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 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

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

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

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

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 - 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

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

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

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

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

Apple Allows Virtual Currency Apps | iPad Repair Only

iPad Repair Near Me

Apple Allows Virtual Currency Apps

Apple has always previously denied any apps that promoted the use of virtual currencies, but having recently reviewed its App Store guidelines Apple has now decided upon a policy change and Coin Pocket has become the first virtual currency App allowed back into the App Store. Coin Pocket, the Bitcoin wallet app is now the first iOS app to allow users to send, receive and transfer virtual currency

Virtual currency, also known as virtual digital currency or even the rarely used cryptocurrency, is a form of currency not attached to any single country or bank, the...

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Website: https://ipadrepaironly.com

Related topics : virtual currency app store / digital virtual currency and bitcoins / virtual & digital currency and payment systems / virtual currency store / virtual currency bitcoin

NBA 2k17 Locker Codes 2017, Unlimited VC Glitch Free

Privacy Policy

NBA 2K17 locker Codes

Nba 2k17 locker codes is a set of codes released by 2k sports to provide virtual currency in the whole NBA 2k series. Actually, the concept behind locker codes is to provide small amounts of virtual currency, which the user generally purchases from his/her real money, for free as a token of gratitude. These VC's or virtual currency, in turn, can be used in the...

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Website: https://www.nba2k17-lockercodes.com

Related topics : buy virtual currency nba 2k17 / how to get free virtual currency in nba 2k16 / free virtual currency nba 2k18 / buy virtual currency nba 2k18 / free virtual currency nba 2k16

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

Bitcoin News Update - Live Trading News

Billionaire Michael Novogratz has unveiled plans to launch a full-service merchant bank dedicated to cryptocurrencies and blockchain-based ventures, with the aim of getting listed on Canada's TSX Venture Exchange.

The Wall Street trader is planning to raise $200 million if the initial public offering (IPO) of his company is successful. The firm, named Galaxy Digital, is building a "best-in-class,...

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Website: http://www.livetradingnews.com

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

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

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

FATF Offers Definitions, Pros and Cons of Virtual Currencies

FATF Offers Definitions, Pros and Cons of Virtual Currencies

Mon, Jul 21, 2014

Washington, District Of Columbia

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...

Read more

Date: 2017-12-20 02:03:03
Website: https://www.mddccua.org

Related topics : virtual currency pros and cons / 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

Consumer Advisory on Investment Schemes Involving Digital ...

The CAD and the MAS advise consumers to be mindful of potential risks of digital token and virtual currency-related investment schemes.

Singapore, 10 August 2017... The Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) have observed the emergence of initial coin (or token) offerings (ICOs), and other investment schemes involving digital tokens, in Singapore....

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

Related topics : digital virtual currency and bitcoins / virtual currency exchange bitcoin / bitcoin virtual currency project / virtual currency bitcoin / virtual currency meaning

It’s All Money: Virtual Currency Inspires Online Workers ...

Last October, we pointed out an interesting new type of offer in social games : players who wanted to earn virtual currency could click on an in-game offer by Gambit , a virtual goods monetization company, which would send them to complete real work for real-world companies.

We recently caught up with CrowdFlower , the company that assigns the workers to their tasks, to see how the ...

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Website: http://www.adweek.com

Related topics : gambit virtual currency / virtual world currency / virtual currency monetization / virtual currency meaning / virtual currency

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

How to sell your virtual currencies coins? » Buy Virtual ...

Home / How To's / How to sell your virtual currencies coins?

How to sell your virtual currencies coins?

November 22, 2016 | By BVC | 0

Share

So you've invested your hard earned cash into some virtual currencies. Now the price of them has now doubled or even tripped but how can you cash in on your profits.

There are two ways to sell your coins. Ones a lot easier than the other.

We'll start with...

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Website: http://buyvirtualcurrency.co.uk

Related topics : sell virtual currency / bitcoin buy price and sell price / buy virtual currency with paypal / buy virtual currency / bitcoin buy one exchange sell another

Open Metaverse Currency (OMC) - Virwox’s OMC

The Open Metaverse Currency (OMC) is a virtual currency. Its currency unit is the Open Metaverse Cent (OM¢). It is used to buy or sell virtual goods or services in virtual environments (worlds).

