Titcoin: Difference between revisions
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| issuance = Custom decentralized peer-to-peer network | | issuance = Custom decentralized peer-to-peer network | ||
| date of introduction = June 21, 2014 | | date of introduction = June 21, 2014 | ||
| diffusion = [[Sex | | diffusion = [[Sex industry|Sex industry]] | ||
}} | }} | ||
'''Titcoin''' is an electronic payment system and cryptocurrency designed for the [[sex industry]]. | '''Titcoin''' is an electronic payment system and cryptocurrency designed for the [[sex industry]]. | ||
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== Regulations == | == Regulations == | ||
=== United States of America === | === United States of America === | ||
On November 19, 2013 the Department of the Treasury released a statement which defines virtual currencies as values that substitutes for currency. On April 14, 2014 the Internal Revenue Service released the | On November 19, 2013 the Department of the Treasury released a statement which defines virtual currencies as values that substitutes for currency.<ref>[https://www.fincen.gov/news/testimony/statement-jennifer-shasky-calvery-director-financial-crimes-enforcement-network Text of the Statement of Jennifer Shasky Calvery, Director, Financial Crimes Enforcement Network, United States Department of the Treasury] www.fincen.gov. U.S. Department of Treasury, November 19, 2013.</ref> On April 14, 2014 the Internal Revenue Service released the "IRS Virtual Currency Guidance" which defines virtual currencies received for performing services as self-employment income for federal tax purposes.<ref> [https://www.irs.gov/irb/2014-16_IRB/ar12.html Text of the "IRS Virtual Currency Guidance" (IRS Notice 2014–21)] www.irs.gov. Internal Revenue Service, April 14, 2014.</ref> | ||
On April | On April 25 2017 the [[Nevada]] State Senate unanimously approved a bill which recognizes the Blockchain database as an electronic transactions record and prevents local governments from charging taxes and imposing licenses on its use.<ref>[https://www.leg.state.nv.us/App/NELIS/REL/79th2017/Bill/5463/Overview Nevada Electonic Legislative Information System]</ref> | ||
== Press coverage == | |||
=== Sex industry media === | |||
* Bob Johnson [http://www.xbiz.com/news/180960 'Titcoin' Aiming to Be Adult's Own Cryptocurrency] www.xbiz.com. Adnet Media, Jun 23, 2014. | |||
* AVN [https://avn.com/business/press-release/technology/patrick-the-coyote-of-wall-street-mcdonnell-joins-titcoin-575066.html Patrick 'The Coyote of Wall Street' McDonnell Joins Titcoin] avn.com. [[AVN Media Network]], September 29, 2014. | |||
* Violet Blue. [http://www.playboy.com/articles/titcoin-bitcoin-for-adult-industries "Why Is Wall Street Taking 'Titcoin' Seriously?"] www.playboy.com. [[Playboy]], October 24 2014. | |||
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== References== | |||
{{reflist|}} | |||
== External links == | == External links == | ||