Two representatives of the main political parties in Australia urge the government to embrace the digital currency and its underpinning technology blockchain.
A recent Future of Money survey demonstrated that one in three Australians would prefer Bitcoin and other innovative financial technologies to their banks.
CoinJar announced the general release of CoinJar Swipe allowing its customers to spend their bitcoin at over 820,000 retail terminals and withdraw cash from bank ATM.
Financial institutions in Australia are in plans to spend AU$1 billion to build new platform for online payments.
Australian law enforcement agency is investigating bitcoin’s role in organized crime, just as politicians and financial regulators embrace the digital currency as a legitimate part of modern business.