Will Australia Ever Adopt Bitcoin as Legal Tender?

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Will Australia Ever Adopt Bitcoin as Legal Tender?

El Salvador’s official adoption of Bitcoin got off to a somewhat shaky start as the price of Bitcoin plummeted in the hours following its introduction. Bitcoin adoption by Australia would likely be complicated by its notorious and excessive use of fossil fuels. Australia has a history of resistance when it comes to mass economic reform, as seen in the adoption of the GST during the 1990s. Watch this video to find out how likely the Australian government is to take the drastic step of making Bitcoin a legal tender.

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