While tax, appraisal, and legal considerations are all important for making effective and compliant contributions of Bitcoin (and other cryptocurrencies), the practical question remains – how does a ...

CPA tax preparers should recognize that the use of bitcoin and other virtual currencies has grown, both as an investment and as a means of commerce, that it has tax consequences, and that it is an IRS ...

State law regulates the licensing and activities of VCBs. Although regulation by each state varies, agencies are working to make the licensing requirements across states more uniform. This article ...

In a recently released memorandum, the IRS discussed the taxation of convertible virtual currency received in a crowdsourcing market. The issue presented in the chief counsel advice memorandum was “Is ...

As digital technology continues to evolve, the financial industry is undergoing a transformative shift with the rise of virtual currency. With its ability to streamline transactions, reduce costs, and ...

On Wednesday, the AICPA Tax Executive Committee (TEC) submitted a letter to the IRS with updated comments on Notice 2014-21, the IRS’s virtual currency guidance. The comments were prompted by new ...

Breakthroughs, discoveries, and DIY tips sent six days a week. Terms of Service and Privacy Policy. The use of virtual currencies, such as cryptocurrency, in drug and ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...