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We live in an era of ever-increasing uncertainty.
In a time of extreme economic uncertainty, there is no shortage of things to do or see.
A recent report from the World Economic Forum found that there are more than 150 new cryptocurrencies in circulation in the first nine months of 2017, and the number is rising fast.
This is great news for Bitcoin and other digital currencies, but it’s not great news in Australia.
The Australian dollar is the world reserve currency, and it is a major trading partner for all the other major fiat currencies, including the US dollar, Japanese yen, and German mark.
Australia has a relatively small trading partner, as it is one of only a few countries in the world to have a significant and active digital currency economy.
The Bitcoin exchange rate is about $0.03 per Australian dollar, or about 2.2% of the country’s gross domestic product.
But Australia’s dollar is also worth $1,300, and its value has risen by almost $4,000 in the last 24 hours, from about $1.20 to more than $1 per Australian coin.
This boom has been fuelled by a number of factors, including a surge in cryptocurrency-related investments.
For example, Australia’s largest Bitcoin exchange, Mt Gox, announced a $2.5m investment in the country last month, bringing the total number of Bitcoin investors in Australia to about 100,000 people.
This comes after a $7m funding round earlier this year by investment firm BlackRock, which also backed a number other Bitcoin companies.
Australia’s digital currency market has been on a roll recently, with the number of Australian users of cryptocurrencies rising by more than 1,000% in 2017, according to CoinDesk.
However, the value of Australian dollars has been trending downwards in recent months, and this has been exacerbated by the Australian government’s recent decision to restrict Bitcoin activity from the country.
On October 31, the Australian Competition and Consumer Commission (ACCC) announced that it was cracking down on cryptocurrencies.
The decision was part of a broader crackdown on virtual currencies in Australia, and was prompted by the recent collapse of Mt Goexico, which has been trading at $1 an Australian coin since May, 2016.
The move prompted Bitcoin prices to surge, but many Australians were left scratching their heads.
“Why are we being forced to buy Bitcoin when we can simply buy other currencies like the dollar or euro?” asks Nicky Hester, who runs Bitcoin Australia, a non-profit that advocates for Bitcoin in Australia and the world.
“There is no logical reason why the Australian Government would want to restrict us from trading Bitcoin and any other virtual currencies.
We’re not here to buy gold and silver, we’re here to trade digital currencies.”
It’s a debate that’s been raging for years, but the impact of the decision is likely to be felt far beyond Australia.
Bitcoin is a virtual currency, meaning that it is not backed by any central authority or government entity.
Bitcoin transactions can be made anonymously and in virtually any country in the global cryptocurrency community, including China.
It is also possible to send and receive Bitcoin in the form of a prepaid debit card, as well as online payments, using various services.
The bitcoin economy is a complex one, and there is a lot of overlap between Bitcoin and traditional financial instruments.
But the fact that the government is cracking down is a blow to the Bitcoin economy and to Bitcoiners across the world, including in Australia where there are currently more than 30,000 Bitcoin-related businesses operating.
For Hester and other Bitcoiners, this announcement is another sign that the Bitcoin community is increasingly focused on building a viable digital currency infrastructure, rather than just buying things like gold and other precious metals.
“I think it’s really important for the Bitcoiners in Australia who have a lot more time on their hands to be able to move away from buying and selling physical currencies,” Hester said.
“The Australian Government is definitely pushing a digital currency policy in a very anti-consumer way, which is very unfortunate.”
It is unclear exactly how the Australian regulatory framework will affect Bitcoin businesses, but Hester predicts that the country will have a strong regulatory framework for the next several years.
“It’s really a bit of a mixed bag for the Australian Bitcoin community,” she said.
For a long time, Australia has been one of the most dominant Bitcoin markets in the rest to the rest.
In fact, it’s the country that has attracted the most Bitcoin investment so far this year.
The price of Bitcoin rose by more, or more than, $20,000 on the back of a $3.4m funding campaign by investment bank BlackRock in May, but its value still dropped below $1 by early October.
It was a drop that many Bitcoin users had hoped would never happen.
In an attempt to protect the virtual currency from falling too far, the
