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So largely the US is out since the Fed said Bitcoin is not a currency, right? Or the term "virtual" makes it not required to be approved by the Fed? Who is the
by gtirloni 12y ago
So largely the US is out since the Fed said Bitcoin is not a currency, right? Or the term "virtual" makes it not required to be approved by the Fed? Who is the approver then?
- dragonwriter 12y ago"Approved" in the Apple rules probably means by Apple, not by someone else.
- jpmattia 12y ago> So largely the US is out since the Fed said Bitcoin is not a currency, right? I guess I missed that. I remember the IRS said bitcoin would be taxed using non-currency rules, but the specifics of how something is taxed doesn't necessarily impact whether Apple "approves" it as a virtual currency.
- gtirloni 12y agoI wasn't even criticizing Bitcoin and got downvoted already? Aww.. I was talking about this, which amounts to almost the same thing: http://blogs.wsj.com/moneybeat/2014/02/27/yellen-on-bitcoin-fed-doesnt-have-authority-to-regulate-it-in-any-way/ http://blogs.wsj.com/moneybeat/2014/02/27/yellen-on-bitcoin-...
- billyarzt 12y agoPer the IRS Bitcoin is taxable property http://online.wsj.com/articles/lawrence-parks-bitcoins-futile-quest-to-be-a-currency-1401661605 http://online.wsj.com/articles/lawrence-parks-bitcoins-futil...