In a recently released memorandum, the IRS discussed the taxation of convertible virtual currency received in a crowdsourcing market. The issue presented in the chief counsel advice memorandum was “Is ...

Use left and right arrow keys to seek audio. European regulators have set their consumer-protecting eye of Sauron upon predatory gaming practices, with the focus on in-game currencies and how they can ...

While tax, appraisal, and legal considerations are all important for making effective and compliant contributions of Bitcoin (and other cryptocurrencies), the practical question remains – how does a ...

Learn what you need to know before you invest in a virtual currency Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and ...

As digital technology continues to evolve, the financial industry is undergoing a transformative shift with the rise of virtual currency. With its ability to streamline transactions, reduce costs, and ...

Amazon is excited about its virtual currency coming in May. But CNET News' Stephen Shankland is concerned about sacrificing the flexibility of real-world money and other potential pitfalls. Stephen ...

In August 2020, Louisiana adopted the Virtual Currency Businesses Act (VCBA) to regulate virtual currency activity in the state. In doing so, it joined New York as only the second US state to ...

On October 15, 2021, the US Department of the Treasury’s Office of Foreign Assets Control ("OFAC") issued a brochure to promote sanctions compliance in the virtual currency industry (the "Guidance") 1 ...

State law regulates the licensing and activities of VCBs. Although regulation by each state varies, agencies are working to make the licensing requirements across states more uniform. This article ...