Bitcoin exchange goes live in Sydney as Australian interest soars

There has been a recent drive toward acceptance of Bitcoin by Australian enterprises, following in the footsteps of North America, Israel, Switzerland and Great Britain with a view to expanding the availability of virtual currency across Australia.

Today, Sydney became home to a brand new Bitcoin exchange, which is operated by Independent Reserve and offers a fast, secure and robust method of utilizing cryptocurrency.

Despite the Australian Tax Office’s less than favorable treatment of taxation rulings relating to Bitcoin-related transactions recently, and the subsequent backlash by Australian Bitcoin proponents, Australia looks set to become the next jurisdiction in which Bitcoin prepares to gain ground and flourish.

Independent Reserve understands that Bitcoin is on the verge of becoming a mainstream financial instrument and currency, with the firm’s CTO Adrian Przelozny having stated that the new virtual currency exchange is “robust, secure and easy to use.”

As an Australian you will be able to open an account and be verified in a matter of minutes,” he said.

According to a report by Australian news source, The new exchange plans to embark on a recruitment drive toward emphasizing the value of Bitcoin to local online traders and the taxi industry.

“Ebay is about to start accepting Bitcoin, you can buy a holiday on Expedia using Bitcoin, and you can buy a computer from Dell using Bitcoin,” Mr Przelony said.

Indeed, with Australia widely regarded as a region with fine business ethics, a stable economy and very close trade ties to the Asia Pacific region, the dark days of MtGox may well soon be a distant memory to those with a penchant for the virtual currency with new found credibility and popularity.

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