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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
Recent Reports Show UK and EU (Slowly) Progressing Towards Virtual Currency Regulation
Currently there is no EU-harmonized approach for the specific regulation of virtual currency. In September 2018, the UK's Treasury Committee ... Read More
What FINRA’s Cryptocurrency First Disciplinary Action Means for Employers
The Financial Industry Regulatory Authority (“FINRA”) made it a 2018 goal to monitor and supervise the cryptocurrency market, which has ... Read More
Just Another Week on the Blockchain: September 10-16, 2018
The week of September 10th was particularly eventful and saw a rather large number of recent enforcement and regulatory developments, ... Read More
Virtual Currencies Fall Within Scope of EU’s Fifth Anti-Money Laundering Directive
The fifth iteration of the Anti-Money Laundering Directive (MLD5) took effect in July 2018. In addition to several updates covering ... Read More
SEC Finds Digital Tokens Issued in Exchange for Services Can Still Constitute Securities
In a recent settled enforcement action, In the Matter of Tomahawk Exploration LLC and David Thompson Laurance, the SEC found ... Read More
CFTC Chairman Includes Fintech and Virtual Currency in Agency’s Priorities
On July 25th, 2018, CFTC Chairman Giancarlo addressed the House Committee on Agriculture regarding the agency’s priorities and recent work ... Read More
Cryptocurrencies and Online Promotions: Legitimate Activities or Fraudulent Schemes?
The Internet is a double-edged sword, presenting business opportunities undreamed of 20 years ago – and the potential for fraudulent ... Read More
