Former Director of U. S. Mint Addresses Bitcoin IRS Guidance
Edmund C. Moy, who served at the 38th Director of the United States Mint, has publicly shared his thoughts on the bitcoin tax guidance released by the Internal Revenue Service this week. In a blog post from Friday morning, Moy said that "the guidance issued provides much needed clarity but is a big speed bump in the nascent crypto currency's quest to become mainstream," but added that "as bitcoin's use becomes more widely accepted, the government may reconsider." In the tax guidance, the Internal Revenue Service stated that bitcoin should be treated as property, not as currency. Users of....
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Ed Moy, a former U.S. Mint Director, has recommended cryptocurrency like bitcoin as one of three useful ways to diversify your personal portfolio, according to Newsmax’s finance section. As long as the Internet exists, digital currencies such as bitcoin will have value, and they are beyond the reach of government and banks at present. In addition to investing in digital currencies, he recommends hoarding cash and buying metal bullion coins. Moy, who served as the 38th Director of the U.S. Mint from 2006 to 2011, is a member of the advisory board of Virtual Mint, LLC, which creates....
Edmund Moy, the former director of the United States Mint under the Bush administration, first learned about bitcoin in the form of a footnote embedded in a coin demand forecast report. When he became director of the Mint in 2006, Moy commissioned annual reports that detailed the various market forces and characteristics that have an impact on coinage needs in the United States. These includes the role of digital payment systems such as credit cards and emerging means of moving money around the internet. In 2009, the report included a footnote briefly describing Satoshi Nakamoto's original....
Edmund Moy is a former Director of the United States mint and well known economist. Mr. Moy has a background in both small businesses, working in his parents’ restaurant as a youth, and along with being Director of the Mint he served as Special Assistant to President George W. Bush and served on the transition for the new Department of Homeland Security. Mr. Moy also became interested in Bitcoin early in its development and continues to study the new paradigm by diving in himself. He is also scheduled to keynote at the Cryptolina Bitcoin Expo on August 16. Coin Telegraph: How did you first....
Edmund Moyis one of many new faces that is supporting the cryptocurrency movement. It's Mr. Moy's past work, however, that makes his presence among us interesting. From 2006 through 2011, Moy served as the 38th Director of the United States Mint, nominated by President George W. Bush. And on several occasions now, Moy has spoken in the defense of the interests of cryptocurrency and the cryptocurrency community - actions highly applauded by enthusiasts around the world. Curious about his arrival on the crypto-scene, Moy allowed me the opportunity to ask him a few questions related to the....
Edmund C. Moy served as the 38th Director of the U. S. Mint from 2006-2011. In an opinion piece published in Money News, former director of the United States Mint Edmund Moy discussed China's recent "dissing" of bitcoin. Moy is, of course, referring to the Chinese government dropping the ban hammer on third-party payment companies doing business with bitcoin exchanges - which has put a damper on the growth of bitcoin in the communist country. "The Chinese government needed to clamp down on BTC before it gained enough momentum to threaten the government's monopoly on currency," Moy says.....