Sales of Digital Tokens & ICOs – Securities, Litigation, and Tax Concerns Join Michael Best Cryptocurrency and Securities attorneys for a complimentary one-hour live webinar from 12:00 - 1:00 PM CST on Tuesday, April 30, 2019. 2018 was (and 2019 continues to be) a challenging time for parties engaged in sale of digital tokens and … Continue reading Join Our Webinar!
Michael Best Senior Counsel Cheryl Aaron was published in Lex Mundi’s Blockchain White Paper Series in the article titled, “Accepting Payment in Bitcoin: Considerations for Merchants.” In her whitepaper article, she discusses issues to be aware of if you are a business considering accepting cryptocurrencies, such as bitcoin, as payment. Cheryl analyzes volatility, tax implications, … Continue reading Accepting Payment in Bitcoin: Considerations for Merchants
With stablecoins like Tether and Gemini making news recently, it is worth exploring what the term “stablecoin” means, and how it might impact businesses and consumers in the coming years. For starters, a stablecoin is a type of cryptocurrency that is designed to mitigate the short-term volatility that most cryptocurrencies are known for. Stablecoins are … Continue reading Understanding Stablecoins
For anyone invested in cryptocurrencies or considering a capital raise funded through an Initial Coin Offering (ICO), it would be difficult to imagine two more diametrically different years than 2017 and 2018. As 2018 draws to a close, it is worth reflecting for a moment on all that has happened over the past two years. … Continue reading It was the Best of Times, It was the Worst of Times: A Tale of Two Years in Crypto and Coin Offerings
Although the cryptocurrency market may be ripe for financial investment, individuals and institutions alike have been waiting for guidance from the Internal Revenue Service (IRS) as to how this market will be regulated. Fortunately, the IRS recently shed some light on this matter. On November 13, Charles Retigg, Commissioner of the IRS, spoke at the … Continue reading Cryptocurrencies & Tax Season
Michael Best Partner Evan Strassberg was featured by TheStreet in the article titled, "Cryptocurrency Markets Quiet for Now, but Catalysts for Moves Loom," where he discussed the crypto market, the recent news from the Securities and Exchange Commission (SEC) regarding Exchange Traded Funds (ETFs), and possibilities to come. "...[SEC] the dominant US regulatory body that oversees securities … Continue reading Cryptocurrency Markets Quiet for Now, but Catalysts for Moves Loom
How the sale of Florida Orange Groves 75 years ago established Securities Law compliance standards for Cryptocurrencies and other Digital Tokens today Earlier this year, William Hinman, Director, Division of Corporate Finance, provided significant guidance on the applicability of U.S. Federal Securities Laws to Initial Coin Offerings (ICOs) and the sale of digital tokens. Director … Continue reading 75 Years of Howey