News & Analysis as of September 19, 2024

Virtual Currency › Final Guidance

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Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency. less -

The IRS is sending warning letters to more than 10,000 virtual currency owners

Eversheds Sutherland (US) LLP on 8/1/2019

On July 26, 2019, the IRS announced that it has begun to send letters to more than 10,000 taxpayers who might have failed to report income and pay the resulting tax from virtual currency transactions or who did not report...more

Investing in Bitcoin? Think Twice Says the SEC.

Blank Rome LLP on 5/13/2014

Bitcoin has been in the news a lot recently and most of the news has been bad, including news of the bankruptcy of Mt. Gox, formerly one of the world’s largest Bitcoin exchanges. Most recently, on May 7, 2014, the SEC issued...more

The Conference of State Bank Supervisors and the North American Securities Administrators Association Release Guidance Regarding...

Goodwin on 5/2/2014

The Conference of State Bank Supervisors (the “CSBS”), through its Emerging Payments Task Force (the “Task Force”), and the North American Securities Administrators Association (the “NASAA”) released Model State Consumer and...more

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Virtual Currency › Final Guidance

The IRS is sending warning letters to more than 10,000 virtual currency owners

Investing in Bitcoin? Think Twice Says the SEC.

The Conference of State Bank Supervisors and the North American Securities Administrators Association Release Guidance Regarding...

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