With respect to bitcoin, there are two things that need to be reported on a tax return: income or revenue and any capital gains on the sale of those assets.
The IRS’ recent 31 page guidance repor... Read More
“I think the CFTC has a very weak case here and it’s a very creative reinterpretation of what the word commodity means,” he said. “The ruling will be challenged, and judges will apply common s... Read More
Icbit is still relatively small, and the high spreads that appear on the futures exchange as a result are a hump that the site will have to get over if it intends to see greater adoption. If it do... Read More
First Meeting of 2016 to Cover Bitcoin and Blockchain
Simply defining bitcoin as an asset has proved to be a difficult task for many regulatory agencies around the world, as some claim it is a com... Read More
Mazurek also noted that he mainly sees Straits’ Bitcoin integration as a benefit for bitcoin holders at this time. “Hopefully as bitcoins gain more acceptance the general public will see the benef... Read More
District Judge Forms Blockchain Law Study Group in South Korea
A group of judges, lawmakers and industry experts in South Korea are forming a new group aimed to discuss legal issues surrounding blockchain technology.
Called the Blockchain Law Society, the grou
SBI Holdings Again Invests in Crypto Exchange Under Scrutiny
SBI Holdings, the investment arm of Japanese financial giant SBI Group, is making a new round of investment in a cryptocurrency exchange that's under increased scrutiny from the country's financial re
21-Year-Old Trader Prosecuted Over Bitcoin Money Laundering
A 21-year-old bitcoin dealer from California is being prosecuted for allegedly committing numerous counts of illegal money transmission and money laundering.
According to an announcement from the D
Police Arrest Hackers Suspected of Stealing $87 Million in Crypto
Chinese police from multiple cities have arrested three individuals who allegedly stole bitcoins and other cryptocurrencies worth around $87 million.
Chinese news agency Xinhua reported on Saturday