October 15, 2014
Bitcoin, the popular virtual currency is gaining traction in global markets as a form of currency. An array of merchants supports Bitcoin including retailers, e-commerce sites, hotels, restaurants and many others. All of this is possible thanks to legal approvals by Governments and financial bodies. Some prominent nations and financial bodies which approve Bitcoin are:
Companies are allowed to trade in Bitcoins. The Australian Taxation Office intends to work with Bitcoins and release tax guidelines for the same. The governor of Reserve Bank of Australia has positive views towa ...