> They don't ignore cryptocurrencies, they just don't recognize them as 'currencies'[1][2], since they're not backed by a central authority (government or bank)

> They don't ignore cryptocurrencies, they just don't recognize them as 'currencies'[1][2], since they're not backed by a central authority (government or bank). Australia seems to recognise Bitcoin as currency [1], as does Japan[2]. 1. http://www.businessreviewaustralia.com/finance/2403/Australia-to-recognise-Bitcoin-as-money-by-early-July http://www.businessreviewaustralia.com/finance/2403/Australi... 2. https://www.cnbc.com/2017/04/12/bitcoin-price-rises-japan-russia-regulation.html https://www.cnbc.com/2017/04/12/bitcoin-price-rises-japan-ru...