Australian Government Portal Publishes Bitcoin Business Guidelines

Photo courtesy of Antana on Flickr

Photo courtesy of Antana on Flickr

The Australian government’s online business information portal has published a ‘Bitcoin for business’ page to advise operators of their tax and other regulatory obligations when using the digital currency.

It contains a basic explanation of what bitcoin is and how it works. The page also features sections on accepting bitcoins, tax implications, risks, and paying employee salaries with digital currency.

The page includes headings like “What are digital currencies and crypto-currencies?”, “How do I accept Bitcoin in my business?” and “Should I accept Bitcoin payments?” and links to more detailed information. It is intended for newcomers as well as seasoned digital currency users.

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