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Posts Tagged ‘virtual currencies’

The IRS doesn’t know how to tax Bitcoin

28
Jan
2014

Bitcoin users want to pay their taxes come April, but the Internal Revenue Service (IRS) wont tell them how. The agency needs time to study the issue, it told the National Journal in a statement, before it can give guidance on how taxpayers should treat the virtual currency. The IRS is aware of the potential […]

Category CA TechnologiesTech Written by The Verge 0 Comments

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Indian feds raid Bitcoin exchange as other traders suspend service

28
Dec
2013

On Tuesday, the Reserve Bank of India sent out a stern warning against trade in Bitcoin and other virtual currencies, stating that the currencies were not approved by the central bank and more ominously that the traders of VCs on such platforms are exposed to legal as well as financial risks. It was an ambiguous […]

Category CA TechnologiesTech Written by The Verge 0 Comments

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