Virtual Currency - Sell Virtual Currency - Paymentwall

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Integrate Virtual Currency API

Paymentwall offers virtual currency exchange rate adaption in over 50 global currencies to localize purchasing options. Provide virtual money for in game purchases through...

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Website: https://www.paymentwall.com

Related topics : virtual currency exchange rates / virtual currency exchange game / sell virtual currency / virtual currency exchange / virtual global currency

Virtual Currencies | Internal Revenue Service

The sale or other exchange of virtual currencies, or the use of virtual currencies to pay for goods or...

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Date: 2017-12-19 22:34:56
Website: https://www.irs.gov

Related topics : virtual currency exchange business / virtual currency exchange / virtual currency

Virtual currency - definition of Virtual currency by The ...

Virtual currency - definition of Virtual currency by The Free Dictionary

https://www.thefreedictionary.com/Virtual+currency

bitcoin

n

1. (Computer Science) (usually capital) a system of open source...

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Website: thefreedictionary.com

Related topics : virtual currency exchange definition / open source virtual currency system / free virtual currency / virtual currency exchange software / virtual currency payment system

IRS Virtual Currency Guidance | Internal Revenue Service

IRS Virtual Currency Guidance

IRS Virtual Currency Guidance : Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for Property Transactions Apply

IRS Statements and Announcements

IR-2014-36, March. 25, 2014

WASHINGTON -- The Internal Revenue Service today issued a notice providing answers to frequently asked questions (FAQs) on virtual currency, such as bitcoin. These FAQs provide basic information on the U.S. federal tax implications of transactions in, or transactions that use, virtual currency.

In some environments, virtual currency operates like "real" currency -- i.e., the coin and paper money...

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Date: 2017-12-19 22:33:49
Website: https://www.irs.gov

Related topics : virtual currency like bitcoin / virtual currency exchange bitcoin / virtual currency meaning / virtual currency exchange / virtual currency bitcoin

Virtual Currency | eBay

Get it in front of 160+ million buyers.

What is virtual currency?

Virtual currency is a form of online money that exists solely in the virtual world. Central banking authorities, such as the United States Federal Reserve, do not regulate this currency. Users typically store virtual currency in online wallets or accounts. Many virtual currency systems rely on mining, a practice that allows individuals to use specific software to...

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Date: 2017-12-20 01:52:53
Website: ebay.com

Related topics : open source virtual currency system / bitcoin virtual currency mining / virtual currency payment system / virtual currency exchange bitcoin / virtual currency system

Virtual currency system - The IT Law Wiki

A virtual currency system is a system in which transactions take place using virtual currency .

There are three types of virtual currency systems:

In a "closed-flow" virtual currency system virtual currency can be used only to purchase virtual goods or services. An example of a closed-flow transaction is the purchase of items to use within an online game . Virtual tools amassed by players can be...

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Date: 2014-08-12 03:07:53
Website: http://itlaw.wikia.com

Related topics : virtual currency system / virtual world currency exchange / virtual currency exchange game / virtual currency exchange / virtual currency market

Virtual currency bitcoin meaning - Transfer bitcoin ke ...

Virtual currency bitcoin meaning

Virtual currency bitcoin meaning

Japanese push to regulate exchanges and recognize bitcoins as. a definition for bitcoin and virtual currencies that.

(U) Bitcoin Virtual Currency: Intelligence Unique Features

The small number of Bitcoins will mean it will...

How can I create a bitcoin like virtual currency not based on.

Bitcoin Is Not Money, Charges Dropped...

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Website: http://mops-welpen.info

CFTC Launches Virtual Currency Resource Web Page

December 15, 2017

CFTC Launches Virtual Currency Resource Web Page

Washington, DC -- The Commodity Futures Trading Commission (CFTC) today launched a virtual currency resource Web page, cftc.gov/bitcoin . This dedicated page is a central repository for Commission-produced resources about virtual currency, and is designed to educate and inform the public about these commodities, including the possible risks associated with investing or speculating in virtual currencies or recently launched Bitcoin futures and options.

The newly launched Web page provides quick access...

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Website: http://www.cftc.gov

Related topics : virtual currency market / virtual currency exchange bitcoin / virtual currency bitcoin / virtual currency exchange / virtual currency

Bitcoin and Money Laundering - World.tax

Decentralized and untraceable virtual currencies are attractive to those wishing to shift money across borders or to conduct illegal activities online anonymously. Bitcoin became a favourite means of payment on the Silk Road, a digital marketplace for illegitimate trade that operated exclusively on the "Tor" network. Given these concerns, regulatory agencies in charge of preventing money...