Unlike other virtual currencies it is accepted in a number of such worlds, not just one. Specifically, it is compatible with the OpenSim HyperGrid . This means you can go shopping with your avatar in any of the OMC-enabled grids , and pay in a single virtual currency from a single account. And if you run a business in one of those grids, you can receive OMC...

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Website: https://www.virwox.com

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

Bitcoin: Cybersecurity Regulations on the Horizon? | JD ...

Embed

To embed, copy and paste the code into your website or blog:

<iframe src="//www.jdsupra.com/post/contentViewerEmbed.aspx?fid=3dbde70b-7685-486b-b51c-b4fade5189a4" width="100%" height="620" frameborder="1" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" scrolling="auto"></iframe>

Unless you have been living under a rock, you have probably heard a lot about...

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Website: https://www.jdsupra.com

Code of conduct - ADCA

Australian Digital Currency Industry Code of Conduct

ADCA developed the Australian Digital Currency Industry Code of Conduct as a tool to help Australian consumers identify digital currency businesses that have best-practice standards in place.

The Digital Currency Industry Code of Conduct is a self-regulatory scheme and was developed in response to a recommendation of the Senate Enquiry into...

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Website: http://adca.asn.au

Related topics : list of digital currency companies / digital currency values / digital currency list / digital currency payment system / australian digital currency association

Bitcoin Code APP - teslertrading.com

The Bitcoin Code Review Is The Bitcoin Code APP SCAM Or LEGIT?

The Bitcoin Code Review Is The Bitcoin Code APP SCAM Or LEGIT?

Steven Abrahams October 15, 2017 Bitcoin Code No Comments

The Bitcoin Code Review Is The Bitcoin Code APP SCAM Or LEGIT? What is The Bitcoin Code Software? How To Create a Passive Income With The Bitcoin Code Trading System? Discover How To Be a Debt Free with The Bitcoin...

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Website: http://teslertrading.com

"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

Buy gold and silver online - Bitgild.com

Buy gold and silver with bitcoin, ethereum and ripple

Bitgild is one of the largest European gold and silver internet shops. You can buy gold and silver with Ethereum, Bitcoin, Ripple and more. Our exchange rates refresh every three minutes, so you are sure to get the latest rates on precious metals and crypto currencies. With the current virtual currency boast, we provide the means to exchange your virtual money for goods that have a physical value in the offline world.

For centuries gold has proven to be a good...

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Website: bitgild.com

Related topics : bitcoin to buy gold / virtual currency exchange rates / virtual currency exchange bitcoin / coin exchange bitcoin gold / bitcoin gold exchange rate

Buy gold and silver online - Bitgild.com

Buy gold and silver with bitcoin, ethereum and ripple

Bitgild is one of the largest European gold and silver internet shops. You can buy gold and silver with Ethereum, Bitcoin, Ripple and more. Our exchange rates refresh every three minutes, so you are sure to get the latest rates on precious metals and crypto currencies. With the current virtual currency boast, we provide the means to exchange your virtual money for goods that have a physical value in the offline world.

For centuries gold has proven to be a good...

Read more


Website: bitgild.com

Related topics : bitcoin to buy gold / virtual currency exchange rates / virtual currency exchange bitcoin / coin exchange bitcoin gold / bitcoin gold exchange rate

Bitcoin is Still Illegal in These 6 Countries - Bitcoinist.com

Bitcoin is Still Illegal in These 6 Countries

Antonio Madeira · May 18, 2017 · 9:30 am ·

Views: 7,131

As the Bitcoin revolution continues to spread throughout the world, there are still some places where buying or using Bitcoin is illegal and can get you in trouble.

Bitcoin Still Illegal in Some Countries

As Bitcoin's popularity continues to grow throughout the world, some governments are...

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Website: http://bitcoinist.com

Are There Any Bitcoin Stocks Worth Buying? -- The Motley Fool

Are There Any Bitcoin Stocks Worth Buying?

Believe it or not, at least five stocks have been tethered in some way to bitcoin -- but that doesn't make them worth buying.

Sean Williams

( TMFUltraLong )

Nov 13, 2017 at 7:12AM

When the dust finally settles and the calendar changes over to 2018, investors are likely to look back on 2017 as the year of the cryptocurrency. Having begun the year with a...

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Website: https://www.fool.com

Bitcoins: I-T notices to over 400,000 HNIs across India ...

The trigger for the action is understood to be the huge spike being registered in the value of bitcoins and other virtual currencies in the recent past.

