The government, while late to the party, has followed up its March 2016 financial technology agenda paper "Backing Australian FinTech" with a call for suggestions on what tax incentives might encourage venture capital investment into what the Treasury has called "the right FinTech startup activities". There are also moves underway to find ways to remove double taxation on payments made using digital currencies.Federal Treasurer, Scott Morrison, in releasing the government's FinTech statement in March, made the point that "financial technology is reducing information asymmetry in the marketplace and thereby helping to mitigate risk and promote the efficient allocation of scarce resources.""Competition policy and microeconomic reform will be driven by the innovations in FinTech, especially in payments systems, and the ASX has already announced that it is seeking to introduce Blockchain technology for its clearing and settlements process," Morrison added.The federal government, accordingly, is trying to encourage home-grown FinTech startups to stay home, after identifying the potential benefits from backing 'the right' banking and insurance activities. Such changes "may include potential changes to the Income Tax Assessment Act 1997 definition of 'ineligible activities' for venture capital investment," a note from Treasury suggests.In the same discussion paper, "Backing Australian FinTech" the Commonwealth government also announced that it would address the 'double taxation' of digital currencies under the Goods and Services Tax, including working with the private sector on developing options to reform the GST law.The current treatment under the GST means that consumers are 'double taxed' when using digital currency to purchase anything already subject to the tax. The government said yesterday that it "recognises that this treatment may be preventing the use of digital currencies and hindering their further development" and has therefore released another discussion paper: 'GST treatment of digital currency'.This paper provides background and questions for consultation on the potential approaches available to identify digital currencies in the GST law and change their GST treatment to remove 'double taxation'.The closing date for submissions on both consultation papers is Friday, 3 June 2016. Details and links for FinTech investment are here; and for GST and digital currencies more details are here.