Virtual Currency

More Bitcoins, More Problems

March 28, 2014 | 0 Comments

The IRS wants businesses and individuals to know that using Bitcoin or other “convertible virtual currency” has tax consequences. According to the IRS, a person accepting convertible virtual currency as payment must report the fair...

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The Justice Department sent jolts of concern through virtual currency providers last week, with its indictment against Liberty Reserve – a shadowy and anonymized virtual currency that, according to the Indictment against it, was “a...

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