Author Archives: Adrian Przelozny, CEO

Countdown to SegWit: These Are the Dates to Keep an Eye On

Bitcoin’s very public scaling debate is entering a crucial phase. Two of the most popular scaling proposals available today — BIP148 and SegWit2x — both intend to trigger Segregated Witness (“SegWit”) activation within a month, which means that the protocol upgrade could be live within two.

At the same time, there is a very real risk that Bitcoin “splits.” Both BIP148 and SegWit2x could diverge from the current Bitcoin protocol, which could in turn lead to even more splits.

We will be issuing a statement prior to July 29th detailing how Independent Reserve aims to handle these events.

Click here to read the full article in Bitcoin Magazine

 

End of double GST on Digital Currency transactions

It’s official. Scott Morrison has announced the removal of double GST on Digital Currency transactions in the 2017 budget.

From July 1 , 2017, digital currencies will be treated the same way as physical money for GST purposes. That means the current situation, where someone pays GST twice – first on the purchase of the cryptocurrency, then a second time when spending it on goods and services – would no longer apply.

This is great news for the Fintech sector in Australia and puts the country onto a strong footing for future growth and development.

Full details in Business Insider.

ADCCA Blockchain APAC Conference

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We are pleased to be able to offer a special discount to attend this year’s APAC Blockchain conference in Sydney from 7-9 March. With support by the ADCCA, the event will bring together business leaders and disruptive start-ups at the forefront of using and testing both Blockchain and Bitcoin’s potential. Hear from leading Australian and International Digital Currency and and Blockchain experts on a range of topics across the exciting, emerging FinTech market.

With some of the most engaging speakers in the world, including; Joseph Lubin, Ethereum and ConsenSys; Annabel Spring, Commonwealth Bank; Liam Maxwell, UK Government; Chami Akmeemana, ConsenSys, and many more, this event will focus on identifying the opportunities and overcoming the challenges to making this technology a commercial reality in the Asia Pacific.

See ticket packages and book online here

Get your 15% discount using the promo code:   INDREV_15