Accepting Payment in Bitcoin: Considerations for Merchants

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

It was the Best of Times, It was the Worst of Times: A Tale of Two Years in Crypto and Coin Offerings

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

CFTC Warns Investors: Use Caution When Buying Digital Tokens

Thinking about buying what’s known as a “utility token” or a “consumption coin”? Think twice, says the Commodity Futures Trading Commission (CFTC). In a customer advisory issued last week, the derivatives regulator urged potential investors to do their due diligence before making a purchase. As we’ve discussed on the Blockchain + the Law blog, digital … Continue reading CFTC Warns Investors: Use Caution When Buying Digital Tokens