Website: https://www.mercurynews.com

Rank: 928 / 1275

2 selected articles

As bitcoin soars, Coinucopia offers bitcoin at Bay Area ATMs

Click to print (Opens in new window)

Brittney Still, from Oakland, talks about the Coinucopia ATM, a Bitcoin ATM startup, to a friend, located inside of the Chevron station on Bird Ave. in San Jose, Calif., on Wednesday, Dec. 13, 2017. She has been using Bitcoin for several years. (Nhat V. Meyer/Bay Area News Group)

By Seung Lee | slee@bayareanewsgroup.com | Bay Area News...

Bitcoin gets easier for consumers to buy, spend – The ...

Another deterrent to consumers came last month when the Internal Revenue Service announced it would treat bitcoin as property, not currency, and could impose taxes on some bitcoin transactions. If you buy a $5 beer with bitcoins you bought for $2, but the bitcoin value had inflated, then that purchase would trigger a capital gains tax.

"Do you want to do the math of capital gains in order to figure out how to buy a beer at a ball game?" Schwanhausser said. "You're...

2 Resources