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Website: https://www.world.tax

Related topics : virtual currency exchange definition / virtual world currency exchange / virtual currency exchange business / virtual currency exchange bitcoin / virtual currency exchange

Commodity Futures Trading Commission Approach to Virtual ...

Commodity Futures Trading Commission Approach to Virtual Currency Futures Markets

virtual currency and virtual currency derivatives present both significant opportunities and challenge

market abuses of pump and dump schemes

�CFTC declared virtual currencies to be a "commodity" subject to oversight under its authority

Virtual Currency Futures Markets� -� �insider trading, false...

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Website: https://investorsbuz.com

Related topics : virtual currency market / virtual currency like bitcoin / virtual currency exchange bitcoin / virtual currency bitcoin / virtual currency exchange platforms

What changes for virtual currency with anti-money ...

Virtual currency for the 1st time falls under Italian anti-money laundering law with the decree implementing the European 4th AML Directive.

The long awaited Italian legislative decree implementing the European 4th anti-money laundering (AML) directive (the "Italian AML Decree") is now in place and you can read here about the impact on the gaming sector and here on the broader scope of changes...

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Date: 2017-12-19 07:30:24
Website: http://www.gamingtechlaw.com

Related topics : virtual currency exchange definition / virtual currency exchange bitcoin / virtual currency exchange game / virtual currency exchange / virtual currency bitcoin

Value of Virtual Currencies v US Dollar | Virtual Currency ...

This is a list of real and virtual currency exchange rates against the US dollar. The values listed represent the amount of a given currency you can expect to be able to purchase for 1 USD.

List of Virtual Currencies v US...

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Website: http://www.ivanwalsh.com

Related topics : virtual currency list / virtual currency exchange rates / virtual world currency exchange / virtual world currency / virtual currency exchange

NYSDFS: BitLicense Frequently Asked Questions

Subject to certain exceptions, anyone engaging in any of the following activities is required to obtain a BitLicense:

Virtual currency transmission

Storing, holding, or maintaining custody or control of virtual currency on behalf of others

Buying and selling virtual currency as a customer business

Performing exchange services as a customer business

Controlling, administering, or issuing...

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Date: 2017-03-30 22:04:03
Website: http://www.dfs.ny.gov

Related topics : virtual currency exchange business / sell virtual currency / virtual currency exchange software / virtual currency exchange / virtual currency

PROCEEDS OF CRIME (SUPERVISORY BODIES) (VIRTUAL CURRENCY ...

Proceeds of Crime (Supervisory Bodies) (Virtual Currency Exchange Business) (Exemption) (Jersey) Order 2016

Made                                                                  23rd September 2016

Coming into force                                               26th September 2016

THE...

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Date: 2018-01-11 19:57:53
Website: https://www.jerseylaw.je

Related topics : virtual currency exchange business / virtual currency exchange / virtual currency meaning / virtual currency

Virtual currency | Article about virtual currency by The ...

Virtual currency | Article about virtual currency by The Free Dictionary

https://encyclopedia2.thefreedictionary.com/virtual+currency

Also found in: Dictionary .

virtual currency,

a means of payment that is electronically created and stored, more specifically an unregulated electronic medium of exchange that operates like a currency but is created and controlled by computer software; also called...

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Website: https://encyclopedia2.thefreedictionary.com

Uniform Regulation of Virtual Currency Businesses Act

Virtual currency can be simply defined as a form of electronic value, the value of which depends on the market. It is not backed by government (so that it lacks status as legal tender). The interest in virtual currency arises because it is allegedly safer from hacking, often cheaper and faster, and has...

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Website: http://www.uniformlaws.org

Related topics : virtual currency exchange business / virtual currency exchange / virtual currency market / virtual currency / electronic currency exchanger

European Union – Policy Summary for Regulation of Virtual ...

European Union - Policy Summary for Regulation of Virtual Currency

March 23, 2016

COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on an Action Plan for strengthening the fight against terrorist financing

"Virtual currency exchange platforms: There is a risk that virtual currency transfers may be used by terrorist organisations to conceal transfers, as transactions...

