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Australian Senate Launches Inquiry into Bitcoin and Digital Currencies

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The Australian Senate’s Economics References Committee announced this week it would hold an inquiry into bitcoin and digital currency implications, aiming to present its findings to parliament in March 2015.

Chaired by Senator Sam Dastyari of the Australian Labor Party, the committee will examine the potential economic impact of digital currencies across various industries, including banking and retail.

A further aim is to help decide Australia’s framework for regulating and taxing digital currency-related activities, in the hope that legal clarity will see the country take a leading role in developing the new technology… CONTINUE

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