11 Jun '13, 8am

Bitcoin among virtual currencies targeted in US crackdown on tax evasion

Bitcoin among virtual currencies targeted in US crackdown on tax evasion US authorities are examining the use of virtual currencies such as Bitcoin amid fears that Americans are using them to evade taxes. Just weeks after US prosecutors shut down digital currency operator Liberty Reserve for allegedly running one of the biggest money laundering schemes ever uncovered, prosecutors are scrutinising the use of virtual currencies - which can be traded anonymously - to evade tax.

Full article: http://www.telegraph.co.uk/finance/currency/10112300/Bitc...

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