Wednesday, July 30, 2014
As I have previously discussed, there are many digital currencies on the market, and the IRS issued a notice in March on how they will be taxed. A new digital currency may be hitting the market soon. There is currently a plan to develop the Peso Digital of Mexico. The Peso Digital would modeled off of bitcoin. The Chief Executive of Peso Digital, Luis Daniel Beltrán, believes that is more countries create their own bitcoin like digital currency it will create a transparent system that is more trusted.
See Victoria Wagner Ross, Will the Peso Become a Digital Currency?, Examiner, July 27, 2014.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.