Australia Wants a Cashless Society, Pushes To Recognize Bitcoin as a ‘Digital Global Currency’

The Australian government on Tuesday suggested treating bitcoin and other digital currencies on a par with standard money in the country. The move comes in contrast to an earlier position towards digital currencies as “intangible assets.”

“The committee is of the view that digital currency should be treated as money for the purposes of goods and services tax,” a report from Australian Senate Economics References Committee said. The committee recommended to amend last year’s decision by the Australian Taxation Office (ATO), which stated bitcoin was a commodity, “neither money nor a foreign currency,” and should be taxed accordingly.

Anglo-Australian bitcoin exchange CoinJar, the Bitcoin Foundation and the Bitcoin Association of Australia were among 48 organizations that submitted information to the committee.

Bitcoin (virtual currency) coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. British authorities have come out in support of digital currencies in the name of promoting financial innovation, while proposing that regulations should be drawn up to prevent their use in crime. But it is technophiles who are leading the drive to make London a real-world hub for trade in web-based "cryptocurrencies", of which bitcoin is the original and still most popular.   Picture taken May 27, 2015.  REUTERS/Benoit Tessier - RTX1EWUX

Bitcoin (virtual currency). British authorities have come out in support of digital currencies in the name of promoting financial innovation, while proposing that regulations should be drawn up to prevent their use in crime. But it is technophiles who are leading the drive to make London a real-world hub for trade in web-based “cryptocurrencies”, of which bitcoin is the original and still most popular. Photo Credit: REUTERS/Benoit Tessier

ATO placed “an additional burden on Australian digital currency businesses,” the committee concluded in its report.

The Taxation Office’s ruling was then met with opposition by a lot of digital businesses, who threatened to relocate their operations overseas to avoid financial penalties.

“If it is defined as a global currency, this would be a positive step to encourage the bitcoin market to continue innovating,”Coinjar chief executive Asher Tan told International Business Times. “The Australian bitcoin market will significantly improve.”

The final ruling from the Senate Economics References Committee into digital currency is set to be submitted to the Australian senate by August 10. If approved, Australia will join the UK which has already recognized bitcoin as a currency. Last March, Britain’s tax authority HMRC stopped charging value-added tax (VAT) on bitcoin transactions. The decision ran counter to the worldwide skeptical attitude towards bitcoin, which was treated as a volatile and vulnerable currency, as well as a tool for money laundering and tax evasion.

The UK’s move attracted cryptocurrency companies, with bitcoin firm Coinjar moving its headquarters to the UK.

Source: RT

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Jesus Christ was born, lived, died, and rose again for the sole purpose of saving us from our sins.  Are you saved?  The bible declares that “For whosoever shall call upon the name of the Lord shall be saved.” – Romans 10:13 (KJV). Salvation is turning your life over to Jesus Christ, believing that Jesus is the son of God, and renewing your mind with his spirit, that is done through repentance of sin, and following JESUS with all your heart, mind and soul. JESUS transforms lives, if you are ready for this life saving step, call upon your savior TODAY! Learn more here.

PROPHECY:

 “And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. ” -Revelation 13:16-17 (KJV).

And many shall follow their pernicious ways; by reason of whom the way of truth shall be evil spoken of. And through covetousness shall they with feigned words make merchandise of you: whose judgment now of a long time lingereth not, and their damnation slumbereth not- 2 Peter 2:2-3 (KJV).

While they promise them liberty, they themselves are the servants of corruption: for of whom a man is overcome, of the same is he brought in bondage – 2 Peter 2:19 (KJV).

A cashless society Converging to a Mark of the Beast Anti-Christ Payment System

The plan of the New World Order is to eliminate all physical money from the world in order to accomplish the mission of Revelation 13:17:  ” And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.”  In order to do this, we would need a system where ONE central bank issues a virtual/digital currency unit for everyone. With all computer systems interconnected, this makes implementing a global economic system easy. The centralized banks would control the currency, mandating everyone to buy or sell using this system.  As most already know, Central Bankers now RULE over the entire planet!  and currently, many countries are switching over to a cashless society.  The five top nations which are now nearly cashless are: Ecuador, Sweden, Somaliland, Kenya, Canada, and South Korea. All exchanging currency in a cyberspace with virtual currencies. There are currently other countries mulling the notion as well.

Read More:  Going Cashless: Ecuador Becomes First Country to Roll out its Own Digital Currency and Cashless Society: The First Regulated ‘Digital Currency’ is Underway in Britain

Essentially, select Central Bankers would administer the monetary affairs of all nations via these virtual/imaginary/digital currency system. Voice activated apps are now available in Sweden and the United States for banking and monetary transfers. Speak and transfer money. Not to mention, ‘mobile money’ – pay by swiping your phone has already become the norm.  The benefits touted for such a system draw the unsuspecting of evil and willing participant, “easy payments, don’t need a wallet, safer, stability, and low fees.”  Going digital is a very attractive form of payment and obviously where we are headed globally.

e-Currency Trending

Up until 1971, the economy of the United States was based on a gold standard.  When a currency is backed by gold,it is referred to as a “gold standard.” Gold has been used in trade for many years, and all money is weighed against gold to measure the value of currency.

