Taking a leaf out of Japan’s book, the government of Australia has announced that it will look into finally putting an end to the double taxation of digital currencies, such as bitcoin, in the country.

Australian customers using digital currency for transactions are currently taxed twice—one for the goods and services tax (GST) on the product and another one for the GST levied on the digital currency used for the payment. This is because the Australian Tax Office considers bitcoin and other digital currencies as an “intangible property,” which means that cryptocurrency-related transactions are “barter transactions.”

Recently, however, the government’s Productivity Commission recommended that the definition of money in GST regulations to be updated to include digital currency.

The commission also sought to amend the current Anti-Money Laundering and Counter-Terrorism Financing Act, so that regulation of digital currency-related businesses will be added for anti-money laundering and counter-terrorism financing purposes.