Coinbase enters the Australian market

in #steemit8 years ago

After announcing a partnership with PayPal, where American users can receive on their PayPal accounts the sold bitcoins, or buy the currency on the credit card, the Coinbase, aiming to expand the number of countries served - 33 in total - announced that Australian customers can also purchase bitcoins using credit and debit cards. With the US exchange's entry into Australia, it is expected that the BTCS market in Australian dollar has expanded its volume (the information obtained by the blog, the movements in the Australian dollar in the last 30 days were 10570.28 BTCS, while in Brazil the volume in June was 22,506 BTCS). Ankur Nandwani, product manager Coinbase also said the company expected to soon increase other features on the platform. In time, the bitcoin market in Australia is not easy. In 2015, the Australian Taxation Office (equivalent to the IRS in Brazil) issued a decision dealing with the digital currency as a commodity, not as a financial asset, which can lead to heavy tax burdens.