Bitcoin is a digital currency, also known as a cryptocurrency because of the cryptographic algorithms on which it is based. Bitcoin is already transforming the way in which businesses interact both across international borders and in Australia. Part of the appeal of using Bitcoin for business-to-business transactions is the reduced transaction costs and tax implications. Some Bitcoin advocates argue that Bitcoin will eventually transform industries and continue to become more accepted internationally.
LegalVision was the first law firm in Australia to accept Bitcoin as payment. We understand the functionality of Bitcoin is complex and the common areas of concern for progressive businesses that use Bitcoin on a daily basis.
We can connect you with Bitcoin specialists to understand:
- licensing and trading requirements;
- virtual currencies and tax implications;
- tax structuring;
- cryptocurrency investments;
- operating a bitcoin exchange or ATM; and
- microcurrency compliance.
If you have any questions, fill out the form below. Our extensive network of FinTech specialists and Bitcoin experts will be happy to assist you.