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HMRC Publishes UK Tax Guidance on Cryptocurrency for Individuals
On December 19, HM Revenue and Customs (“HMRC”), the UK’s counterpart to the US Treasury, published long-awaited (and arguably long ... Read More
Getting Smarter: CFTC Publishes Smart Contracts Primer
The Commodity Futures Trading Commission (CFTC) has joined other agencies in explaining the crypto-related products potentially within its jurisdiction. LabCFTC ... Read More
Dragged to the U.S. Courts (Part 3): The Importance of a Valid Forum-Selection Clause
We have said it in both part 1 and part 2 of this series: for a U.S. court to exercise ... Read More
Despite Alleged Fraud, Judge Denies SEC’s Preliminary Injunction Request Based on Howey
Despite evidence of egregious fraud in the marketing of tokens, a judge in the U.S. District Court for the Southern ... Read More
Dragged to the U.S. Courts (Part 2): Avoiding Personal Jurisdiction as a Non-U.S. Blockchain Company
Without personal jurisdiction over a defendant, a court cannot exercise its powers. And when it comes to non-U.S. companies who ... Read More
Dragged to the U.S. Courts (Part 1): Jurisdiction and the Location of Blockchain Nodes
Following the 2017 ICO boom and the more recent declines in cryptocurrency prices, blockchain-related litigation has substantially increased. U.S. courts ... Read More
Cryptoassets Taskforce: Cryptoasset Regulation May Be Coming
The regulation of cryptoassets is a question that has been troubling lawmakers and regulators across the globe. This new phenomenon ... Read More
IRS Advisory Committee Identifies the Need to Enforce Compliance on Cryptocurrency Transactions
A recent report (the “Report”) of the IRS Commissioner’s Information Reporting Advisory Committee (“IRPAC”) has identified the need for additional ... Read More
A Foreboding View of Smart Contract Developer Liability
At least one regulator is attempting to provide clarity regarding the potential liability of actors who violate regulations through the ... Read More
EtherDelta Founder’s Settlement with the SEC Has Grim Implications for Smart Contract Developers
The SEC recently brought its first enforcement action against the creator of a “decentralized” digital token trading platform for operating ... Read More
IRS to Virtual Currency Traders: No Formal Voluntary Disclosure Program
The IRS recently announced that it is not planning to establish a formal voluntary disclosure program for taxpayers who have ... Read More
The IRS is Closing in on Cases Regarding Bitcoin Income Reporting
Following a several-year court fight, the Internal Revenue Service (the IRS) appears to have obtained a substantial amount of information ... Read More