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Website: http://bitlegal.io

Related topics : virtual currency exchange platforms / virtual currency exchange / virtual currency payment system / virtual currency system / virtual currency market

Initial Coin Offerings, Digital Tokens and Virtual Currencies

Initial Coin Offerings, Digital Tokens and Virtual Currencies

What have Initial Coin Offerings, Digital Tokens and Virtual Currencies got to do with investments?

If you have been puzzling over terms like digital, virtual or cryptographic currencies, or digital tokens, or initial coin offerings and wondered what these terms mean, you may like to find out more here.

What are digital, virtual or...

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Website: http://www.mas.gov.sg

Bitcoin - CFTC

Today, FinTech is driving innovation in financial markets across the globe. New technologies are wide-ranging in scope, from cloud computing and algorithmic trading to distributed ledgers to artificial intelligence and machine learning to network cartography, and many others. These technologies have the potential for significant or even transformational impact on CFTC regulated markets and the...

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Website: http://www.cftc.gov

Related topics : virtual currency exchange bitcoin / digital virtual currency and bitcoins / virtual currency market / virtual currency bitcoin / virtual world currency exchange

Australia to regulate virtual currency exchanges like Bitcoin

Australia is set to regulate virtual currency exchanges such as Bitcoin and strengthen the powers of its financial intelligence agency AUSTRAC as it cracks down on money laundering and terrorism financing

Australia is set to regulate virtual currency exchanges such as Bitcoin and strengthen the powers of its financial intelligence agency AUSTRAC as it cracks down on money laundering and terrorism...

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Website: https://phys.org

Related topics : virtual currency exchange bitcoin / virtual currency like bitcoin / digital virtual currency and bitcoins / bitcoin digital currency exchange / virtual currency bitcoin

Virtual currency - Wikipedia

Definitions[ edit ]

In 2012, the European Central Bank defined virtual currency as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community". [1] :13

In 2013, Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury , in contrast to its regulations defining currency as...

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Date: 2017-12-20 01:25:46
Website: https://en.wikipedia.org

Virtual currency - Wikipedia

Definitions[ edit ]

In 2012, the European Central Bank defined virtual currency as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community". [1] :13

In 2013, Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury , in contrast to its regulations defining currency as...

Read more

Date: 2017-12-27 15:01:38
Website: https://en.wikipedia.org

SEC.gov | Investor Bulletin: Initial Coin Offerings

To facilitate understanding of this new and complex area, here are some basic concepts that you should understand before investing in virtual coins or tokens:

What is a blockchain?

A blockchain is an electronic distributed ledger or list of entries - much like a stock ledger - that is maintained by various participants in a network of computers.� Blockchains use cryptography to process and...

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Date: 2018-01-10 15:18:31
Website: https://www.sec.gov

Related topics : virtual currency exchange business / virtual currency exchange bitcoin / virtual currency exchange rates / virtual currency exchange / digital virtual currency and bitcoins

How Bitcoins Are Taxed - The Balance

By William Perez

Updated April 07, 2017

Whenever bitcoin is bought, sold, or traded, there are tax impacts. We'll discuss how bitcoins and other forms of virtual currency are taxed, and point out record keeping requirements and tax planning techniques that can be utilized. At the end you'll find resources for continuing your own research.

The big picture:

"The key thing going forward is...

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Website: https://www.thebalance.com

Philippine Central Bank Approves Registration of Virtual ...

Local media has reported�that the Philippines' central bank, the Bangko Sentral ng Pilipinas (BSP), has successfully registered two companies seeking to operate bitcoin exchanges in the Philippines. The announcement comes after the BSP introduced legislation designed to recognize and regulate virtual currency exchanges earlier this year.

The Philippine virtual currency exchanges will operate under the Anti-Money Laundering...

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Website: https://satowallet.com

Related topics : virtual currency exchange bitcoin / virtual currency exchange business / bitcoin exchange money laundering / virtual currency exchange / bitcoin money exchange

Virtual World Currency Value Fluctuation Prediction System ...

Virtual World Currency Value Fluctuation Prediction System Based on User Sentiment Analysis

Young Bin Kim, 

Figures

Abstract

In this paper, we present a method for predicting the value of virtual currencies used in virtual gaming environments that support multiple users, such as massively multiplayer online role-playing games (MMORPGs). Predicting virtual currency values in a virtual gaming...

