Bitcoin flounders in Australia as regulatory worries bite

By October 3, 2015Bitcoin Business

Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency’s mainstream appeal is fading.

Concerns about bitcoin’s potential crime links mean many businesses have stopped accepting it, a trend accelerated by Australian banks’ move last month to close the accounts of 13 of the country’s 17 bitcoin exchanges.

The development is a blow to hopes of bitcoin fans that the currency can play a significant role in everyday business transactions in developed […]

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