Bitcoin prices rose slightly in Asian trading

  Bitcoin prices rose slightly in the Asian session on Monday (December 14), and the strength after yesterday's continued rise was generally maintained.

     The quotes released by BITSTAMP show that Bitcoin/US dollar (XBT/USD) bottomed out at around 425 yesterday and then soared to above 440. Although it has since retreated to around 430, it has risen again to above 435 on this trading day.

(Bitcoin/US dollar time-sharing chart Source: Bloomberg, FX168 Financial Network)

     The quotes released by KRAKEN show that Bitcoin/Euro (XBT/EUR) bottomed out at around 385 yesterday and then soared to above 400, then retreated to the 390 level, but rose again to above 395 in the Asian session of this trading day.

(Bitcoin/Euro time-sharing chart Source: Bloomberg, FX168 Financial Network)

     The quotes released by Huobi.com show that Bitcoin/CNY soared from 2780 to around 2933 yesterday. Although it then fell back to 2850, it rose again to 2890 in the Asian session of this trading day.

(Bitcoin/RMB 30-minute chart Source: Huobi.com )

     In the industry, foreign media reported that a person claiming to be Satoshi Nakamoto, the inventor of Bitcoin, recently stated that Craig Steven Wright, whose home was raided by Australian police a few days ago, was not him.

     The words "Bitcoin" and "Australia" have been closely associated recently, as it was previously reported that the inventor of Bitcoin, Satoshi Nakamoto, is an Australian.

     The Australian government and regulatory authorities are trying to regulate domestic Bitcoin-related matters recently. The review report released by the Economic Advisory Committee in August this year not only summarizes the current situation, but also provides a series of reference suggestions.

     The report argues that Bitcoin should be considered a currency. Therefore, the government should amend the definition of currency in the new tax rate system (goods and services tax) implemented in 1999 and include virtual currency in the financial supply of the new tax rate system.

The report also recommends that further testing of the appropriate tax treatment of virtual currencies should be added to the tax rate white paper, particularly considering income tax and additional gains tax.

     The report states that the Australian government should consider establishing a virtual economy task force to collect further information on the use, opportunities and risks of virtual currencies. This will help regulators such as the Reserve Bank of Australia and the Australian Securities and Investments Commission (ASIC) to determine whether it is necessary to make appropriate adjustments to virtual currency transactions.

     The report also recommends a review of the use of anti-money laundering and counter-terrorism (AML/CTF) regulations in relation to virtual currency transactions.

     At 13:07 Beijing time on December 14, Bitcoin/USD was 436.00, Bitcoin/Euro was 396.83, and Bitcoin/RMB was 2889.90.