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How will the IRS ruling of Bitcoin as property rather than a currency, affect the growth, ease of use and adaptation of Bitcoin in the future? On March 25 2014, the Internal Revenue Service (IRS) issued Notice 2014-21, stating the following: “For federal tax purposes,...

A published report by Goldman Sachs on digital currencies proclaims that even though bitcoin cannot be considered a form of currency, the core ledger technology holds potential promise. The extensive report labeled ‘All About Bitcoin’ appears in the wake of the recent infamous...