Sentences with phrase «virtual currency denominations»

Wages paid in virtual currency denominations are taxable to the employee.

If you have made or accepted a loan issued in virtual currency denominations, you need to know how this impacts your tax liability.

Not exact matches

SB 59 amends the statute to include virtual currency owned by the licensee as a permissible investment to the «extent of outstanding transmission obligations received by the licensee in identical denomination of virtual currency.»

For example, to avoid money laundering, businesses must have the name and physical address of BOTH parties in the transaction: [blockquote person =» New York Department of Financial Services» attribution =» New York Department of Financial Services»] As part of its anti-money laundering compliance program, each firm shall maintain the following information for all transactions involving the payment, receipt, exchange or conversion, purchase, sale, transfer, or transmission of Virtual Currency: (1) the identity and physical addresses of the parties involved; (2) the amount or value of the transaction, including in what denomination purchased, sold, or transferred, and the method of payment; (3) the date the transaction was initiated and completed, and (4) a description of the transaction.

The site said; «The supervisory authority has decided to close virtual currency exchanges in China, which involves all virtual currencies and denominations kept by «OKcoin,» «Bitcoin China,» and others.