Quote from: egyproductions on November 26, 2014, 10:45:19 PM

http://www.zdnet.com/senator-tom-coburn-agrees-that-bitcoin-is-not-legal-currency-7000036169/

Apparently this genius claims btc is not a currency because its not produced by the us treasury.
So according to his logic, the british pound and the euro are not legal currencies and no US firm should accept them.

The IRS also said that virtual currency is not to be treated as legal-tender currency to determine if a transaction causes a foreign currency gain or loss under U.S. tax law.

david wilson

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