In more extreme situations, taxpayers could be subject to criminal prosecution for failing to properly report the income tax consequences of virtual currency transactions. (cryptoninjas.net)
For instance, if there is no anonymity in virtual currency transactions, the chances of money laundering, terror financing and volatility reduce. (gfmag.com)
As virtual currency transactions using cryptocurrency software rise, rules that seek to regulate virtual currency businesses geographically may be difficult to interpret and enforce. (ethnews.com)