Bitcoin: The $200 Million Currency, Once Again ...
On January 24th, Bitcoin broke through $19.00, a price not paid for a Bitcoin since July of 2011. Over 24 hours, 160,000 B...
executive director, said, since the foundation is trying to pay for everything in bitcoin, including salaries, "How do we W-2 someone for their bitcoins? Do we mark-to-market every time a transfer happens? Payroll companies cringe."[77] The Bitcoin Foundation hopes "to push for solid guidance about its legal and tax treatment." Patrick Murck , legal counsel for the Bitcoin Foundation, said he would like "to help regulators understand the technology better so they can make better decisions."[77] Murck said, "Bitcoin has the potential to become much more than a niche currency, but it needs the guidance and understanding of regulators." and "The full potential of bitcoin could be realized through clearer guidelines and a better understanding by financial and tax regulators." and "Part of making that happen is to talk to regulators, the IRS , and tax professionals and helping ...
Full article: http://zh.wikipedia.org/wiki/Bitcoin
@billchan86
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26 Jan '13, 10am
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26 Jan '13, 9am
On January 24th, Bitcoin broke through $19.00, a price not paid for a Bitcoin since July of 2011. Over 24 hours, 160,000 B...