Identity crisis: What is a Bitcoin?

Bitcoin’s advocates often refer to it as a ‘virtual currency’, but Bitgame Labs’ CFO Andrew Meiers, and the IRS, prefer it be treated as a capital asset for tax purposes.
Identity crisis: What is a Bitcoin?
By Dan Bland
May 26, 2014
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When introducing the unfamiliar to the concept of bitcoin, users of the payment system often refer to bitcoin as a “virtual currency”. But it’s an explanatory term that some regulators, users and Bitcoin companies would prefer was used metaphorically.

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Risk & ComplianceTreasury
andrew meiersbitcoinbitgame labscapital assetcfotax treatmentsvirtual currency
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