The Chamber of Digital Commerce Gets Approved by IRS; Announces First Congressional Bitcoin Panel

Digital currency lobby group the Chamber of Digital Commerce receives approval from the Internal Revenue Service as a tax-exempt non-profit organization.
On September 30, the Chamber of Digital Commerce announced it had received recognition from the U. S tax authority the IRS as a tax-exempt non-profit organization under the IRS Code Section 501 (c)(6) that classifies business leagues, chambers of commerce, real estate boards, boards of trade, and professional football leagues, which are not organized for profit, from paying taxes.
In a press release, the Digital Chamber’s President and Founder Perianne Boring said the recognition from the IRS was a big step for the industry as it brought an additional level of credibility to her organization’s efforts in Washington:
‘This recognition adds legitimacy to our efforts to guide policy makers in sensitively and intelligently addressing blockchain technology.’

This post was published at Coin Telegraph on 2014-10-02.