Sentences with phrase «as virtual currencies gain»

Not exact matches

The price of bitcoin surged through $ 10,000 on Wednesday, adding to its ten-fold jump in value this year and fueling a debate as to whether the virtual currency is gaining mainstream acceptance or is merely a bubble waiting to burst.

As digital currencies continue to gain traction in the real world, seemingly everyone wants to be a part of this virtual movement.

With virtual currency gaining traction among investors, Finance Minister Arun Jaitley today said India does not recognise cryptocurrency as legal tender.

In today's e-commerce world, more and more Internet retailers are installing bitcoin capabilities to tap into that growing virtual currency market as well as to gain more publicity by doing so.

With the recent injection of funds from Li Ka - shing, the Atlanta - based startup may yet establish themselves as an entity akin to PayPal, if virtual currencies gain widespread acceptance in the coming years.

As a reminder, the IRS issued an announcement last month that reiterated what it said back in 2014, namely, that cryptocurrency is considered property and that any sort of sale of virtual currency should be logged as a capital gain or losAs a reminder, the IRS issued an announcement last month that reiterated what it said back in 2014, namely, that cryptocurrency is considered property and that any sort of sale of virtual currency should be logged as a capital gain or losas a capital gain or loss.

Describing as the «first new asset class in hundreds of years,» Keiser's bullish investment stance on the virtual currency has gained serious weight as CME prepares to launch futures trading this month.

Congress should treat virtual currency as an alternative to government - issued currency, giving consumers choice, and expressly exempt convertible virtual currency transactions from investment and capital gains treatment and associated reporting requirements.

Among other things, this means that virtual currency is not treated as currency that could generate foreign currency gain or loss.

With virtual currency gaining traction among investors, Finance Minister Arun Jaitley today said India does not recognise cryptocurrency as legal tender.

In 2014, the Internal Revenue Service (IRS) issued guidance to taxpayers, making it clear that virtual currency will be treated as a capital asset and that capital gains rules will apply to any gains or losses.

Today, however, we have gained a much clearer picture of what regulation for Bitcoin will look like, as FINCEN just released a paper clarifying their position on virtual currencies, touching on the concept of «decentralized digital currency» in detail with Bitcoin clearly in mind.

Reporting your virtual currency income under the capital gains rules is hard enough as it is.

As Bitcoin and other virtual currencies gain in popularity, the demand for being able to use them for real estate grows.

Q - 2: Is virtual currency treated as currency for purposes of determining whether a transaction results in foreign currency gain or loss under U.S. federal tax laws?

Describing as the «first new asset class in hundreds of years,» Keiser's bullish investment stance on the virtual currency has gained serious

Bitcoin price gained almost $ 2000 in 12 hours into Tuesday as the virtual currency's correction gives way to gains and investors reaffirm their faith.

Bitcoin price gained almost $ 2000 in 12 hours into Tuesday as the virtual currency's correction gives way to gains and investors reaffirm their...

The court further explained that cases wherein virtual currencies are gained as criminal profit, any confiscation should only be considered by calculating the corresponding amount of the criminal proceeds, rather than confiscating the virtual currency altogether.

In the announcement ADGM acknowledges the global demand for digital currencies, stating that «virtual currencies, although not legal tender, are gaining interests globally as a medium of exchange for goods and services.»

Japanese Internet leader GMO Group has announced today that it has launched a new cryptocurrency mining business through its European legal entity, as it aims to gain a better understanding of the virtual currency.

The Abu Dhabi Global Market acknowledges the global demand for digital currencies, stating that: «virtual currencies, although not legal tender, are gaining interests globally as a medium of exchange for goods and services.»