Tax Policy, Not Technology, Is Blocking Bitcoin Payments, Advocates Say
Using Bitcoin to buy groceries or pay a bill sounds simple. Under current US tax law, it is anything but. Every transaction — no matter how small — triggers a taxable event that must be reported to the IRS, forcing users to calculate capital gains on purchases as minor as a cup of coffee. That […]
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On Friday, Grant McCarty, the director of policy and public affairs at Bitcoin Magazine, announced the launch of three political efforts aimed at bolstering bitcoin public policy at the Bitcoin 22 conference in Miami. McCarty revealed the Bitcoin Advocacy Project (BAP), the Bitcoin Policy Institute (BPI) and an independent expenditure-only political committee called the Financial Freedom PAC.
3 Newly Launched Political Efforts Aim to ‘Bring About an Orange Wave Across Washington’
A new bitcoin-themed Super PAC has been launched to help “elect bitcoin....
The company behind the development of the popular automated market maker (AMM), Uniswap Labs updated its policy regarding blocking wallets from accessing the decentralized application (dApp). Per an official post, Uniswap’s front end will be blocked to users associated with criminal activities. Related Reading | Russia To Legalize Crypto Payments, But Proposal Causes Internal Concerns The […]
Overall, the Bitcoin community seems happy about this development, even though it is not exactly news. An exciting development has taken place in the world of Bitcoin and cryptocurrency. ViaBTC and Roger Ver have seemingly indicated they are not interested in blocking SegWit. This news came as quite a surprise, as the majority of Bitcoiners seemed to think otherwise. This does not mean SegWit will suddenly get activated on the network overnight either, though. To put this “news” into perspective, neither ViaBTC nor Roger Ver has any interest in blocking SegWit. In fact, they made that....
At the height of the last so-called Bitcoin “bubble” banks began feeling the crunch of coming competition and began blocking transactions related to “virtual currencies.” But as we’ve seen as of late, banks are finally coming around along with the rest of the finance world. However, not all banks are hopping on the bandwagon, and others are back to their old bag of tricks, blocking investors from not just investing in crypto itself, but companies […]
Over the past day or so, an ongoing arms race between the popular Bitcoin forum Bitcointalk and EasyList, by far the most popular filter list for the ad blocking extension Adblock Plus, appears to have reached a climax. In the recent past, Bitcointalk ads have generally slipped through ad blocking filters because they were relatively unobtrusive, appearing as small blobs of text in between the first post and the rest of a forum thread. On May 20, however, a Bitcointalk member posted that Adblock Plus was now blocking the ads. Within three hours, Bitcointalk operator Theymos posted the....