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US Gov Wants to Tax Gains from Bitcoin

US Gov Wants to Tax Gains from Bitcoin

April 3, 2014 19:20:42

Bitcoin regulation is starting to pick up steam; the US government now wants to tax gains from trading in the currency. The Internal Revenue Service (IRS) has declared Bitcoin to be a “property” rather than a “currency,” therefore capital gains should be reported to the authorities. While there is yet no tax regime for the […]