U.S. Taxation of Convertible Virtual Currency – It Is Not a Myth!

There is a pervasive myth that virtual currency exists in a regulatory vacuum – but the Internal Revenue Service (the “IRS”), the U.S. Securities and Exchange Commission (the “SEC”), the U.S. Financial Crimes Enforcement Network (“FinCEN”), the Commodity Futures Trading Commission, and multiple state legislatures and regulators (e.g., blue sky laws, money services business regulations) […]

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Why Bitcoin May Be Superior to Cash for Sellers of Real Property

The Wall Street Journal recently reported that an anonymous Silicon Valley investor who purchased real estate in South Tahoe, Nevada for $1.6 million dollars paid in bitcoin, dwarfing the prior record of $500,000.00 paid for an Indonesia Villa in early 2014 for the largest bitcoin-funded real estate purchase. Although still regarded as something of a […]

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