About this inquiry

Inquiry into how to develop an effective regulatory system for digital currency, the potential impact of digital currency technology on the Australian economy, and how Australia can take advantage of digital currency technology.


Past Public Hearings

07 Apr 2015: Sydney, NSW
04 Mar 2015: Canberra, ACT
26 Nov 2014: Canberra, ACT

more...

Report

Digital currency—game changer or bit player

4 August 2015

© Commonwealth of Australia 2015
ISBN 978-1-76010-262-3

View the report as a single document - (PDF 575KB)


View the report as separate downloadable parts:

Senate Economics References Committee (PDF 20KB)
Abbreviations (PDF 9KB)
Chapter 1 - Introduction (PDF 21KB)

Conduct of inquiry
Structure of the report
Acknowledgements

Chapter 2 - Overview and recent developments (PDF 157KB)

What is digital currency?
Current regulatory framework
Conclusion

Chapter 3 (PDF 95KB)

Benefits of digital currencies
Risks
Conclusion

Chapter 4 (PDF 76KB)

The Australian Taxation Office's rulings
Goods and services tax
Definitions of digital currencies for tax purposes
Other taxation concerns

Chapter 5 (PDF 108KB)

Concerns raised by submitters
Regulation of the sale and purchase of digital currency
Digital currency as a form of payment
Self-regulation
'Wait-and-see' approach to regulation

Chapter 6 (PDF 73KB)

The relationship between digital currency businesses and banking services
The AML/CTF regime

Appendix 1 - Submissions and additional information received (PDF 22KB)
Appendix 2 - Public hearings and witnesses (PDF 11KB)

Committee Secretariat contact:

Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
economics.sen@aph.gov.au