Widening its probe into bitcoin investments and trade, the Income Tax (IT) department is set to issue notices to 400,000 to 500,000 high networth individuals

 

(HNI) across the country who were trading on the exchanges of this unregulated...

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Website: http://www.rediff.com

Related topics : virtual currency exchange bitcoin / virtual currency bitcoin / virtual currency trading india / virtual currency laws in india / virtual currency in india

Pre-order NBA 2K18 to Get Free Virtual Currency and Other ...

About Us

Pre-order NBA 2K18 to Get Free Virtual Currency and Other Bonuses

NBA 2K18 is launching on September 19 2017. The game was officially announced and the cover athlete was revealed to be none other that Shaquille O'Neal. It's the third time O'Neal is featured on the cover of an NBA 2K game. NBA 2K18 is available for PC, Nintendo Switch, Xbox One and 360, PS 4 and 3. There are three game...

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Website: https://www.nba2konline.net

Related topics : free virtual currency nba 2k18 / free virtual currency / virtual currency meaning / virtual currency

Bitcoin for Bankers Webinar | Center for Financial Training

Bitcoin lurked around the edges of the Internet during its first few years of existence, skyrocketed to exceed the price of gold, and has now seemingly faded. But contrary to popular belief, Bitcoin is still alive and well, and is starting to be used in some innovative ways.

We'll bring you up to speed on what Bitcoin is, how it compares to other virtual currencies, and what the threats and...

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Website: https://cftnow.org

Related topics : bitcoin virtual currency mining / virtual currency exchange bitcoin / virtual currency bitcoin / buy virtual credit card bitcoin / buy virtual currency with credit card

SEC.gov | SEC Charges Bitcoin Mining Companies

The Securities and Exchange Commission today charged two Bitcoin mining companies and their founder with conducting a Ponzi scheme that used the lure of quick riches from virtual currency to defraud investors.

According to the SEC's complaint filed in federal court in Connecticut, "mining" for Bitcoin or other virtual currencies means applying computer power to try to solve complex equations that...

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Date: 2017-12-29 19:58:45
Website: https://www.sec.gov

Related topics : bitcoin mining computer power / bitcoin mining company shares / bitcoin virtual currency mining / bitcoin mining hardware companies / bitcoin mining companies

Bitcoin Taxation: Understanding IRS Notice 2014-21 ...

Written By: Christopher Rajotte, Andrew Ittleman, and Mitchell Fuerst, Fuerst Ittleman David & Joseph, PL, Miami, Florida

From the recent collapse of the major bitcoin exchange, Mt. Gox, t o the alleged identification of Bitcoin's creator in California, the prominence of bitcoin in the public consciousness seems to escalate by the day. The public's focus on bitcoin at this time of year is...

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Website: https://bitcoinmagazine.com

Coinbase Exchange Review - Warrior Trading

Coinbase Exchange Review

Coinbase is one of the most trusted companies when it comes to using digital currencies like bitcoins and ethereum. The company was founded in June 2012, 3 years after Satoshi Nakamoto created Bitcoin as the first virtual currency that utilizes peer to peer technology. It is a digital currency wallet provider that allows individuals and merchants to transact virtual...

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Website: https://www.warriortrading.com

European Court of Justice: Bitcoin is a currency and ...

Swedish tax authorities for an advanced decision on whether or not the exchange of bitcoin into Swedish Krona and vice versa should be considered as a VAT taxable or VAT exempt activity.

The tax authorities said Bitcoin trading should be subject to VAT, but Hedqvist thought the answer should be no, and he took it to court and eventually it reached the appeal court in Sweden. Since all VAT law...

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Website: http://www.ibtimes.co.uk

Bitcoin Virtual Currency: Unique Features Present Distinct ...

Bitcoin Virtual Currency: Unique Features Present Distinct Challenges for Deterring Illicit Activity by FBI

(U//FOUO) Bitcoin - A decentralized,1 peer-to-peer (P2P) network-based virtual currency -

provides a venue for individuals to generate, transfer, launder, and steal illicit funds with some

anonymity. Bitcoin offers many of the same challenges associated with other virtual currencies,

such...

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Website: https://www.barnesandnoble.com

Related topics : bitcoin virtual currency unique features present distinct challenges for deterring illicit activity / bitcoin virtual currency fbi report / fbi bitcoin virtual currency / bitcoin p2p virtual currency / virtual currency like bitcoin

Bitcoin and blockchain technology use raise cybersecurity ...

