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22 Apr 2021, 7:16 am
In short, the Texas Virtual Currency Bill provides a basic legal framework for companies dealing with virtual currencies. [read post]
6 Oct 2020, 12:28 pm
Would a determination be done for Germany alone, when its currency is the euro? [read post]
20 Nov 2020, 11:58 am
When a retailer accepts digital currency as a form of payment in a transaction subject to sales tax, the seller must convert the digital currency into US dollars prior to remittance. [read post]
18 Aug 2016, 9:52 am
Digital currency users often directly transmit digital currency value to others without any intermediary, meaning those users would have been subject to the regulations even though they are merely using a digital currency. [read post]
17 Mar 2020, 7:57 am
Paul Gosar (R-AZ) introduced H.R. 6154, the Crypto-Currency Act of 2020. [read post]
17 Mar 2015, 1:43 pm
The Department of Business Oversight is the state agency that regulates a variety of financial services, products, and professionals, including money transmitters.To read more, please see Elsa Broeker's article on Digital Currency Council. [read post]
8 Apr 2024, 9:00 am
The State of California does not have specific laws addressing automated digital currency trading platforms at this point. [read post]
19 Mar 2015, 4:27 am
UK Chancellor, George Osborne, announced yesterday, a £10 million boost from government for digital currency such as Bitcoin. [read post]
10 Oct 2017, 9:00 am
It should also be clear who is to inherit the crypto currency holdings. [read post]
24 Mar 2024, 7:10 pm
Have you ever wondered how much U.S. currency is in circulation? [read post]
5 Jun 2009, 4:15 am
At least US firms negate currency fluctuations. [read post]
30 Jul 2014, 6:00 am
A new digital currency may be hitting the market soon. [read post]
9 Oct 2014, 12:00 pm
In the Notice, the IRS announced it would treat such currencies... [read post]
7 Feb 2022, 4:02 pm
Central Bank Digital Currencies: Policy Issues, Updated February 7, 2022: “The recent proliferation of private digital currencies or cryptocurrencies, such as Bitcoin, has led to questions of whether the Federal Reserve (Fed) should create a central bank digital currency (CBDC)—a digital dollar that would share some of the features of these private digital currencies. [read post]
2 May 2022, 6:48 am
Digital currencies are a form of digital money or monetary value. [read post]
12 Jun 2020, 7:46 am
It is not illegal to transport currency; however, currency over $10,000 must be reported. [read post]
25 Mar 2014, 6:45 pm
Virtual currency is NOT treated as currency for purposes of determining whether a transaction results in foreign currency gain or loss under U.S. federal tax laws.For purposes of computing gross income, a taxpayer who receives virtual currency as payment for goods or services must include the fair market value of virtual currency received as measured in U.S. dollars, as of the date that the virtual currency was received. [read post]
28 Jan 2010, 9:03 am
Similarly, by holding currency and trading it over time without hedging, it may be possible to make more from the transaction than its initial value, which can be compounded if you're accruing interest on the held currency. [read post]
28 Sep 2015, 10:36 am
In a ruling of particular importance to the digital currency community, the US Commodity Futures Trading Commission (CFTC) for the first time has definitively ruled that Bitcoin and other digital currencies (also known as virtual currencies or cryptocurrencies) are commodities subject to the CFTC’s jurisdiction. [read post]
29 Jun 2009, 11:28 am
News reports have come out that China has both defined 'virtual currency' and barred the use of that currency for purchase of real world goods. [read post]
