TIME – 1/22/14: Bitcoin has generated a lot of buzz because of its ingenuous design, but how widespread its use will become has just as much to do with government policy as any of the virtual currency’s inherent qualities. Bitcoin prices, for instance, plunged in December following a decision by the Chinese central bank to ban financial institutions from transacting in the virtual currency. The latest government actions to effect Bitcoin, however, deal with how tax authorities will treat it.
Click here to read more: http://business.time.com/2014/01/22/here-comes-the-bitcoin-taxman

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