If there's the prospect of making a quick buck, you can be assured the crime gangs, the sex trade and the banks will want "in". The (central) banks are a bit behind the ball on this one.
Interestingly our Tax Office has determined thus: "Transacting with bitcoins is akin to a barter arrangement, with similar tax consequences. The ATO’s view is that Bitcoin is neither money nor a foreign currency, and the supply of bitcoin is not a financial supply for goods and services tax (GST) purposes. Bitcoin is, however, an asset for capital gains tax (CGT) purposes." Took them long enough to get that down on paper, and now IBM wants to change the rules .... ;-) Shane ... ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN
