (BTC) treatment. On its first federal budget, the government said that BTC will continue to be treated as a digital asset and not a foreign currency. The Australian governments clarification is a response to El Salvadors adoption of Bitcoin as the countrys legal tender last year. This means that the Australian government is effectively ruling out a change in BTCs classification despite the crypto being used as currency in El Salvador and the Central African Republic, Cointelegraph reported. BTC would be...



source: https://tokenpost.com/Australia-will-continue-to-treat-Bitcoin-as-a-digital-asset-and-not-foreign-currency-9806

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