The government agency added that this policy could be changed for future tax years.
FinCEN has released two new rulings that offer clarity and guidance to digital currency service providers.
An attorney defending alleged Silk Road mastermind Ross Ulbricht has moved to dismiss certain charges, citing new IRS guidance.
Canadian bitcoin exchange Vault of Satoshi is now a fully licensed Money Services Business in its home country.
David S Cohen revealed the Treasury aims to be better informed in its approach to digital currency regulation.
Vault of Satoshi announced today that it will stop service to US customers, with no timeline for return.
BitPay and Coinbase have responded to new federal guidance for working with US marijuana businesses with varying approaches.
Did the arrest of Charlie Shrem constitute unnecessary harassment by the government?
Government came out in support of FinCEN's guidance yesterday. But don't stop now, they added.
FinCEN stated that virtual currency miners and investors aren't subject to money transmitting laws.
The US Financial Crimes Enforcement Network (FinCEN) says bitcoin mining "for users' own purposes" is not money transmission.
The Financial Crimes Enforcement Network has warned bitcoin-related businesses that they must comply with federal money transmission laws.
Mailing bitcoin private keys on a coin-shaped metal disc could be considered money transmission in the US.
If coin validation is introduced, bitcoin's fungibility will be seriously compromised.
The Present and Future Impact of Virtual Currency hearing will take place today at the US Senate.