Digital currency is a topic of continuous debate and the fluctuations of Bitcoin’s value has been all over the place, ranging from a high of over $1,000 and an average low of about $200. As the worlds first digital, decentralized currency, owners of Bitcoin are pseudo-anonymously tied to their wealth with no government taxation or linked social security identification. This has lead to many legal battles with governments trying to identify the stance to be taken on Bitcoin.
Some countries of the world favor in trying to regulate Bitcoin, but some try not to consider it legal tender. Other countries, like Australia, are trying to tax Bitcoin users. Regardless of the governments stance on Bitcoin, it is clear that more and more people are getting involved in the crypto-currency world. Continue reading this post ->