Tag Archives: virtual currency

Alert: IRS Issues New Guidance and FAQs on Virtual Currencies

On Oct. 9, the Internal Revenue Service (IRS) issued additional guidance regarding the taxation of cryptocurrency. The guidance comes more than five years after the IRS issued Notice 2014-21, the first and, until now, only official guidance regarding cryptocurrency. Revenue Ruling 2019-24 (the Revenue Ruling) reaffirms that virtual currency is treated as property and does … Continue Reading

Blockchain Developments: NY AG Issues Report, Major Japanese Exchange Hacked, Global Attitudes Diverge and Use Cases for Social Good Emerge

In this issue: • New York Attorney General Issues Virtual Markets Integrity Initiative Report • Major Hack of Japanese Exchange, Multiple U.S. Enforcement Actions • Blockchain Capital Markets Solutions Advance, Global Regulations Diverge • Blockchain Use Cases for the Environment, Digital Identity and State Initiatives New York Attorney General Issues Virtual Markets Integrity Initiative Report … Continue Reading
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