Tax no more

October 19th, 2017 "The two most powerful warriors are patience and time." – Leo Tolstoy Got this from a friend? SUBSCRIBE HERE THE FEATURE Australia Officially Ends Double Bitcoin Tax Ups and downs have always been a part of blockchain, but this week has perhaps divulged a particular dissonance in the sector. In stark contrast to roaring bubbles, today we were given insight into just how long the lag between ideation and real-world change can be. Announced overnight without much fanfare, Australia officially did away with an onerous law that caused cryptocurrency purchases to be taxed twice, passing the provision amidst a larger budget bill. But in a sector where billions have been invested overnight in obscure tokens and projects promising no shortage of breakthroughs, it's the timeline on the measure that is most worthy of highlighting. As reported by CoinDesk, the issue has been around since 2014, and action was first initiated in 2016.  In that time, the blockchain sector has already mostly moved onto other use cases outside payments. As new opportunities open in tokens, ICOs and more, innovators may do well to plan accordingly. Read the whole story Tweet Share ⭐️ COINDESK SPONSOR ⭐️ How to Start Trading Cryptocurrencies for Profit. This FREE master class shows what EVERYONE needs to know about trading digital currencies like bitcoin right now... For more information, click here. Wait, there's more: Cautiously Bullish? $6,000 in Play as Bitcoin Price Stages Sharp Recovery The price of bitcoin is roaring once again today, rising over $500 on a strong recovery from yesterday's lows. Odd Bedfellows? Blockchain Developers Can Learn to Love the World Bank Multilateral organizations have more in common with the crypto community than you might think, Michael J. Casey argues. Australia Officially Ends Double Bitcoin Tax From July 2018, Australians will no longer have to pay GST on their cryptocurrency purchases, following the passing of new legislation today. Blockchain of the Vanities? Sibos, Swell and Stellar Troll in Toronto No one won the game of trolls, but competition between Swift, Ripple and Stellar is still fierce, even though it might be too early for fists. Bank of America Seeks Patent for Blockchain Processing System New Bank of America patent filings hint it believes blockchain could one day assist its high-volume data processing objectives. Blockchain Forks Are All the Rage, But Can They Ever Be Safe? More and more blockchains may be forking, but developers still don't think they've quite found the best way to execute the upgrade. Regional Regulators in North America Are 'Closely Watching' ICOs A new report suggests that securities regulators in North America are increasing their oversight of the blockchain funding model. Bank of Canada Announces Phase 3 of 'Project Jasper' DLT Trial Canada's central bank is gearing up for the next phase of its "Project Jasper" blockchain research initiative, according to a new announcement. Australian Senate Panel Throws Support Behind Crypto Exchange Bill Australia is moving ahead with plans to pass new regulations for the country's cryptocurrency exchange space. In 'Search' of a Swell? XRP Prices Rise and Fall Amid Ripple Event A conference held by distributed ledger startup Ripple appears to have had a positive impact on the price of its cryptocurrency. Enterprise Ethereum Alliance Adds 48 New Members The Enterprise Ethereum Alliance has added 48 new members, including Hewlett Packard Enterprise. Blockchain KYC Startup Raises $1.6 Million in Seed Funding A blockchain startup headquartered in Sweden has raised $1.6 million in new funding. Healthy Pullback? Bitcoin Price Dips Back Below $5,300 The price of bitcoin is down today, as overbought indicators seem to have yielded a notable correction away from recent highs. Upgrade Complete? Ethereum's New Software Isn't Quite Stable Yet Days after the ethereum blockchain underwent a system-wide upgrade, developers have still yet to confirm the software is fully stable. Go to CoinDesk BTC: $5,657.84 +1.54% ETH: $306.49 -2.33% @9:00 EST - More price details Copyright © 2017 CoinDesk, All rights reserved. You're receiving this email because you subscribed for updates on our website. Our mailing address is: CoinDesk 636 Avenue of the Americas New York City, NY 10011 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list