- The Internal Revenue Service has opined that digital currencies such as bitcoin are taxed as “property.”
- Since 2014 we’ve seen a serious and significant shift among government officials and within the bitcoin/blockchain community.
- Current CFTC Commissioner Chris Giancarlo recently (and rightly) called for such protection for digital currency.
- With an available supply of more than 15.5 million bitcoins, the digital currency now has a market capitalization of nearly US$7 billion, according an estimate by market-data site CoinCap.
- The Securities and Exchange Commission and Commodity Futures Trading Commission have approved certain bitcoin/blockchain-related activities under their jurisdictions.
Read the full article, click here.
@BTCtradePt: “We did it with the internet and we need to do it now with virtual currencies like #bitcoin Obama needs 2make a move”
Europe is way ahead of the US when it comes to bitcoin, says former CFTC Commissioner Bart Chilton. Obama needs to step up.
Obama needs to make a move on bitcoin now—Bart Chilton—commentary