Australian Government: Welfare Applicants Must Declare Bitcoin Assets

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A small addition to a pension application form provoked interest in Australia yesterday, with its request that applicants declare their "cyber currency" assets such as bitcoin.

A printed reference to bitcoin value in a government-issed document such as this, according to a digital currency legal expert, "legitimizes the concept of digital wealth beyond a niche area".

On page 14 of the application form published by the Department of Human Services (DHS), bitcoin is listed alongside other potentially valuable assets: "taxi plates, time shares, racehorses, greyhounds, travellers cheques" and collectables such as stamps, wine, art and fishing licences.

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