11 March 2025
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Australian Libertarian Party Launches Bitcoin Policy Whitepaper Advocating Strategic Reserve
The Libertarian Party of Australia introduced a Bitcoin Policy Whitepaper on March 8, proposing the establishment of an Australian Strategic Bitcoin Reserve (SBR) during the BitcoinAlive event. Key points include:
- Proposal aims to integrate Bitcoin into Australia's financial and regulatory framework.
- Reserve would serve as a hedge against inflation, diversify national assets, and enhance financial resilience.
- Funding sources may include allocations from Australia’s Future Fund, budget surpluses, and asset sales.
- Emphasis on personal financial autonomy, advocating for self-custody rights of Bitcoin.
- Calls for removal of Capital Gains Tax on everyday Bitcoin transactions and clearer regulatory standards.
- Policy encourages fair treatment of Bitcoin mining, promoting the use of renewable energy sources.
- Comparison with other countries that have clarified Bitcoin taxation and legal status.
Reactions have been mixed, with some skepticism regarding the party's influence on future elections. As of now, no immediate impact on Bitcoin price is expected, trading at $79,101.