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Lawmakers in Australia are reportedly pushing for the recognition of bitcoin as an official currency.Legality of bitcoin by country or. in February 2017 that they would not levy VAT on the purchase or sale of bitcoin. of the Reserve Bank of Australia.

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Standard Exchanges –

Unlike traditional currencies such as dollars, bitcoins are issued and.

Our goal for this guide is not to bog you down with details, but to show you the easiest and cheapest way to buy Bitcoin in Australia, with extra security.

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State banks and monetary authorities issued stern warnings and refused to deal in Bitcoin.

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But the very anonymity of Bitcoin makes it hard to create safeguards around such as sizable exchange.

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We also look at banking and tax rules for trading bitcoins in Australia.

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And as long as the Bitcoin sale is treated like a cash sale, real estate professionals point out that it could work.

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But the volatility of Bitcoin has housing professionals worried.

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