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IRS: Bitcoin Is Property [FULL RELEASE] - Business Insider

The IRS has ruled Bitcoin should be treated as property, not as currency, for tax purposes.

According to Bitcoin tax expert Tyson Cross, this will create a significant burden on Bitcoin users, as every transaction they ever make using the digital currency will have to be reported in some way.

That would not be the case if it had been ruled a digital currency.

"Users will have to track...

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Related topics : virtual currency price list / digital virtual currency and bitcoins / bitcoin virtual currency mining / virtual currency exchange business / virtual currency exchange bitcoin

The Future Of The Blockchain - Business Insider

If you did, you may want to read on. It's becoming increasingly clear that Satoshi's creation has the potential to change how much of commerce itself works, and for reasons not even many Bitcoin fans realize.

By many accounts, Satoshi came up with a...

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