IRS (internal revenue service), the US tax authority, published this year (March 25, 2014) a clear guidance (Notice 2014-21) on how the tax principles apply to transactions involving bitcoins and other crypto currencies. It is not a new law but just an interpretation of how the existing law should be applied to the new technology. It describes how Bitcoin and other crypto currencies transactions should be taxed. Read More »
Tag: currency
The first Czech virtual currency starts today!
Another virtual currency will be “borne” today (17 July 2014) at noon. A Czech Crown Coin (the abbreviation used by the authors is “CZC”) as it is called, will be established. The announced amount of coins is 100 million and the currency will be, similarly to other virtual currencies, mined. Read More »
Michaela Merz 