Updated 13th September 2018
Bitcoin is generally accepted to the world’s first, and arguably most popular, cryptocurrency. Essentially, Bitcoin functions as digital or virtual cash. Bitcoin emerged online in 2009, and by some studies, Bitcoin has now grown into an industry worth over US$6 billion.
This course, in 8 easy-to-follow parts, provides legal practitioners with a practical overview of Bitcoins and the legal issues surrounding Bitcoins. It also discusses the legislation that applies to Bitcoins in Australia including the Treasury Laws Amendment (2017 Measures No. 6) Act 2017 (Royal Assent 30 Oct 2017) and Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017 (Cth) (Royal Assent 13 December 2017).
Examples are used throughout the course to aid understanding.