Virtual Currencies Internal Revenue Service

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin Economics

Discussion on the financial and economic impact of Bitcoin as a virtual currency.
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Mad About Bitcoins - Madison Wisconsin

We're about: Freedom · Financial Freedom · Liberty · Money · Virtual Currency · Cryptography · Bitcoin · Digital Currency · Digital Cash · Cryptocurrency · Bitcoin Users · Bitcoin Miners · Bitcoins · Libertarian
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As Requested, I’m Ben Lawsky, Superintendent of the NY Dept of Financial Services, Here for an AMA on Bitcoin/Virtual Currency

Hi Reddit – I’m Ben Lawsky, Superintendent of Financial Services for the State of New York. Thanks to those of you who requested that I do an AMA on the work our agency – the New York State Department of Financial Services (NYDFS) – is doing on oversight rules for virtual currency firms. We'll get started around 12:30pm EST.
PROOF: https://twitter.com/BenLawsky/status/436544922892906496
We’re still in the process of formulating our views on a number of these issues – given that this is an ongoing regulatory process. So I may not be able to provide final or definitive answers to all of the questions you ask. But I’ll do my best to try and provide a window into some of our thinking at this stage. (I may even ask a few questions of my own during the course of the conversation, if that’s okay.) We’re trying to proceed without any prejudgments and solicit a broad range of views on virtual currency. I’m looking forward to a substantive and informative discussion.
As you’ve probably guessed, I’m new to Reddit. So apologies in advance if I violate any posting etiquette. I was also told not to mention something called “Rampart” – whatever that is
For those of you interested in some background on our agency’s work in this area, NYDFS has been conducting an inquiry on the appropriate regulatory guidelines for virtual currency firms for the last seven months. As part of that inquiry, in January 2014, NYDFS held public hearings in New York City on virtual currency. More than 14,000 people from 117 countries tuned into those hearings online, which was not the usual turnout we get!
http://www.dfs.ny.gov/insurance/hearing/vc_01282014_indx.htm
https://twitter.com/BenLawsky/status/428965430842380288
Last week, we also laid out some of our initial thoughts on the path forward for regulators:
http://www.dfs.ny.gov/about/speeches_testimony/sp140212.htm
http://www.youtube.com/watch?v=zhIZd9b2-Qs
Our expectation is that – during the course of 2014 – the information we’ve gathered in our fact-finding effort will allow us to put forward a proposed regulatory framework for virtual currency firms operating in New York. We want to move expeditiously because the sooner we provide some regulatory certainty, the better for the firms that want to know what the rules of the road are. At the same time, we recognize this is complicated stuff and we don’t want to go too fast, make a mistake, and create unintended consequences. Most of all, we want to get detailed feedback from all sides so we can make smart, modern, forward-looking decisions. Thanks to all of you for being here.
UPDATE 2:22 PM EST Sorry I have to run (also -- AMA's are more tiring than I would have expected!). Thanks to all of you for the thoughtful questions and comments. And to those who tipped me Bitcoin, I doubt I'm allowed to accept but appreciate the thought!
I'll try to come back and answer some additional questions later. I can't tell you how useful this is to our regulatory process. With that in mind, I'd like to pose a few questions to you if you'd like to answer them while I'm away from the computer:
(1) What do you personally find as the most useful and/or important current application for virtual currency? (2) Where do you think virtual currency tech is headed in the medium term and long term. (3) Are there particular problems from a consumer perspective you've had in dealing with virtual currency firms that regulators should consider?
EVENING UPDATE I circled back and answered a few more of your questions, but I have to head out for the evening. Thanks again for your thoughtful questions and feedback.
EVENING UPDATE x2 I also recorded a short sign-off video to thank everyone here for their questions and comments http://www.youtube.com/watch?v=qRXVPq16n_c
submitted by BenLawsky to IAmA [link] [comments]

Bitcoin virtual currency breaks $1,000 mark

submitted by emman1993 to worldnews [link] [comments]

Confirmed: Apple allowing Bitcoin (virtual currency) apps. Section 11.17

Confirmed: Apple allowing Bitcoin (virtual currency) apps. Section 11.17 submitted by bubbasparse to Bitcoin [link] [comments]

eBay to accept Bitcoin?: "Virtual currency. it's happening on eBay"

eBay to accept Bitcoin?: submitted by Zoranth to GetCryptocurrency [link] [comments]

A party that hangs a skull-and-crossbones flag at its HQ, and promises to clean up corruption, grant asylum to Edward Snowden and accept the bitcoin virtual currency, could be on course to form the next Icelandic government.

A party that hangs a skull-and-crossbones flag at its HQ, and promises to clean up corruption, grant asylum to Edward Snowden and accept the bitcoin virtual currency, could be on course to form the next Icelandic government. submitted by quadrilliondollars to Bitcoin [link] [comments]

Bitcoins: Virtual currencies pose financial risk, says RBI Deputy Governor

Bitcoins: Virtual currencies pose financial risk, says RBI Deputy Governor submitted by simplysimplipal to india [link] [comments]

A party that hangs a skull-and-crossbones flag at its HQ, and promises to clean up corruption, grant asylum to Edward Snowden and accept the bitcoin virtual currency, could be on course to form the next Icelandic government.

