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| Bitcoin not yet proven as credible currency - Japan finance minister "It has not yet been proven to be credible enough to become a currency, so I need to watch for a little while more." He added virtual currencies may be widely used in countries such as China but that they were less common in Japan, where hard currency is still preferred. Bitcoin's prices have risen more ...
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| IRS Floats Tax Rules On Foreign Subsidiary Currency Gains The IRS on Monday proposed rules governing the tax treatment of gains and losses incurred by U.S. companies' overseas subsidiaries on deals conducted in foreign currencies, and clarified whether hedging transactions qualified for a tax exclusion...
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