They can only regulate as far as we allow them to...
but I do think if the IRS makes it official and governments accept BTC this would be a bullish sign for mass adoption.
and we all know what that means...
but I do think if the IRS makes it official and governments accept BTC this would be a bullish sign for mass adoption.
and we all know what that means...
They have to accept it.
End-of-year business accounts around the world, are being presented to their respective tax offices, with a declaration of this strange new thing called Bitcoin.
They need to get with the program, if they are to tax their citizens effectively. If the declarations are sizable, we will start to see some precedents with regards to tax, soon.