12 Jun '13, 6pm

Bitcoin Weekly 2013 June 12: IRS Eyes Bitcoin Over Tax Evasion, PRISM’s Effect On BTC Prices, Israeli... #bitcoin

Bitcoin Weekly 2013 June 12: IRS Eyes Bitcoin Over Tax Evasion, PRISM’s Effect On BTC Prices, Israeli... #bitcoin

This past week saw a huge explosion of media surrounding domestic spying and the deep puncturing of trust and privacy by US Internet users (and people in general) with the revelations surrounding Verizon and the NSA and then immediately thereafter the leaks involving PRISM. This has driven a lot of thought about what BTC can do for people who want a digital currency—that depends on the Internet—and also may have affected current prices. The IRS has also joined into speaking about Bitcoin—through virtual currencies in general—in that they could be used for tax evasion. No doubt, financial regulation will become the next-big-thing for the Bitcoin community as it not just becomes more popular, but comes to the attention of governments and regulatory agencies. Can we expect a tax fraud crackdown? Finally, Israeli banks seem to be resisting money transfers done to and from acco...

Full article: http://siliconangle.com/blog/2013/06/12/bitcoin-weekly-20...

Tweets

ha ha ! sure sign ★ #Israeli #Banks #Resisting ...

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