Personal Finance Advice and Commentary

Tuesday, March 25, 2014 5:24 pm
By Allison Ross ·

Bitcoin is going to be treated like property, not currency, for tax purposes, according to the IRS.

Tuesday, January 28, 2014 4:17 pm
By Kay Bell ·

The IRS is still pondering how to tax Bitcoin. It better decide soon.

Friday, November 22, 2013 11:57 am
By David McMillin ·

More consumers are using virtual currency, which could spell trouble for the banking industry.

Friday, February 24, 2012 5:43 pm
By David McMillin ·

As account holders deposit dollars into the nation’s banks, a little social media website appears to be using a different currency. Okay, so it’s not exactly little — it’s Facebook. You know, the site with hundreds of millions of users, massive buzz about its upcoming IPO and now, an official request with the SEC to

Friday, August 19, 2011 10:30 am
By Marcie Geffner ·

Should the federal government regulate virtual currencies as if they were home loans, bank accounts or other consumer financial products? That question popped up this week in a comment letter the American Bankers Association, or ABA, submitted to the Consumer Financial Protection Bureau, or CFPB. The letter expressed the Washington, D.C.-based trade association’s views about the