This is fascinating to me, but I’m a nerd.
Taxation of virtual currencies – particularly within video games – is an emerging revenue stream, one that the IRS is still clearly trying to figure out. Game engines are on the verge of becoming banks… actual banks. Guess what? That’s going to throw a whole new problem into their business model because it exposes them to something that their industry isn’t priced for: Office of the Comptroller of the Currency oversight.
Continue reading In-game Currency Income Tax