The Libertarian Australian Party formally presented a up-to-date Bitcoin policy, with a central proposal for establishing the Australian Strategic Bitcoin Reserve (SBR). The advertisement was issued on March 8 during the Bitcoalive event.

The event showed the vision of the Libertarian Party regarding the integration of Bitcoins with Australian financial and regulatory frames. While the party remains relatively diminutive compared to the two main political pretenders in the country, it is to affect a broader debate on cryptocurrency policy. This position places Australia with various US states that work to recognize the legislative Bitcoin reserve, as well as the announcement of the US Federal Government last week.

Establishment of the Australian Strategic Bitcoin Reserve

One of the most eminent features Cars This is a call to create the Australian Strategic Bitcoin Reserve. Referring to the “decentralized and limited nature of Bitcoin”, the Libertarian party states that: “constant bitcoin supply of 21 million coins ensures that its deficiency protects against inflation […] This reliability increases its attractiveness as a reliable magazine of values ​​and positions it as an ideal element of Australia’s financial strategy. “

The proposal suggests that such a reserve would secure inflation, diversify national assets and “strengthen the financial immunity of the nation.” According to the document, financing would result from several possible sources, including allocations from the future Australian Fund, budget surpluses and revenues from the sale of government assets.

In the 23-page white book, the recurring motif is personal and financial autonomy-fundamental converting for the decentralized Bitcoin ethos. One of the recommendations confirms the right to self -diet, arguing that individuals should be able to keep bitcoins themselves without relying on central intermediaries. He reads: “The right to self -diet has the most important for achieving true financial sovereignty and privacy in an increasingly digitized economy.”

The authors of the article claim that self -relationship protects against “parent government”, referring to past global financial crises that weakened public trust in centralized institutions.

In addition to the reserve, the White Book is in favor of comprehensive legal recognition and more pronounced regulatory standards. He calls on to remove capital profits (CGT) from daily bitcoin transactions and presents a vision in which Australia “positions global innovations in financial services.” To this end, the document also proposes: “treating bitcoins as a justified and real alternative to traditional financial systems, promoting financial autonomy and inclusion.”

Such movements believe that the party will encourage further acceptance of Bitcoins, eliminating “criminal tax means” that hinder daily transactions. In addition, the White Book emphasizes how countries such as Germany, Portugal and Japan have already taken steps to clarify taxes and legal status of Bitcoin and companies.

Another point of pressure is to fair treatment of Bitcoins mining. Recognizing the growing concerns about energy consumption, the policy encourages the integration of extraction with renewable or “orphaned” energy sources to stabilize the energy network and reduce environmental impact: “Mining Bitcoin should not be subject to regulations that influence the industry disproportionately. All regulatory measures must be neutral for technology and focus on broader market stability, network integrity and environmental standards. “

According to the libertarian party, these approaches can facilitate Australia avoid traps evident in other jurisdictions – such as China, where the total ban on mining led to significant interference in the industry.

The reactions to the announcement of the libertarian party were mixed. The Australian Bitcoiner noticed: “As the Australian Libertarian Party, it is relatively new except large parts, they will not get double voting digits when the elections are finally taking place. Two main directions do not have a BTC policy that I know about and we are really backwards – I will not stop my breath for none. “

Therefore, you cannot expect immediate influence on the BTC price. During the BTC press, it faced further relegation and traded at 79 101 USD.

A distinguished painting created from Dall.e, chart from tradingview.com