The U.S. “may not be as far behind...

The U.S. “may not be as far behind the curve on virtual currencies” as previously thought, said Senate Governmental Affairs Committee Chairman Tom Carper, D-Del., in a news release in response to a Law Library of Congress report (http://bit.ly/1eladR1) on digital currencies released Monday. The report surveyed the legal standing of virtual currencies, like Bitcoin, in 40 countries and the EU. “Significantly, this report shows that other countries have addressed how virtual currencies are taxed, and I urge the Internal Revenue [Service] to glean the findings from this survey to help determine its own treatment of virtual currencies,” said Carper.