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May 3, 2016 AUSTRALIA has emerged as the surprise world leader in digital currency after the Turnbull Government revealed plans to reduce tax on Bitcoin transactions and create ways to test other intangible currency in the country.

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May 26, 2017 Tax deductions will be allowed, where permissible, under our tax laws. Jump To. Select Subheading. Virtual Currencies as Mode of Profits derived by businesses which mine and trade virtual currencies in exchange for money are also subject to tax. Businesses that buy virtual currencies for long-term