18 Jan '14, 7pm

Are bitcoin's chances of acceptance getting better? - PCWorld (blog)

Many countries are still grappling with the issues of crypto-currencies such as Bitcoin, of which there are at least 70 . China’s central bank, for example, has ordered financial institutions to halt Bitcoin-related services and products. With the value of Bitcoin increasing to more than $1000 this month after social gaming firm Zynga said it would begin accepting the virtual currency as payment, the question is: can crypto-currencies can become real currency? From the perspective of the Reserve Bank in New Zealand, crypto-currencies are not currency, or more specifically not legal tender. They are payment systems. A bank representative says the consistent message emerging from central banks and governments around the world is: Digital or crypto-currencies are not legal tender They are taxable assets, as with other financial instruments Entities that provide (or facilitate...

Full article: http://www.pcworld.com/article/2089500/are-bitcoins-chanc...

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Are bitcoin's chances of acceptance getting bet...

pcworld.com 18 Jan '14, 7pm

Many countries are still grappling with the issues of crypto-currencies such as Bitcoin, of which there are at least 70 . ...

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