Bitcoin Questions
IRS, CTFC, TAXATION, Coinbase...???
According to the CTFC BITCOIN is a commodity that is used as currency. That is what this panel of lawyers said. But they are also confused. Here's why:
THERE ARE NO STRAIGHT ANSWERS AND REGULATORY GUIDELINES AS TO WHAT BITCOIN IS AND HOW IT IS TO BE PROPERLY TAXED. IT IS ALL RIGHT NOW SUBJECT TO THE OPINIONS OF GOVERNMENTS, AGENCIES, AND ATTORNEYS WHO ARE ALL TRYING TO FIGURE IT OUT....VERY STRANGE INDEED...
