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
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
The Internal Revenue Services (IRS) launched an international coalition to investigate transnational cryptocurrency tax crime and money laundering. The J5 is comprised of the government agencies from Australia, Canada, the Netherlands, the United Kingdom, as well as the IRS. The J5 states: "We are convinced that offshore structures and financial instruments, where used to commit tax … Continue reading Joint Chiefs of Global Tax Enforcement: The J5
Michael Best Attorneys Evan Strassberg and Brad Jacobsen provide an expert analysis, featured in Westlaw Journal's Bank & Lender Liability, explaining how economy of bitcoin and other cryptocurrencies work, as well as how government agencies are impacting this market and attempting to regulate these new electronic assets. "Bitcoin was born shrouded in mystery. Using the alias Satoshi … Continue reading Regulation of the Unregulated: How Bitcoin and Cryptocurrencies show that the Government Can Regulate Anything