Ebay adds virtual currencies to us site

eBay has added a virtual currency section to its US site, allowing customers to trade digital currencies.

The move follows a decision from the IRS to classify Bitcoin as property rather than currency. Indeed, the auction company, which owns PayPal, will not accept Bitcoin, Dogecoin or other virtual coinage as a form of payment, but will let users buy and sell currencies.

In the UK, digital currency trading is allowed, but only in the classifieds section, which technically mean deals would take place off-site.

Source: IBTimes