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| Bitcoin Falls Below $10000 as Virtual Currency Bubble Deflates SAN FRANCISCO — The air has been swiftly leaking out of the virtual currency bubble. A decline in virtual currency prices that began before Christmas has picked up pace in recent days as concern has grown that governments could crack down on the new industry. The price of Bitcoin dipped below ...
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| 'Wild west' days are over for cryptocurrencies, as IRS steps up enforcement A lack of information from the government leaves many cryptocurrency investors in the dark on tax matters. The American Institute of Certified Public Accountants has written to the IRS, asking the agency to "release additional, much needed, guidance on virtual currency." The Treasury Department's ...
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| Bitcoin Isn't the Future of Money Granted, governments could issue their own bitcoin-like digital currency, make it legal tender, and stand behind its value. The question is, why would they want to? The anonymity that physical cash provides is a drawback, from the government's point of view, because it cloaks tax evasion and crime.
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| Blockchain investor has faith in Bitcoin currency One Bitcoin is now valued at Sh1.2 million ($11,600) from Sh770,000 ($7,476) in mid-November 2017 with earlier Bitcoin investors reaping over 1,000% return on investment. The Central Bank of Kenya (CBK) has repeatedly warned on the use of cryptocurrencies as an asset class or a currency, though ...
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| CXI Introduces Online Currency Reservation to Five Locations Now you can say yes to reserving your currency online.
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