Australian Libertarian Party Unveils Bitcoin Reserve Plan: Will BTC Rise?
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Australia’s Liberal Party has officially released its new Bitcoin policy white paper and has made a core proposal to establish an Australian Strategic Bitcoin Reserve (SBR). The announcement was announced on March 8 in the Bit Application event.
The event demonstrates the Liberal Party’s vision to include Bitcoin in Australia’s financial and regulatory framework. Although the party remains relatively small compared to the two major political competitors in the United States, it aims to influence a broader debate on crypto policy. This position will Australia and All states in the United States Working to legislative recognition of Bitcoin reserves and Announcement by the U.S. Federal Government last week.
Establishing Australian Strategic Bitcoin Reserve
One of the most prominent features white paper It is a call to create Australia’s strategic Bitcoin reserves. The Liberal Party refers to the “decentralized and limited supply nature” of Bitcoin, noting that “Bitcoin’s fixed supply of 21 million coins ensures its scarcity prevents inflation (…) This robustness enhances its role as a reliable store of value and uses it as an ideal component of Australia’s financial strategy.”
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The proposal suggests that such reserves will hedge inflation, diversified state assets and “enhance the country’s financial resilience.” According to the document, funds will come from several possible sources, including the allocation of future Australian funds, budget surplus and proceeds from the sale of government assets.
Throughout the 23-page white paper, a repetitive theme is the subject of personal and financial autonomy, the basis of Bitcoin’s decentralized spirit. One suggestion advocates the right of self-customer, which believes that individuals should be able to hold Bitcoin on their own without relying on central intermediaries. It writes: “The rights of self-customers are essential to realizing true financial sovereignty and privacy in an increasingly digital economy.”
The authors of the paper argue that self-groups can prevent “over-government violations”, pointing to past global financial crises that erode public trust in centralized institutions.
In addition to reserves, the White Paper advocates comprehensive legal recognition and clearer regulatory standards. It calls for the removal of capital gains tax (CGT) on daily bitcoin transactions and outlines Australia’s vision of “positioning itself at the forefront of global innovation in financial services.” To this end, the document also proposes: “Looking on Bitcoin as a legitimate and viable alternative to traditional financial systems, thereby promoting financial autonomy and inclusion.”
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The party believes that such a move will encourage more Bitcoin adoption by eliminating “punitive tax measures” that hinder daily transactions. In addition, the white paper highlights how countries such as Germany, Portugal and Japan clarify tax and legal status for Bitcoin users and businesses.
Another focus is fair handling of Bitcoin mining. Recognizing the increasing focus on energy use, the policy encourages integration mining Stabilize the grid and reduce environmental impact with renewable or “stagnant” energy sources: “Bitcoin mining should not be bound by regulations that disproportionately affect the industry. Any regulatory measures must be technologically neutral and focus on broader market stability, grid integrity and environmental standards.”
According to the Liberal Party, these methods can help Australia avoid pitfalls encountered in other jurisdictions such as China, such as China, where a thorough mining ban has caused serious industry damage.
The response to the announcement of liberal parties is mixed. “As Australians, the Liberals are relatively new outside of the two major parties, and when the election is finally held, they won’t get a double-digit vote. These two majors don’t have the BTC policy I know, we are really a backward country, and I won’t hold my breath either.”
Therefore, it is not expected to have an immediate impact on BTC prices. At press time, BTC faced further downward pressure, trading at $79,101.
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