Asia Pacific round-up: Australian inquiry says digital currencies are real money , and more

7 Aug 15

A round-up of recent public finance stories from Asia Pacific you might have missed.

An Australian government inquiry will recommend treating digital currencies as money, simplifying tax for people who trade with them while forcing bitcoin exchanges to monitor customers for potential money laundering and terrorism financing activities. (Reuters)

The Public Accounts Committee has asked the Finance Ministry to explain why the government shares in FINTEL has been sold below the market valuation price. (fijivillage.com)

China has authorised its policy banks to issue new bonds in order to plough money into infrastructure spending, state media has reported, as planners fret over slumping economic indicators. (The Financial Times)

The national government registered a budget deficit last June, as spending picked up to keep pace with revenue growth. (InterAksyon.com)

India is looking to spur public spending further to provide momentum to the economy since private investment is yet to kick in, counting on rising revenue from a growth recovery to set aside more funds for infrastructure creation in the country. (Economic Times)

 

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