21 Mar '16, 3am

Scott Morrison to scrap GST on Bitcoin, cut fintech red tape - The Australian Financial Review

Simon Cant, the president of the recently formed industry lobby group FinTech Australia, said he was "thrilled" with the announcements, but there was more work to do. "There are some great quick wins," he said. "I would call out the regulatory sandbox, we know we have more to do to make this a world-leading sandbox, but we are excited to be working with the regulators there to see what is possible and making sure that fintechs are working on new products for consumers and not just getting licensing sorted out. "And I am excited to see the changes to the venture capital act so that we can invest in fintech without banging up against the limits of [tax rules]." Mr Morrison fielded questions from journalists after the announcement on the change of date for the budget, the extra sitting of Parliament to consider reviving the Australian Building and Construction Commission anno...

Full article: http://www.afr.com/business/banking-and-finance/scott-mor...

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