How a Bitcoin Transaction Works
Here is a great infographic that explains how a bitcoin transaction works. Although it seems quite complex behind the scenes, the reality is that a bitcoin transaction can take only a couple of minutes...
View ArticleAll About Bitcoins
From a technical perspective, a bitcoin is a value in the block-chain ledger that is made up of 100,000,000 base units, called satoshis. The right to transfer or reassign value on the ledger is...
View ArticleBitcoins & Banks: Risk v Return
One of the most pressing concerns facing bitcoin businesses around the world is access to banking. Difficulty in maintaining relationships with banks has been reported in the United Kingdom, the...
View ArticleState of Bitcoin Report: Q2 2014
CoinDesk has released the State of Bitcoin report for Q2 2014. Some interesting highlights from the report are: There are now 63,000 merchants accepting payment in bitcoin. Media reports about bitcoin...
View ArticleUpdate: ATO Draft Guidance on the Tax Treatment of Bitcoin
The Australian Taxation Office recently released guidance about the application of GST, income tax and capital gains tax to Bitcoin transactions. The ATO has stated that it considers bitcoin to be...
View ArticlePosition Paper: Taxation of Bitcoin in Australia
The Bitcoin Association of Australia has released a position paper on the taxation treatment of digital currencies in Australia. Authored by Amor Sexton and Reuben Bramanathan, the paper outlines the...
View ArticleEmployee share scheme changes: a good start but still a long way to go
Australian startups and small businesses will generally be pleased with the recently announced changes to the taxation of employee share schemes, but there are still a number of issues to be resolved...
View ArticleFrom Overstock to Issuing Stock: Taking on Asset and Securities Distribution...
This article was written by Angus Champion de Crespigny for Consumer’ Research. Posted with full permission from Consumers’ Research. Issuing Securities on the Blockchain While the ability for...
View ArticleDefining the digital: Why Bitcoin should be treated as money under the GST Act
This article originally appeared in the Thomson Reuters Weekly Tax Bulletin on 27 June 2014 Bitcoin continues to be a rapidly growing global phenomenon, including in Australia. In December 2013, the...
View ArticleAre Your Business Ideas Burning Your Brain?
Great business ideas are a wonderful thing. There is tremendous energy in finding yourself passionately believing in an idea. It is one of the great creative moments of life. A lot of satisfaction and...
View ArticleDrones and Privacy
Privacy Concerns About Drones Attach a camera to a drone, and it becomes a second set of eyes allowing you to view the world from new heights. Whether you’re performing aerial photography, or you’re...
View ArticleAustralian Drone Laws
What you need to know to fly a drone in Australia Australian drone laws are currently similar to the regulatory approach being adopted in the UK and other countries. However, it is already clear that...
View ArticleCan I be fined for flying my drone?
Drone Regulations in Australia You certainly can be fined for flying your drone. If you don’t follow the applicable aviation rules when flying your drone, you can expect to get booked by the air police...
View ArticleNew Drone Regulations
IMPORTANT CHANGES TO CASA’s REGULATION OF COMMERCIAL DRONE FLIGHTS After over two years of consultation, the Civil Aviation Legislation Amendment (Part 101) Regulation 2016 has been introduced to amend...
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