A party that hangs a skull-and-crossbones flag at its HQ, and promises to clean up corruption, grant asylum to Edward Snowden and accept the bitcoin virtual currency, could be on course to form the next Icelandic government. submitted by johnnybgoode17 to Anarcho_Capitalism [link] [comments]

Bitcoin virtual currency reaches all-time high price

Bitcoin virtual currency reaches all-time high price submitted by error9900 to Bitcoin [link] [comments]

The total number of Blockchain wallet users worldwide, from the first quarter of 2015 to second quarter of 2018, has been growing since the creation of the Bitcoin virtual currency in 2009, reaching over 25 million users.

The total number of Blockchain wallet users worldwide, from the first quarter of 2015 to second quarter of 2018, has been growing since the creation of the Bitcoin virtual currency in 2009, reaching over 25 million users. submitted by Talpresale to PresaleVentures [link] [comments]

3 Pre-Bitcoin Virtual Currencies That Bit the Dust

3 Pre-Bitcoin Virtual Currencies That Bit the Dust submitted by vanbexmarketing to Bitcoin [link] [comments]

European Banking Authority takes hard line on regulation of Bitcoin/virtual currencies

European Banking Authority takes hard line on regulation of Bitcoin/virtual currencies submitted by slvbtc to Bitcoin [link] [comments]

Bitcoin virtual currency reaches all-time high price - The value of virtual currency Bitcoin has reached an all-time high, trading at more than $33 (£22).

Bitcoin virtual currency reaches all-time high price - The value of virtual currency Bitcoin has reached an all-time high, trading at more than $33 (£22). submitted by squatly to technology [link] [comments]

SoftTouch POS Integrates Bitcoin Virtual Currency Payment Processing

SoftTouch POS Integrates Bitcoin Virtual Currency Payment Processing submitted by BalconySitter to Bitcoin [link] [comments]

SoftTouch POS Integrates Bitcoin Virtual Currency Payment Processing - Press Release

SoftTouch POS Integrates Bitcoin Virtual Currency Payment Processing - Press Release submitted by kerzane to Bitcoin [link] [comments]

Bitcoin virtual currency being touted as a good long-term investment, as its value doubles

Bitcoin virtual currency being touted as a good long-term investment, as its value doubles submitted by softlaunch to Bitcoin [link] [comments]

Bitcoin, Virtual Currency Deals Under $600 Could Become Tax Exempt

submitted by EmDeeEm to tax [link] [comments]

Ellen talks Bitcoin, Virtual Currency Girls Tribute and Atari starts a cryptocurrency!

Ellen talks Bitcoin, Virtual Currency Girls Tribute and Atari starts a cryptocurrency! submitted by CryptoNationNews to Crypto_Currency_News [link] [comments]

Bitcoin virtual currency can now be used to pay for pizza

Bitcoin virtual currency can now be used to pay for pizza submitted by Graefaxe to Bitcoin [link] [comments]

Ellen talks Bitcoin, Virtual Currency Girls Tribute and Atari starts a cryptocurrency!

Ellen talks Bitcoin, Virtual Currency Girls Tribute and Atari starts a cryptocurrency! submitted by CryptoNationNews to CryptoNews [link] [comments]

Alberta man to sell home for Bitcoin virtual currency

Alberta man to sell home for Bitcoin virtual currency submitted by TyrosineS to canada [link] [comments]

Bitcoin/Virtual Currency Complaints Skyrocket

Bitcoin/Virtual Currency Complaints Skyrocket submitted by armydub to Bitcoin [link] [comments]

Canadian man to sell house for Bitcoin virtual currency

Canadian man to sell house for Bitcoin virtual currency submitted by Manilagirl to canada [link] [comments]

IRS is Coming For Bitcoin & Virtual Currency (How is it ... Bitcoin: The Future of the Virtual Currency, Cyberattacks and Security (2014) Bitcoin: A Virtual Currency (Infigr.com) Bitcoin Virtual Currency - YouTube Bitcoin Virtual Currency Spinning and Rotating

Virtual currency, also known as virtual money, is a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community.The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury, defined virtual currency in its guidance published in 2013. What’s The Difference Between Digital Currency, Virtual Currency, And Cryptocurrency? Cryptocurrency and blockchain terminologies can often be confusing for newbie investors or budding industry enthusiasts. This is even more so as institutional investors like JP Morgan get into the space. Last week, the Fortune 100 company launched its own coin. Robert A. Schwinger As Bitcoin and other virtual currencies, cryptocurrencies and digital assets become more commonly used in ordinary commercial transactions, it is perhaps inevitable that ... Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments. It follows the ideas set out in a whitepaper by the mysterious Satoshi ... Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as “convertible” virtual currency. Bitcoin is one example of a convertible virtual currency.

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IRS is Coming For Bitcoin & Virtual Currency (How is it ...

In 2009, Satoshi Nakomoto (possibly a real person, possibly a pseudonym for one or more hackers) invented Bitcoin, the first peer-to-peer currency. Bitcoin, which works along the same lines as the ... Avoiding taxable income from virtual currency can bring some serious consequences. If someone is paying you in Bitcoin you have to include it as a taxable ev... Bitcoin is the first major venture of its type, but it is not the only currency of its type. Litecoin is already posing a serious challenge. Other competitors will certainly follow. Download these videos here: https://mograph.video/30oNpdA This is two 1080p Motion Graphic videos of a 3D virtual Bitcoin currency rotating around in a complete 360º radius in a seamless loop. Bitcoin is virtual currency also known as crypto-currency. It was invented in 2009 by Satoshi Nakamoto. They can be transferred from person to person with no banking, governmental or geographical ...

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