(The Florida Office of Financial Regulation)
"Facts:"
- No insurance guarantee. Funds held by U.S. banks & credit unions are insured, virtual currency is not.
- Unpredictability. The value of virtual currency can rise and fail in a short time.
- Security. Virtual currency in virtual wallets can be hacked.
- Criminal activity consequences. If money laundering or other crimes occur, and an exchange is shut down, consumers may not be able to access their funds.
- Regulation. Oversight of virtual currencies has not been thoroughly developed.
- Tax obligations. The IRS has not provided guidance on the tax implications.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=5&id=305486
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