Senate report boosts bitcoin / GEORGIE BURGESS / Aug. 5, 2015, 11:13 p.m.

A LAUNCESTON business owner is expecting more people to start using digital currency bitcoin following a Senate committee report recommending that it be reclassified.

Launceston is home to two of about 10 bitcoin ATMs in Australia, and about 12 businesses accept it.

Bitcoin Association president Adam Poulton, who runs a Launceston-based business and owns the bitcoin ATMs, said on Wednesday he was already noticing increased transaction movements.

“The Senate has come out and said, ‘You should treat it like money, and we don’t tax other money so you shouldn’t tax this money’,” Mr Poulton said.

“Calling it money is a big step,” he said.


Read more ... source: The Bitcoin Channel