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12 CFR 240.5 - Application and closing out of offsetting long
(a) Application of purchases and sales. Any banking institution that. (1) Engages in a retail forex transaction involving the purchase of any currency for
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Authorization for Foreign Currency Operations
The Committee authorizes the Selected. Bank to hold foreign currencies for the System. Open Market Account in accounts maintained at foreign central banks, the
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Frequently asked questions on virtual currency transactions
Virtual currency is treated as property and general tax principles applicable to property transactions apply to transactions using virtual currency.
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