The former head of defunct bitcoin exchange Mt Gox, Mark Karpelès, has been charged with embezzlement by Japanese prosecutors, according to reports from the Japanese media. Karpelès is alleged to have embezzled ¥321m (£1.7m) from the bitcoin exchange, which collapsed in 2014 after revelations of a massive shortfall in customer funds. He is alleged to […]

IT HAS BEEN SUGEGTED* THAT Taxpayers may soon have to report bitcoin and other virtual currency accounts held in foreign exchanges to the IRS as the agency’s focus on foreign assets sharpens. FURTHER there is a strong possibility that bitcoin accounts could fall within the scope of assets individual taxpayers must reveal to the Internal […]