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S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
Bitcoin
61,422.11
(
1.03%
)
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seth_davis

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seth_davis

Re: None

Sunday, 04/06/2014 4:41:44 PM

Sunday, April 06, 2014 4:41:44 PM

Post# of 38
Huge development for TCHH .0002! IRS has decided to regulate bitcoin as property, not currency. This will put less restrictions on their transactions.
The IRS has ruled that bitcoin is property and therefore will be regulated as so and not as currency! This is a huge development for tchh considering there current case with the IRS. They can now argue that they are not a money transmitting business and do not need a license to sell crypto-currency, like bitcoin, case closed!
http://mobile.nytimes.com/blogs/dealbook/2014/03/25/i-r-s-says-bitcoin-should-be-considered-property-not-currency/

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