BitPay and PayPal
Is paypal just ignoring the IRS' recent guidelines that bitcoin is treated as property?<p>From <a href="http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property-not-currency-in-tax-system-irs-says.html" rel="nofollow">http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property...</a>:<p>Today’s IRS guidance will provide certainty for Bitcoin investors, along with income-tax liability that wasn’t specified before. Purchasing a $2 cup of coffee with Bitcoins bought for $1 would trigger $1 in capital gains for the coffee drinker and $2 of gross income for the coffee shop.<p>“It’s challenging if you have to think about capital gains before you buy a cup of coffee,” he said.