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6 Oct 2011, 4:01 am by Glenn Reynolds
The well-funded conservative group has said it will score as a “key vote” any signatures to a discharge petition to force a House vote on legislation meant to punish China for manipulating its currency to lower the price of its exports to the U.S. [read post]
8 Oct 2017, 7:00 am by Howard Friedman
United States, (ND IL, Sept. 29, 2017), an Illinois federal district court rejected challenges by a Satanist to the use of "In God We Trust" on U.S. currency. [read post]
28 Jan 2021, 12:08 pm by Charles (Chuck) Rubin
Presently, for U.S. persons a foreign account holding virtual currency is not a reportable account for purposes of having to file an FBAR.In a recent announcement FinCEN has advised that it intends to amend the FBAR regulations to include those accounts.In today's environment, this is about as surprising as the sun coming up this morning.FinCEN Notice 2020-2Follow @crubincrubin [read post]
The IRS has held that convertible virtual currency (CVC), such as Bitcoin, is treated as property for U.S. federal income tax purposes. [read post]
2 Mar 2010, 2:04 am by By DEALBOOK
U.S. regulators are closely monitoring banks' exposures to sovereign debt risk, Comptroller of the Currency John Dugan told Reuters on Monday. [read post]
4 Jul 2011, 5:41 pm by Simon Lester
Asked about U.S. leverage in the currency debate with China, Washington's biggest lender, Huntsman said Beijing already recognized the need for a stronger currency. [read post]
12 Oct 2009, 3:27 pm
If OPEC demands payment for oil in something other than U.S. dollars, then people who buy oil (and who doesn’t?) [read post]
18 Apr 2022, 5:31 am by Eileen McDermott
Elsewhere, the American Enterprise Institute looks at privacy concerns prevalent during the adoption of central bank digital currencies, the... [read post]
13 Apr 2015, 3:35 pm by Guest Author
On March 10, 2015, the New Jersey Division of Taxation issued Technical Advisory Memorandum TAM-2015-1, explaining its policy regarding convertible virtual currency.1 The IRS has held that convertible virtual currency (CVC), such as Bitcoin, is treated as property for U.S. federal income tax purposes. [read post]
Securities regulators in the United States have responded first with a series of public warnings and, more recently, by bringing enforcement actions against promoters of ICOs and other digital currency investments. [read post]
19 Nov 2010, 8:05 am by Dr. Elliot J. Feldman
House of Representatives passed a bill attacking China’s management of its currency (not likely to be approved in the Senate) and while U.S. [read post]
29 Jun 2019, 1:58 pm by Kathleen Scott (US)
Guidance The Guidance, “Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies,” is designed to help businesses and individuals with business models understand their obligations under U.S. [read post]
24 Jan 2012, 7:15 am by Andrew Dat
However, the most important characteristics that set BerkShares apart from other local currency is that it appears to be endorsed by the local town’s government body and it also is more valuable than U.S. dollars in the community since $95 will get you 100 Berkshares. [read post]
25 Oct 2009, 5:22 am
Instead, Chinese authorities enforced that target by buying or selling their currency in the foreign exchange market ... [read post]