Two Australian State Politicians Reveal Bitcoin Holdings

Two sitting ministers from the legislature of the Australian state of Queensland have revealed that they privately own bitcoin. The declarations have been made for the state’s register of members’ interests – which lists information including the properties, trusts, and union memberships of Queensland’s politicians.

Queensland Registry Reveals Aussie Politicians Own Bitcoin

The updating of the register of Queensland’s politicians’ interests has revealed that two of the state’s representatives currently own bitcoin. The register discloses the formal political affiliations of the state’s politicians, in addition to revealing major assets and investments owned by Queensland’s representatives.

Nick Dametto, a recently elected MP for Katter’s Australian Party – a right-leaning minority party that seeks to serve Queensland’s vast rural population – has discussed his bitcoin holdings with Fairfax Media.

Mr. Dametto first purchased bitcoin in October 2017, which quickly grew in value. “I then used my bitcoin to buy a couple of different other coins that are worth a lot less, and then they went up a little bit, and at one point my $5,000 investment went up to $60,000, then it crashed after Christmas,” Mr. Dametto said…

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