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Website: http://journals.plos.org

Related topics : virtual world currency exchange / virtual world currency / virtual currency and the financial system the case of bitcoin / virtual currency exchange game / open source virtual currency system

What Community Bankers Should Know About Virtual ...

The virtual currency landscape includes many participants, from the merchant that accepts the virtual currency, to the intermediary that exchanges the virtual currency on behalf of the merchant, to the exchange that actually converts the virtual currency to real currency, to the electronic wallet provider that holds the virtual currency on behalf of its owner. Accordingly, opportunities abound...

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Website: https://www.communitybankingconnections.org

Virtual currency exchanges in China told to shut down ...

Virtual currency exchanges in China told to shut down operations by regulators

Virtual currency exchanges in China have been told to close down their operations, according to a news publisher that reports on the industry.18 Sep 2017

Asia Pacific

CoinDesk reported that Chinese authorities have called on the trading platforms to announce that they are closing before the end of 15 September, and...

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Website: https://www.out-law.com

Related topics : virtual currency exchange business / virtual currency exchange platforms / virtual currency exchange bitcoin / virtual currency exchange / digital currency exchange business

Bitcoin & Cryptocurrency - CFTC Launches Virtual Currency ...

The newly launched Bitcoin web page provides quick access to the CFTC's virtual currency primer; CFTCTalks podcast episode featuring CFTC staff discussing virtual currencies; LabCFTC, the Commission's FinTech effort; and a fact sheet explaining the CFTC's role in oversight of virtual currencies.

Additionally, the CFTC today released a Customer Advisory, titled " Understand the Risks of Virtual Currency Trading ". This advisory details the risks of purchasing Bitcoin virtual currencies in the cash market, in addition to those risks present in virtual currency futures and options.

The CFTC's Jurisdiction and Virtual Currencies

Bitcoin and other virtual...

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Website: https://coinweek.com

Related topics : virtual currency exchange bitcoin / virtual currency bitcoin / virtual currency market / virtual currency exchange / virtual currency system

A free virtual currency platform for developers | SuperRewards

A free virtual currency platform for developers

A free virtual currency platform for developers

You've come to the right place!

If your social or mobile game has a virtual currency component, it's important to make the most of the platform you choose to manage that currency as your game grows.

So what's the secret when it comes to choosing a great currency platform? Let's look at some key factors that contribute to success...

INTEGRATE FOR FREE IN MINUTES

Easy setup and integration: Getting a currency platform in place should be easy; usually one or...

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Date: 2017-12-19 04:43:15
Website: https://www.superrewards.com

Related topics : virtual currency exchange platforms / free virtual currency / virtual currency exchange game / buy virtual currency / virtual currency exchange rates

You can now buy bitcoins on eBay | The Daily Dot

These days, there are plenty of ways to acquire virtual currency. You can buy it on an exchange . You can withdraw it from a Bitcoin ATM . You can mine it yourself. You can steal it in a massive, complex, multimillion-dollar heist.

Now there's a new addition to that list: You can buy it on eBay .

Without going out of its way to court much publicity, the online auction Goliath has quietly added a...

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Website: https://www.dailydot.com

New FinCEN Guidance Changes Regulatory Landscape for ...

New FinCEN Guidance Changes Regulatory Landscape for Virtual Currencies and Some Prepaid Programs

03.22.2013

Updates

Overview

To address a perceived gap in regulatory treatment of increasingly popular virtual currencies, including Bitcoin, the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) released new guidance on March 18, 2013.  The guidance represents the first...

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Website: https://www.perkinscoie.com

Related topics : virtual currency like bitcoin / bitcoin virtual currency mining / bitcoin virtual currency unique features present distinct challenges for deterring illicit activity / virtual currency exchange business / virtual currency exchange game

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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Website: http://www.businessinsider.com

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

bitcoin information page - CFTC

Today, FinTech is driving innovation in financial markets across the globe. New technologies are wide-ranging in scope, from cloud computing and algorithmic trading to distributed ledgers to artificial intelligence and machine learning to network cartography, and many others. These technologies have the potential for significant or even transformational impact on CFTC regulated markets and the...

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Website: http://www.cftc.gov

Related topics : virtual currency exchange bitcoin / digital virtual currency and bitcoins / virtual currency bitcoin / virtual world currency exchange / virtual currency market

BSP approves registration of 2 bitcoin exchange operators ...

The Bangko Sentral ng Pilipinas has approved the registration of two companies to engage in the operation of bitcoin exchanges as part of efforts to regulate the fast growing but potentially risky virtual currency industry.

