Taxpayers should take prompt action to assess their situation, yet move carefully before making representations or filings to the IRS.
Over the past month, the Internal Revenue Service (IRS) has sent letters to over ten...more
8/21/2019
/ Amended Tax Returns ,
Bitcoin ,
Cryptocurrency ,
Failure to Report ,
Financial Transactions ,
Income Taxes ,
IRS ,
Reporting Requirements ,
Tax Audits ,
Tax Liability ,
Tax Returns ,
Virtual Currency ,
Warning Letters
U.S. Developments -
Regulatory Developments -
SEC Issues Second No Action Letter for Blockchain-Based Project -
On July 25, 2019, the staff of U.S. Securities and Exchange Commission (SEC) issued its second ever...more
8/1/2019
/ Asset Transfer ,
Bitcoin ,
Blockchain ,
Cross-Border Transactions ,
Cryptocurrency ,
Digital Assets ,
Money Laundering ,
No-Action Letters ,
NYDFS ,
Popular ,
Regulatory Oversight ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Startups
U.S. Developments -
Regulatory Developments -
SEC and FINRA Issue Joint Statement on Digital Asset Custody Issues -
On July 8, 2019, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry...more
7/19/2019
/ Bitcoin ,
Blockchain ,
Broker-Dealer ,
Canada ,
Capital Raising ,
CFTC ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Cuba ,
Data Protection ,
Digital Assets ,
Federal Reserve ,
Financial Industry Regulatory Authority (FINRA) ,
Initial Coin Offering (ICOs) ,
Initial Public Offering (IPO) ,
IRS ,
JOBS Act ,
Joint Statements ,
New Guidance ,
Reg A+ ,
Securities and Exchange Commission (SEC) ,
Self-Regulatory Organizations ,
Token Sales ,
UK ,
Venezuela
U.S. Developments -
Regulatory Developments -
SEC Chair’s Recent Comments on Digital Assets -
Securities and Exchange Commission (“SEC”) Chairman Jay Clayton touched on digital asset issues during two recent...more
6/19/2019
/ Anti-Money Laundering ,
Beneficial Owner ,
Blockchain ,
Broker-Dealer ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
FATF ,
Financial Industry Regulatory Authority (FINRA) ,
FinCEN ,
G20 ,
International Tax Issues ,
Popular ,
Securities and Exchange Commission (SEC)
U.S. Developments -
Regulatory Updates -
SEC Continues to Delay Decision on Bitwise ETF -
On May 14, 2019, the U.S. Securities and Exchange Commission (“SEC”) continued its delay on a decision regarding a bitcoin...more
5/21/2019
/ Blockchain ,
Broker-Dealer ,
CFTC ,
Cryptocurrency ,
Enforcement Actions ,
Initial Coin Offering (ICOs) ,
Preliminary Injunctions ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
State Attorneys General ,
Token Sales
U.S. Developments -
Regulatory Updates -
CFTC Publishes Enforcement Manual -
On May 8, 2019, the U.S. Commodity Futures Trading Commission’s (“CFTC”) Division of Enforcement (“DOE”) published its first public...more
5/16/2019
/ Bitcoin ,
Blockchain ,
CFTC ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
FinCEN ,
Popular ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Virtual Currency
U.S. Developments -
Regulatory Updates -
SEC’s Valerie Szczepanik Speaks at SXSW -
The U.S. Securities and Exchange Commission’s (“SEC”) Associate Director of the Division of Corporation Finance and Senior Advisor for...more
4/4/2019
/ American Bar Association (ABA) ,
Bitcoin ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
FinCEN ,
New Regulations ,
Popular ,
Regulatory Agenda ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Startups ,
Token Sales ,
Unregistered Securities