Agnes Water Becomes the First ‘Digital Currency’ Town in Australia
More than 30 local businesses, including restaurants, resorts, tour operators, and spa owners will start accepting payments in a range of digital currencies.
The Reserve Bank of Australia is convinced that the development of such digital currency as bitcoin won’t endanger the financial system.
More than 30 local businesses, including restaurants, resorts, tour operators, and spa owners will start accepting payments in a range of digital currencies.
While U.S. and European banks ban buying bitcoin with credit cards, Australia’s biggest banks have confirmed that they are not barring customers from purchasing cryptocurrencies.
In a new review, the Australian Senate Economics References Committee recommended to treat bitcoin as any other currency for the purposes of the Goods and Services Tax.