BSP Governor Nestor Espenilla Jr. said during the FinTech Thought Leadership Roundtable Series presented by FINTQ, the central bank has given the two companies the green light...

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Date: 2017-12-30 08:41:55
Website: http://www.philstar.com

Related topics : virtual currency exchange bitcoin / virtual currency exchange business / virtual currency exchange / virtual currency and the financial system the case of bitcoin / bitcoin digital currency exchange

Made a Bitcoin fortune? Pay the tax now! - Rediff.com Business

Based on the holding period, the profit you make are liable to short-term or long-term capital gains tax, experts tell Tinesh Bhasin.

While virtual currencies like Bitcoin are gaining popularity, there is still lack of clarity on how they should be taxed.

Many buyers of cryptocurrencies, therefore, don't pay tax on the gains they make on selling them.

Software developer Pawan Bharti recently sold...

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Website: http://www.rediff.com

Related topics : virtual currency exchange bitcoin / virtual currency like bitcoin / virtual currency exchange definition / virtual currency exchange business / virtual currency exchange software

"FINTRAC Advisory regarding Money Services Businesses ...

FINTRAC Advisory regarding Money Services Businesses dealing in virtual currency

FINTRAC Advisory regarding Money Services Businesses dealing in virtual currency

OTTAWA, July 30, 2014 - On February 11, 2014, Economic Action Plan 2014 announced the Government's intention to introduce legislative changes and new regulations to strengthen Canada's Anti-Money Laundering and Anti-Terrorist Financing Regime. Among other things, these changes will address virtual currencies.

On June 19, 2014, the Economic Action Plan 2014 Act, No. 1, received Royal Assent. The Act contained changes to the Proceeds of Crime (Money...

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Website: http://www.fintrac-canafe.gc.ca

Related topics : virtual currency exchange business / virtual currency exchange / buy virtual currency / sell virtual currency / virtual currency meaning

Bitcoin, Tax and South African Exchange Control ...

Written by Leo-Wednesday 18 June 2014- fintax

Bitcoin is currently the most widely used virtual currency.

Update (18 September 2014): The South African Government's View On Virtual Currencies

The chart below reflects the one year history (July 2013 to mid June 2014) of the price of one Bitcoin on the Bitstamp.net platform. In July 2013 the price of one Bitcoin in terms of US Dollars was just...

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Website: https://notesbyleo.com

China Steps Up Curbs on Virtual Currency Trading - Caixin ...

Regulators order halt to virtual currency trading platforms after ban on initial coin offerings. Photo: Visual China.

Chinese regulators ordered a halt to all virtual currency trading platforms in the country, acting to further rein in risks related to cryptocurrencies, Caixin learned from a source close to regulators.

The central government's office overseeing internet financial risks has...

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Website: caixinglobal.com

Related topics : virtual currency exchange platforms / bitcoin currency trading / virtual currency exchange bitcoin / digital virtual currency and bitcoins / virtual bitcoin trading

Bitcoin exchange- Latest News on Bitcoin exchange | Read ...

Bitcoin hits $15,000 for first time, jumps over 50% in just one week

The rally came just a day after the virtual currency, which has been used to buy everything from an ice cream to a pint of beer, hit the $12,000 mark for the first time, while it has soared more than 50 percent in value in just one week.

Dec 07, 2017, 16:13 PM IST

The head of collapsed Bitcoin exchange MtGox was facing fresh...

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Date: 2017-12-20 04:27:27
Website: http://zeenews.india.com

What Is Virtual Currency? (And Why You Should ... - Insteading

What Is Virtual Currency? (And Why You Should Care)

Post by Beth Buczynski o Last Updated: May 18, 2011

Affiliate Policy : Posts may contain links to outside vendors that pay us a commission when you purchase from them, at no additional cost to you. Thank you for supporting our site!

For centuries, people have been restricted by society's definition of money and value. What if there was a way out...

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Website: http://insteading.com

Related topics : buy virtual currency with credit card / virtual currency payment system / virtual currency exchange rates / virtual currency like bitcoin / virtual currency exchange bitcoin

How Do I Buy Virtual Currency??? - YouTube

The first blogpost I've ever done. Please feel free to ask...

