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Next stop in the cryptocurrency craze: A government-backed coin China's central bank announced in January that it has completed a successful trial run of transacting digital currencies among banks. Then in September, Japan, Sweden and Estonia all announced similar digital currency projects: J-coin for Japan, E-krona for Sweden and Estcoin for Estonia. The roster ...
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US Taxation of Convertible Virtual Currency - It is not a Myth! There is a pervasive myth that virtual currency exists in a regulatory vacuum – but the Internal Revenue Service (the "IRS"), the U.S. Securities and Exchange Commission (the "SEC"), the U.S. Financial Crimes Enforcement Network ("FinCEN"), the Commodity Futures Trading Commission, and multiple ...
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India's Iconic One Rupee Note Turns 100 Today To commemorate 100 years of Rs 1 note, a four-day national philatelic exhibition has been scheduled at the World Trade Center from Thursday. At INPEX- 2017, Mintageworld, an online museum for stamps, coins and currency notes, is commemorating the occasion by gifting a memento to each visitor.
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Glossary for Beginners in the World of Digital Currency A digital wallet is software that is linked to the digital currency network. It enables the user to hold, transfer, and receive digital currencies. Every digital wallet has two "keys"-a public key and a private key. The public key corresponds to the bank account number, i.e. the address to which the money is ...
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