An interesting dynamic has emerged over the last few decades, slowly drifting us towards a popular new currency, “digital gold.”  In 1996, e-Gold was the first to offer Digital Gold, and then subsequent competitors sprung up,  e-Bullion, and e-Dinar (started in 2000, and is the Islamic gold standard), and now Bitcoins (2011), while the list is not exhaustive, we have seen an uptick in “digital alternatives.”

The EURO- Compared to the Tower of Babel-The First “One World” Government  

Another currency option that cannot be ignored is the EURO…it is rife with symbolism, and could very well be the preferred method of tender in the future. Only time will tell.

Pictured for comparison is the Biblical Tower of Babel (Left) and the EU building (Right), along with the woman riding the beast that sits in front of the EU building.  Clearly demonstrating the handiwork of a satanic origin.

Picture1

According to the Europa website:  “The Euro is the most tangible proof of European integration – the common currency in 19 out of 28 EU countries and used by some 338.6 million people every day. The benefits of the common currency are immediately obvious to anyone travelling abroad or shopping online on websites based in another EU country.”

Something to take a very earnest look at it, the Euro coin.  It has a distinct 666 on the back of it. 6 stars with 6 rods with 6 more stars, embedded right across Europe. The Greek two Euro coin clearly displays “a woman riding the beast.”

So he carried me away in the spirit into the wilderness: and I saw a woman sit upon a scarlet coloured beast, full of names of blasphemy, having seven heads and ten horns-  Revelation 17:3 (KJV).

The First Mention of “666” In the Bible

The Rule of First Mention in Biblical Studies:

The Rule of first mention simply means to study the first appearance of the word in scripture, to understand the overall fundamental meaning. We begin to examine other scriptures applying this rule, and later on the knowledge begins to build and layer, coloring in the details, and adding all the pieces of the puzzle together. 

Applying the rule of the “first mention” consider the following when comparing GOLD and the Mark of the Beast:

We can also look at the story of the golden calf (Exodus 32) in the old testament, as they were worshiping a “gold” image. GOLD is the dominant manipulator of all currency, and the dominant “head” of the prophecy by Daniel:

Nebuchadnezzar-statue

“You, O king, were looking and behold, there was a single great statue; that statue, which was large and of extraordinary splendor, was standing in front of you, and its appearance was awesome. 32) “The head of that statue was made of fine gold, its breast and its arms of silver, its belly and its thighs of bronze, 33 its legs of iron, its feet partly of iron and partly of clay. 34) “You continued looking until a stone was cut out without hands, and it struck the statue on its feet of iron and clay and crushed them. – Daniel 2:31-34 (KJV).

While we are not given much for the “mark of the beast” in the bible as far as numbers go, we are certainly told plenty of times that money is the root of all evil, and gold is usually correlated to that evil, and mentioned several times throughout scripture in conjunction with worshipping an image, and was the downfall of all most of the kings we read about.  The connection between gold and “666” is apparent.

  • Forasmuch then as we are the offspring of God, we ought not to think that the Godhead is like unto gold, or silver, or stone, graven by art and man’s device. – Acts 17:29 (KJV).
  • Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. – James 5:3 (KJV).
  • Neither their silver nor their gold shall be able to deliver them in the day of the LORD’S wrath; but the whole land shall be devoured by the fire of his jealousy: for he shall make even a speedy riddance of all them that dwell in the land. – Zephaniah 1:18 (KJV).

Digital gold could end up being the currency that backs “666” payment system.  Only time will tell, exactly what global currency will be used. One thing we know for certain is that we will have a global currency and a unified financial system, in order to buy and sell individuals will have to “take the mark of the beast.”   The important thing is to be aware, and cleave to JESUS and never, ever, take the mark!

The bible teaches that anyone who worships the image of the beast or takes the mark, will be thrown into the lake of fire:

And the third angel followed them, saying with a loud voice, If any man worship the beast and his image, and receive his mark in his forehead, or in his hand, And the third angel followed them, saying with a loud voice, If any man worship the beast and his image, and receive his mark in his forehead, or in his hand,And the smoke of their torment ascendeth up for ever and ever: and they have no rest day nor night, who worship the beast and his image, and whosoever receiveth the mark of his name. Revelation 14:9-11 (KJV).

And I saw thrones, and they sat upon them, and judgment was given unto them: and I saw the souls of them that were beheaded for the witness of Jesus, and for the word of God, and which had not worshipped the beast, neither his image, neither had received his mark upon their foreheads, or in their hands; and they lived and reigned with Christ a thousand years- Revelation 20:4 (KJV).

In the Faithful Service of Jesus Christ,

Lisa Muhar

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3 thoughts on “Australia Wants a Cashless Society, Pushes To Recognize Bitcoin as a ‘Digital Global Currency’

  1. Reblogged this on We see as through a glass darkly and commented:
    A comprehensive breakdown. Personally I do believe Beastcoin, errr Bitcoin, is very much a precursor to the coming global financial system of the AC. What is so alarming is that so many people perceive it to be some kind “empowering alternative” to the Central Banking system, when in reality the adoption of virtual currency will create the most dominant central banking control the world has ever seen.

    I don’t believe that Satoshi is anything more than a fictional character created to introduce this technology to the world. (but that’s just me…) 😖

    Like

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