Despite a board which is now 100 percent voted for, and a new direction, the Bitcoin Association of Australia recently announced a unanimous decision to terminate their international affiliate agreement. \u00a0\u201cAfter many months of inaction on several fronts from the Bitcoin Foundation we no longer feel that there is any benefit to our organisation or to our members of being a part of the Bitcoin Foundation,\u201d stated the BAA president, Adam Poulton.<\/p>\n
Poulton explained that the topic has been casually discussed for several months. \u201cThe trigger for our decision was the fact that the membership portal has had several outages over the last 6 months. Unfortunately this has cost us important corporate memberships. As a result of this, we have implemented our own membership portal and have started accepting members directly.\u201d<\/p>\n
\n\u201cUnfortunately the understanding and optimism that we had at the beginning of this journey has not translated into any significant outcomes for the BAA or for the members within Australia that we represent.\u201d
\n— – Bitcoin Association of Australia<\/p>\n<\/blockquote>\n
All donations and fees were previously handled by the Bitcoin Foundation. The Israeli Bitcoin Foundation were also approached to become an international affiliate, Co-Founder Ron Gross explained the structure to Bitcoin Magazine. \u201cBasically, they proposed a sort of a revenue sharing model, where they will collect all of the member fees and the donations and within a certain period, maybe one month, they will transfer a half of that \u2013 a half of the member fees and a half of the donations \u2013 to us. And we won\u2019t have any option of accepting either of these on our own.\u201d<\/p>\n
In addition to accepting member fees and donations directly, Poulton states that the Bitcoin Association of Australia can now start to build its own brand, and forge its own direction. \u201cAlthough this will not change anything in the day to day operations of our organisation, we feel that our efforts are better directed at local campaigns, projects and events,\u201d he said<\/p>\n
The Bitcoin Association of Australia has a busy 2016 in store, focusing heavily on education, adoption and problems faced by the Bitcoin community there. \u201cThere is the ongoing issue with bitcoin businesses having reliable access to banking facilities at Australian banks. We are in the early stages of organising a high level meeting of banking representatives, regulators and government officials to see if there is any way forward for bitcoin businesses within the existing banking framework,\u201d said Poulton.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Bitcoin Association of Australia, the first affiliate to join the Bitcoin Foundation, has announced it will be severing ties, and moving out on their own.<\/p>\n","protected":false},"author":1208,"featured_media":39600,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[132,3691,4200],"_links":{"self":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts\/39599"}],"collection":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/users\/1208"}],"replies":[{"embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/comments?post=39599"}],"version-history":[{"count":1,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts\/39599\/revisions"}],"predecessor-version":[{"id":40839,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts\/39599\/revisions\/40839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/media\/39600"}],"wp:attachment":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/media?parent=39599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/categories?post=39599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/tags?post=39599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}