Virtual currencies (VCs) are gaining the attention of regulatory bodies worldwide because they're growing in acceptance by retailers and consumers alike. The U.S. Internal Revenue Service, which subjects VC transactions to income tax liability for gains in value, just like property, is one of those regulatory bodies. But it's at the state, national and supra-national levels where authorities are starting to set out rules. One of those emerging rules, and the responses its generated from VC companies and industry forums, will impact the privacy and data protection of VC users, writes Thomas Shaw, CIPP/E, CIPP/US, in this exclusive for The Privacy Advisor.
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