by halieg | Apr 8, 2014 | Commentary, Legal/Tech News, Technology
On March 25, 2014, the Internal Revenue Service issued a ruling declaring that it will tax virtual currencies, such as Bitcoin, as property. This ruling could have significant effects on the way that consumers use Bitcoin. The implication of the ruling is that Bitcoin...
by justinac | Feb 5, 2014 | Legal/Tech News, Legislation/Regulations
Since the last post on a proposal for Bitcoin regulation, another 300,000 Bitcoins were mined, [1] the Alibaba Group banned the use of Bitcoin on its e-commerce sites, [2] and the U.S. Department of Justice charged the vice-chairman of the Bitcoin Foundation in a...
by justinac | Dec 17, 2013 | Legal/Tech News, Legislation/Regulations |
Bitcoin, the creation of Satoshi Nakamoto, an anonymous person or group, is commonly touted as the “world’s first decentralized digital currency”. Since its launch in 2009, users around the world have “mined” just over 12 million Bitcoins, leaving about 9 million to...
by cdszczep | Sep 10, 2013 | Legislation/Regulations, Technology
Virtual currencies have the potential to revolutionize how consumers buy, trade, and sell goods and services – and government regulators must be prepared to adapt to maintain their effectiveness. One such currency, the Bitcoin, has been featured prominently in the...
