LXBN TV interviewed me about the recently announced IRS rules on Bitcoin and the future of the virtual currency. The interview can be found here:
April 2014
Retain Locally, Comply Globally
We used to talk about the “borderless” environment of the Internet. These days, that view is looking increasingly outmoded and utopian, in large part because of the intersection of law enforcement and privacy concerns. Steady increases in regulation (and enforcement of existing regulation) in these areas is increasingly prompting two types of responses by global…
European Court Invalidates Data Retention Directive, Time to Rethink
Depending on the new Commission’s level of ambition when it takes office in the Autumn, this week’s European Court of Justice preliminary ruling (Cases C-293/12 and C-594/12), which found a 2006 Directive invalid, could prove an opportunity to re-think the EU approach to privacy and protecting personal data.
When we think about the EU and…
Is the New IRS Rule Good or Bad for Bitcoin?
Last week the IRS announced that Bitcoin would be treated as property, rather than currency, for tax purposes. That means the virtual currency will be subject to very real capital gains taxes when used to make purchases. So is this good or bad for Bitcoin? Well, that depends on whether you view the glass on…