Bitcoin Trading Lower as it Faces Tax Regulations

By November 27, 2014Bitcoin Politics

Leading industry experts are considerably upset with the Australian Finance Ministry after they expressed interest in considering Bitcoin a commodity in order to levy a tax. Many in the Bitcoin community feel that such regulations will surely hamper the crypto-currency’s growth in Australia and may force individuals and companies to take their businesses overseas. This will prevent Bitcoin from developing into an enriched asset that can enable transactions from anywhere around the world.

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