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The election of the Democratic Party’s candidate Hillary Clinton could potentially pressurise the US federal government’s Internal Revenue Service to audit journalists and freeze their assets.
Adding to the already impressive list of big name proponents of Bitcoin' technology, tech gi-ant Hewlett-Packard (HP) in partnership with Quartz has published an article on the disrup-tive potential of the blockchain.
A bill placed before the North Carolina Senate could see the Old North State implement mandatory licensing for companies operating with digital currency.
US Securities and Exchange Commission (SEC), the Internal Revenue Service, FinCEN, Department of Homeland Security, and other government agencies have officially launched multiple investigations into Cryptsy
American journalist and podcaster David Seaman posted a scathing critique of the IRS’s newly announced stance on Bitcoin earlier this week. The IRS has said it will be taxing Bitcoins, and any other digital currencies, as property.
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Digital currency lobby group the Chamber of Digital Commerce receives approval from the Internal Revenue Service as a tax-exempt non-profit organization.
The question of how Bitcoin and cryptocurrencies in general fit into the American legal system at the federal and state levels is a great one.
A North Carolina convenience store owner whose entire savings were mistakenly seized by the US Internal Revenue Service in July 2014 has finally won the right for the US$107,000 to be repaid to him.
The law, known as “civil asset forfeiture” was structured to not only track deposits made by suspected criminals but to seize them as well. But anyone who knows how bureaucracies operate knows that laws such as this often result in a slippery slope, sweeping up the innocent along with the guilty more often than not. Th...
Interview with LibraTax CEO, Jake Benson
One of the most talked about issues with respect to Bitcoin and other cryptocurrencies is exactly how they are to be legally defined. The Internal Revenue Service has ruled that, for tax purposes, Bitcoin is not to be considered “money”.
The Detroit News argued IRS's stance, suggesting that Bitcoin be classified as a foreign currency.
Need to catch up on what’s been going on in cryptocurrencies? From clumsy authoritarianism to Bitcoin user research, here are the top five stories that made news this week.
The BitInstant CEO Charlie Shrem together with Robert M. Faiella were arrested and the current accusations of breaking several federal laws include money laundering, turnover of narcotics and support of criminal activities.
The United States’ tax agency, the Internal Revenue Service, clarified its position on cryptocurrencies Tuesday in a statement. The full text is below.
Some respite from the IRS following its controversial guidance on digital currencies: for this tax season, at least, holdings need not be declared on US FBAR forms.
In annual report for 2013, presented to Congress she states that to this moment IRS was not able to anyhow clear the rules regarding Bitcoin with its lightning fast spread across the international market.
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