The Australian Senate is to hold an inquiry into digital currencies, as industry representatives call for tax clarity.
A small but growing number of companies are taking advantage of bitcoin payroll services.
The Australian government's business information portal now includes a 'Bitcoin for Business' page with guides on usage and taxation.
The Australian Tax Office has issued guidelines on how it will tax bitcoin, displeasing some in the local industry.
Libra has announced it will soon launch LibraTax, a software suite to help bitcoin users meet IRS requirements.
In Mexico, a team of bitcoin enthusiasts are developing plans for a digital peso.
Sensible policy is needed to legitimize bitcoin for banks and assist consumers and businesses, say Australian lawyers and groups.
The city of Pittsburgh has denied reports it is seeking to accept bitcoin for tax payments.
The regulations call for bitcoin exchanges and other companies to report the identity of transaction participants.
Breaking with expectations, the ATO postponed its ruling on taxation of digital currencies – for now.
A global jurisdictional hub for bitcoin would experience an influx of new capital and businesses, and experience rapid growth.
The Isle of Man's Department of Economic Development is set to introduce controls on digital currencies such as bitcoin.
The government agency added that this policy could be changed for future tax years.
The advocacy group says Australia's government needs a 'practical approach' to bitcoin, defining it as money for taxation.
The Montreal Economic Institute has published a research note that concludes bitcoin’s future hinges on its legal status.