Cryptocurrency Blog

A discussion of cryptocurrency as a world-changing technology and how the country that effectively builds a regulatory framework for digital assets and blockchain will have an advantage as we move forward.

An examination of the new regulations from the inter-governmental Financial Action Task Force (FATF) that have been imposed upon crypto exchanges globally as part of an effort to make digital transactions over blockchain more transparent and designed…

Unlike the Bitcoin blockchain, the Libra blockchain is presently what is known as a “permissioned blockchain” where only a select group of entities control the governance of the blockchain. This structure is more vulnerable to attacks and censorship.…

The SEC’s Division of Corporate Finance released a long-awaited – yet “unofficial” – staff guidance on the treatment of digital assets. Token issuers in the U.S. should err on the side of caution and assume that their token is a security.

Andreessen Horowitz, one of the most prestigious names in venture capital and notably the first VC firm to raise a significant cryptocurrency fund, recently announced that it will be relinquishing its status as a venture capital firm.

The SEC published a January 18, 2018 letter addressing concerns it has with the recent growth in cryptocurrencies and cryptocurrency-related products. These concerns underly the financial regulation of mutual funds and exchange traded funds.

The IRS wishes to identify records that will reveal the identity and transaction activity of cryptocurrency users who are U.S. persons. If there is uncertainty about if an exchange is foreign, it is best to consider reporting the asset.

The IRS has issued guidance stating that it considers virtual currencies to be property. If cryptocurrency use increases and becomes more mainstream, regulating bodies are sure to play a greater role, making this one more area for tax risk exposure.