Australians who wish to purchase cryptocurrencies will have to first provide identity documents and open an account with the digital currency provider in question, a spokesperson for Minister for Law Enforcement and Cyber Security, Angus Taylor (below, right), says.
The current value of the digital currency bitcoin is estimated at US$180 billion, exceeding the total cash in circulation in the UK and a number of other countries including Australia, it has been claimed.
Users of the Las Vegas-based digital currency trading platform Bittrex have been unable to withdraw money from the company, and are complaining that they have no idea why. Bittrex trades in a number of digital currencies, including bitcoin.
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