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Website: youtube.com

Related topics : virtual currency exchange / free virtual currency / buy virtual currency / virtual currency

UAE Central Bank clarifies virtual currency ban | GulfNews.com

LARGE

Dubai: The Central Bank of the UAE has clarified regulations released on January 1, 2017, stating they do not outlaw virtual currencies such as BitCoin.

In a statement to Gulf News clarifying the regulation, Mubarak Rashid Khamis Al Mansouri, Governor of the Central Bank, said: "these regulations do not cover 'virtual currency', which is defined as any type of digital unit used as a medium...

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Website: http://gulfnews.com

Related topics : virtual currency exchange bitcoin / virtual currency like bitcoin / digital virtual currency and bitcoins / virtual currency bitcoin / virtual currency exchange business

Make P2P and B2B payment with Perfect Money

7money.co - E-currency exchange service is clear and intuitive design of the site will help to exchange e-currency quickly and without difficulties support site will respond quickly and efficiently in English. Buy / Sell PM, Privat24 UAH, PUMB UAH, Bitcoin. 7money. - . ...

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Website: perfectmoney.is

Related topics : instant perfect money to bitcoin exchange / electronic currency exchangers rating / buy bitcoin with perfect money / online currency exchange bitcoin / virtual currency exchange rates

Make P2P and B2B payment with Perfect Money

7money.co - E-currency exchange service is clear and intuitive design of the site will help to exchange e-currency quickly and without difficulties support site will respond quickly and efficiently in English. Buy / Sell PM, Privat24 UAH, PUMB UAH, Bitcoin. 7money. - . ...

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Website: https://www.perfectmoney.is

Related topics : instant perfect money to bitcoin exchange / electronic currency exchangers rating / buy bitcoin with perfect money / online currency exchange bitcoin / virtual currency exchange rates

Press Release - January 17, 2017: DFS Grants Virtual ...

DFS GRANTS VIRTUAL CURRENCY LICENSE TO COINBASE, INC.

Five Virtual Currency Entities Have Received Approval by DFS to Operate in New York

Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has approved the application of Coinbase, Inc., a wholly owned subsidiary of Coinbase Global, Inc., for a virtual currency and a...

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Date: 2018-01-04 15:43:00
Website: http://www.dfs.ny.gov

Related topics : virtual world currency exchange / virtual currency exchange business / virtual currency exchange bitcoin / virtual currency exchange / virtual global currency

10 things you should know about Bitcoin and digital ...

10 things you should know about Bitcoin and digital currencies

Bitcoin and other digital currencies have emerged as potential disruptors to the financial system, but fear, theft, and illegal activity still hang over them. Here's what you need to know.

By Lyndsey Gilpin | May 21, 2014, 4:00 AM PST

Google Plus

Bitcoin has injected itself into a lot of conversations about the future of technology,...

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Website: https://www.techrepublic.com

Tax Tips for Bitcoin and Virtual Currency - TurboTax Tax ...

Virtual currency like Bitcoin has shifted into the public eye in recent years. Some employees are paid with Bitcoin, more than a few retailers accept Bitcoin as payment, and others hold the e-currency as a capital asset. Recently, the Internal Revenue Service (IRS) clarified the tax treatment of Bitcoin and Bitcoin transactions.

Convertible virtual currency is subject to tax by the IRS

Bitcoin is...

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Website: https://turbotax.intuit.com

FATF offers definitions, pros and cons of virtual currencies

The Financial Action Task Force (FATF) called virtual currencies both "the wave of the future" and a powerful new tool for criminals to move and store illicit funds, in a paper released last month. The FATF is an intergovernmental body that develops and promotes policies to protect the global financial system from money laundering and terrorist financing. The United States is one of 37 member...

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Website: http://news.cuna.org

Related topics : virtual & digital currency and payment systems / virtual currency and the financial system the case of bitcoin / virtual currency payment system / buy virtual currency with credit card / virtual currency pros and cons

FinCEN fines BTC-e $110 million for violating anti-money ...

One of the largest digital currency traders in the world has been assessed a $110 million dollar civil money penalty by the Financial Crimes Enforcement Network (FinCEN) and the U.S. Attorney's Office of the Northern District of California.

BTC-e, or Canton Business Corporation (BTC-e), was the target of the Treasury's first action against a foreign-located money services business for knowingly...

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Website: https://www.cyberscoop.com

Related topics : virtual currency exchange business / virtual currency exchange bitcoin / virtual world currency exchange / virtual currency exchange / will bitcoin be the one world currency