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IRS Virtual Currency Guidance : Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for Property Transactions Apply

posted Mar 30, 2014, 7:00 AM by Ian Hervey   [ updated Mar 30, 2014, 7:23 AM ]
The decision to TAX of Virtual Currency by the US Government, also-know-as "Cryptocurrency" or "Altcoins" received mix emotions among its users. The IRS guidelines strengthen cryptocurrency's intended use as a medium of exchange. However, mainstream still view cryptocurrency being illegal and difficult to comprehend. HTMLCOIN Community want to change this bad stereotype about altcoin by educating the public about the many benefits of cryptocurrency and its  potential application to offer in everyday life. For HTMLCOIN supporters government regulation means that cryptocurrency is not going anywhere, but it is here to stay for good.

As of the moment, Cryptocurrecy movement is divided into 2 factions, pro-government regulations group and anti-government interference group.

http://www.irs.gov/uac/Newsroom/IRS-Virtual-Currency-Guidance
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Ian Hervey,
Mar 30, 2014, 7:25 AM
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