CCN Week in Review: IRS Treats Bitcoin as Property, BTC Price Drops, Mt. Gox, and More
Another eventful week at CCN. We learned that the United States Internal Revenue Service (IRS) is treating bitcoin as property for tax purposes, that the bitcoin price dropped below $500, that transaction malleability did not bankrupt Mt. Gox, and more. Here are our top stories for the week of 24 March - 30 March in case you missed them. [youtube http://www.youtube.com/watch?v=shkvBF6n1DY?rel=0]. IRS Virtual Currency Guidance. The IRS is treating virtual currencies as property for tax purposes. The United States has finally set some clear rules regarding taxation of bitcoin. According to....
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