Category Archives: Cryptocurrencies

Do You Need a License to Sell Bitcoins?

Posted on May 15, 2017 by Russ

Let’s say I own some Bitcoins. I want to sell them to a friend. Do I need a license to do that? This question came up after I was informed that a Missouri man pleaded guilty to operating an illegal … Continue reading →

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IRS: Bitcoins Are Property

Posted on March 25, 2014 by Russ

The IRS finally released guidance on Bitcoins and other virtual currency today. The IRS’s notice states that Bitcoins should be treated as property. What does this mean? 1. Bitcoins held as investments are generally treated under capital gain rules. If … Continue reading →

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