Pillsbury Social Media, Entertainment & Technology Team

Russia Cracks Down On Bitcoin

Both the Central Bank of Russia and the Russian Prosecutor General's Office explained that the rouble is the country's sole official currency and that the production of alternative monetary products, such as Bitcoin and other…more

| Criminal Law, Finance & Banking, International Law & Trade, Science,...

Virtual Currency - Acronyms Abbreviations and Key Definitions

Although many of you are obviously fascinated by the fast-paced virtual currency industry, trying to read a news article or blog can sometimes be incredibly difficult due to the sheer number of acronyms and terms of art commonly…more

| Finance & Banking, Science, Computers, & Technology

More fallout from Silk Road

Another set of Bitcoin-related arrests for failing to comply with the Bank Secrecy Act. Interestingly, investors in one of the companies include the Winkelvoss twins. Anyone who is involved in Bitcoin or other virtual…more

| Criminal Law, Finance & Banking, Science, Computers, & Technology

Sacramento Kings Announce They Will Be The First Pro Sports Franchise To...

On January 16, 2014, The Sacramento Bee in its article Kings will be first pro sports franchise to accept online currency Bitcoins announced that by March 1, 2014, Sacramento Kings fans "will be able to purchase team merchandise…more

| Art, Entertainment, & Sports Law, Finance & Banking, Science, Computers,...

Singapore Issues Bitcoin Tax Guidance

The Singapore tax authority has issued guidance which confirms the viability of certain Bitcoin transactions. Like the central bank in China, the Inland Revenue Authority of Singapore (IRAS) took the position that Bitcoin is not…more

| Finance & Banking, Science, Computers, & Technology, Taxation

Scammers Continue to Target Customers

There have been numerous reports that West Virginia Attorney General Patrick Morrisey issued a warning to consumers on Monday, January 13, 204, about a Target gift card scam occurring throughout the country on social media…more

| Consumer Protection

Taxation of Virtual Currencies

The taxation of virtual currencies has garnered increasing attention, in part due to the princely fortunes some are making from the rapid increase in the price of Bitcoins. Yet, the U.S. IRS has issued little guidance in this…more

| Finance & Banking, Science, Computers, & Technology, Taxation

Does Bitcoin Violate the Stamp Payments Act?

Based on some recent articles, a number of people have asked whether Bitcoin might be declared illegal under an archaic law known as the "Stamp Payments Act." According to a recent Congressional Research Service report, the…more

| Criminal Law, Finance & Banking, Science, Computers, & Technology

Social Media & Games: 2013 Year in Review

2013 was an incredibly active year for social media legal issues. Below are selected highlights on some of the more interesting legal issues that impacted social media, along with links to reference material relating to the…more

| Communications & Media Law, Finance & Banking, Privacy, Intellectual...

Social Media Is The Hot Recruitment Tool

The Sacramento Bee in an article titled Job Front: Social media are growing recruitment tools reported that "[e]mployers in greater numbers are relying on social media to recruit new talent," according to Jobvite's 2013 Social…more

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"Solicitation" In the Era of Social Media Remains Unsettled

Last month, in KNF&T v. Muller (October 2013), the Massachusetts Superior Court found that a LinkedIn update regarding an employee's new job was not a solicitation of business in violation of her non-competition agreement, which…more

| Civil Remedies, Commercial Law & Contracts, Communications & Media Law,...

Some Firings Based on Social Media Use May Be Okay

In early November, an administrative law judge of the National Labor Relations Board dismissed a complaint filed against an employer, finding that the employer did not violate the National Labor Relations Act by withdrawing…more

| Communications & Media Law, Labor & Employment Law

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