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IRS says bitcoins are taxable property, but not currency

Technology / Mobile : Engadget: Mobile

People love referring to Bitcoin as a "cryptocurrency," but the Internal Revenue Service looks at it a little differently. According to a new IRS statement, Bitcoin should be considered property, not currency. What does that mean fo...

'Crazy' ICOs are driven by Bitcoin millionaires who need to diversify but don't want to pay tax

Business & Finance : Business Insider: Clusterstock

A large portion of ICOs are funded by people who got rich buying Bitcoin. They need to diversify their exposure to the volatile cryptocurrency. But they don't want to pay tax. On that basis, ICOs look like a good deal. LONDON — Wher...

In Scramble To Explain Bitcoin, BIS Unveils "A New Taxonomy Of Money" In Three Charts

Business & Finance : Zero Hedge

New cryptocurrencies are emerging almost daily, and many interested parties are wondering whether central banks should issue their own versions. But what might central bank cryptocurrencies (CBCCs) look like and would they be useful...

Bitcoin Isn't the Only Cryptocurrency in Town

Technology : Technology Review Editors' Blog

Currencies designed to fix perceived flaws in Bitcoin could lead to competition that makes the idea of digital “cryptocurrency” stick. In recent weeks, the digital currency Bitcoin has soared and then dipped in value, along the way ...

Bitcoin Slips In The Wake Of The IRS’s Tax Decision

Technology : TechCrunch: Enterprise

Earlier this week, the IRS decided that Bitcoin is property, not currency, setting in place a regulatory structure that could see users of the cryptocurrency forced to keep price score in a rapidly shifting market. Bitcoin had a rou...

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