Bitcoin Is Growing More Popular in Australia

Bitcoin Is Growing More Popular in Australia

Bitcoin has been steadily growing popular in Australia for quite some time. The country now has 13 bitcoin ATMs and a few exchanges and brokerage services like Coinjar, Bit Trade Australia, and Coin Loft. Alongside this, Localbitcoins volumes in Australia have been rising exponentially this year. The country also has an Australian Digital Currency Commerce Association (ADCCA) and many more cryptocurrency businesses and advocates within the region. The ADCCA also submitted a letter to the treasury in order to help bolster amending the GST law introduced in 2014.

“The ADCCA urges the Australian Government to quickly move to make the amendments necessary,” the organization stated.

With the new GST guidelines implemented July 1 leaders hope to encourage more digital currency and fintech growth within the country, according to the budget report.

** 758 Bitcoin ATMs in the U.S. 
These are stations that Bitcoin owners can use to exchange for U.S. currency. There are also 
** 64 Bitcoin ATMs in the UK, 
** 155 Bitcoin ATMs in Canada and 

** 34 Bitcoin ATMs in Spain.