Australia recognizes Bitcoin as currency

The Australian Government has decided: from July Bitcoin should be recognized as a real currency. With this measure, the country wants to develop a world leader in the FinTech industry.
Australia has recognized the potential of the market for digital and cryptocurrency and permits from July 1 this year digital currencies like Bitcoin as real money. The decision, which was first incorporated in this year's budget summary is especially useful to advance the FinTech industry in the country. Now, customers can buy or use cryptocurrency as means of payment without fear of financial disadvantages. The new decision eliminates the fact especially the double taxation of digital currency.