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In a precedent-setting victory for the United States tax authorities, a California federal court has ruled in favor of the IRS serving Coinbase Inc. with a “John Doe” summons.
Using Coinbase may be convenient, but there is a price to pay for centralizing your information. The price is surveillance.
Owner of Bitcoin.com Roger Ver on the US government’s renewed commitment to tax Bitcoin transactions.
The US Treasury Inspector General for Tax Administration requested the IRS to provide guidance for tax treatments of digital currencies.
Perry Woodin, CEO of Dash masternode provider Node40,on how tax evasion issues could affect any exchange operating in the US, following IRS taking on Coinbase.
The IRS may introduce changes to virtual currencies use and taxation as we know it.
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.
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.
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.
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.
The Detroit News argued IRS's stance, suggesting that Bitcoin be classified as a foreign currency.
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...
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”.
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.
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.
Interview with LibraTax CEO, Jake Benson
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