New York lawmakers bite hard on Bitcoin: why that’s good for investors

In two days of hearings, New York regulators sought to learn the fundamentals of the Bitcoin system. Experts say regulation would bestow legitimacy on the virtual currency. Early Bitcoin investor Cameron Winklevoss, who testified at the hearings, expressed confidence that regulation of virtual currency is not incompatible with further growth of the crypto currency world. […]

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What if Bitcoin is a currency for tax purposes, the same as, say a euro?

The IRS says it is studying the matter but has yet to issue any guidance. Until it does, it is anyone’s guess how Bitcoin should be taxed. Most users/investors will simply pick what is most beneficial to them when they file their 2013 returns. At the moment, Bitcoin and its cousin currencies have had far […]

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