U.S. States Ask Indian Authorities to Seize Property of BitConnect Promoters

News of cryptocurrency investment fraud has hit the community again, as authorities of two U.S. states, Illinois and Arizona, have asked the Criminal Investigation Department (CID) in India to seize the property of several BitConnect promoters, per reports from the Times of India. BitConnect was an open-source cryptocurrency and an investment program accused of running The post U.S. States Ask Indian Authorities to Seize Property of BitConnect Promoters appeared first on CCN

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Now, Illinois is Looking at Tax Payments in Bitcoin

Illinois has joined a growing number of US states looking to pave the way to allow cryptocurrencies as payment for taxes. House Bill 5335, aka the Revenue Cryptocurrency Bill, is being sponsored by Rep. Michael Zalewski, a Democrat. It’s an amendment to the current Department of Revenue Law of the Civil Administrative Code of Illinois, The post Now, Illinois is Looking at Tax Payments in Bitcoin appeared first on CCN

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