Bitcoin and blockchain technology use raise cybersecurity questions

by�Drew Hendricks

As Bitcoin and blockchain technology increasingly move into the mainstream, cybersecurity regulations could be on the horizon for virtual currencies.

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CW ANZ - September 2017: Cloud ERP on the rise -ComputerWeekly.com

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Website: http://searchcompliance.techtarget.com

Related topics : bitcoin technology blockchain / virtual currency exchange bitcoin / current bitcoin blockchain / bitcoin blockchain explorer / bitcoin technology applications

Bitcoin Soars Above $17,000, Fuelling Worries And A ...

News Alerts

Bitcoin Soars Above $17,000, Fuelling Worries And A Worldwide Frenzy

Many industry experts warn that the United States is not prepared for bitcoin's entry into the financial markets.

Business | © 2017 The Washington Post | Renae Merle, The Washington Post | Updated: December 08, 2017 08:19 IST

48 Shares

Bitcoin has gone up more than 40 percent this week alone

Highlights

Bitcoin...

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Date: 2018-01-11 22:48:07
Website: https://www.ndtv.com

Consumer Alert: Buy Bitcoins at Your Own Risk

Virtual currency is a high-risk payment option for consumers

The Office of Consumer Affairs and Business Regulation advises consumers who may consider purchasing the digital or virtual currency Bitcoin to proceed with caution because of the high-financial risks involved.

Just last week, the largest Bitcoin exchange shut down resulting in hundreds of millions dollars' worth of lost bitcoins.A...

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Website: http://www.mass.gov

BaFin - Virtual Currency

Innovative means of payment have different names on a national and international level. They may be called virtual, digital, alternative or crypto currencies, money or coins, among other things. Examples include Bitcoin, Litecoin and Ripple.

In its Opinion , the European Banking Authority ( EBA ) defines virtual currencies as a digital representation of value that is neither issued by a central...

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Date: 2017-12-20 02:02:08
Website: https://www.bafin.de

Related topics : crypto virtual and digital currency and payment systems / virtual & digital currency and payment systems / transfer money from bitcoin to bank account / digital virtual currency and bitcoins / virtual currency mining meaning

What Are Bitcoins? Virtual Currency Explained (Like You're an ...

Members of Congress today will get a crash course on bitcoin, the digital "currency" that allows users to conduct transactions online. In just five years the virtual currency has gone from being worth pennies to nearly $600 apiece. It has funded nascent democracy movements as well as a huge underground marketplace for illegal drugs and weapons.

We set out to answer the question: What Are...

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Website: http://abcnews.go.com

What Are Litecoins? Find Out With Our Beginners Guide to ...

Welcome to the world of litecoins!

Litecoin is an online currency that's skyrocketing in popularity. Find out everything you need to know about this new virtual currency that has all the investors massively excited, just scroll down.

What are Litecoins?

Litecoins are a virtual currency that can be used to buy...

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Date: 2018-01-01 13:03:58
Website: http://whatarelitecoins.com

Related topics : litecoin mining gpu guide / litecoin mining difficulty increase / virtual currency mining meaning / buy virtual currency / litecoin mining gpu

FBI (Federal Bureau of Investigation) (2012) Bitcoin ...

JOURNAL NAME: Modern Economy , Vol.6 No.7 , July 20, 2015

ABSTRACT: Digital currencies, virtual currencies, in-game currencies, etc., have gathered a lot of attention, despite the difficulties of definition, from all corners of society for many years. Cryptocurrency has gained unprecedented attention since the birth of Bitcoin in 2009. Bitcoin is an online system of making and receiving payments in bitcoins. The system distinguishes...

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Website: http://www.scirp.org

Related topics : how to make bitcoin payment system / virtual & digital currency and payment systems / digital virtual currency and bitcoins / bitcoin payment system / open source virtual currency system

Bitcoin Investment Strategy - What is bitcoin? - 30BTC

30BTC » Bitcoin Investing

The Ultimate Bitcoin Investment Strategy

Investing in Bitcoin is a strategical decision that comes with it's own set of risks and rewards. People who are uncertain about the nature of Bitcoin may be reluctant to invest in it - however, Bitcoin has seen an increase in median price over the recent years and shows potential for the future. The majority of investments made...

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Website: https://30btc.com