Home » Archive by categoryCrypto Currencies (Page 86)

US: Buying Crypto with Fiat does not trigger Tax Reporting Rules as per IRS

blockchain.bakermckenzie.com/2021/03/08/us-irs-loosens-cryptocurrency-reporting-requirements-but-strengthens-enforcement-efforts/#page=1www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactionswww.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactionstaxlitigator.me/2021/01/26/fincen-giveth-with-one-hand-taketh-with-the-other-by-confirming-virtual-currency-isnt-reportable-on-an-fbar-form-but-proposing-to-require-reporting-in-future-and-more-reporting-by-money-serv/www.coindesk.com/irs-1040-faq-buying-crypto-with-usdwww.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactionswww.wsj.com/articles/the-irs-sets-a-trap-for-cryptocurrency-tax-cheats-11601026202?mod=hp_lead_pos12www.blockchainreportblog.com/2021/04/purchased-bitcoin-in-2020-irs-might-or-might-not-require-reporting-on-your-tax-return/bit.ly/3t7vN3N See also:tinyurl.com/mr3kt5a2 0
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US: SEC charges Ripple for unregistered Crypto-Securities Offerings

www.findknowdo.com/news/12/23/2020/sec-charges-tech-company-unregistered-crypto-securities-offerings?utmtalglaw.com/cryptocurrency-security-ripple/ See also:www.nelsonmullins.com/idea_exchange/blogs/investigations/cryptocurrency/securities-class-actions-against-crypto-industry-stymied-by-statute-of-limitationswww.findknowdo.com/news/08/09/2021/defi-company-and-executives-settle-sec-charges-unregistered-securities-offering?utmwww.findknowdo.com/news/08/09/2021/trading-platform-settles-sec-charges-operating-unregistered-digital-asset-exchange?utm Update:gtlawinfo.com/rv/ff009cbe5f78a3e1a9f32c5ea547bc785eaf4019Both the SEC and Ripple Labs Claim Victory in Crypto-as-Securities Case, Christopher Ott (loeb.com)One small step for Ripple, one big step for crypto, Mark Bini, Courtney E. Fisher, Kaela Dahan, Victoria Jaus, Celisa Morin (reedsmith.com)SEC v. Ripple Labs: A Critical Industry Win | Bryan Cave...
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Cayman: Virtual Asset Service Providers Law takes effect

www.harneys.com/insights/cayman-islands-virtual-asset-service-providers-law-takes-effect/www.ogier.com/publications/registration-of-virtual-asset-service-providers-commenced-on-31-october-2020www.walkersglobal.com/index.php/publications/99-advisory/2258-commencement-of-cayman-islands-virtual-asset-service-providers-law-2020Update:www.ogier.com/publications/registration-of-virtual-asset-service-providers-commenced-on-31-october-2020www.loebsmith.com/legal/virtual-asset-service-provider-law-vasp-regime-to-commence-in-phases/217/www.loebsmith.com/legal/game-changer-introduction-of-the-regulation-of-virtual-assets-in-the-cayman-islands/215/www.loebsmith.com/legal/cima-s-statement-of-principles-on-conduct-of-virtual-asset-services-/261/www.tridenttrust.com/knowledge/insights/the-virtual-asset-service-providers-regime-in-the-cayman-islands-march-2023/www.ogier.com/news-and-insights/insights/forward-thinking-jurisdictions-welcoming-vasps/Where to relocate virtual asset series – spotlight on Cayman Islands | Carey Olsen See also:www.conyers.com/publications/view/regulation-of-virtual-asset-service-providers-in-the-british-virgin-islands-cayman-islands-and-bermuda/www.loebsmith.com/legal/game-changer-licensing-requirements-for-virtual-assets-in-the-cayman-islands-part-2/219/www.careyolsen.com/briefings/virtual-assets-services-regime-cayman-islandsjingtian.com/Content/2021/03-05/0955301723.html 0
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Ireland: Virtual Assets proposed AML Requirements

insights.walkersglobal.com/post/102gksg/ireland-update-virtual-assets-proposed-aml-requirementswww.walkersglobal.com/images/Publications/Advisory/2020/Dublin/Fifth_Anti-Money_Laundering_Directive_implementation__Nov2020.pdfwww.matheson.com/insights/detail/aml-whats-changed-whats-proposedwww.algoodbody.com/insights-publications/new-money-laundering-act-2021 Update:www.algoodbody.com/insights-publications/virtual-asset-service-providers-in-the-regulatory-spotlightwww.mhc.ie/latest/insights/virtual-asset-service-providers-have-you-registered-with-the-central-bankwww.philiplee.ie/requirements-for-crypto-businesses-in-ireland-to-submit-applications-to-the-cbi-by-23rd-july-2021/www.dlapiperintelligence.com/investmentrules/blog/articles/2021/article-on-virtual-asset-service-providers.htmlinsights.arthurcox.com/post/102hsrm/aml-update-central-bank-highlights-recurring-issues-with-vasp-applicationswww.mhc.ie/latest/insights/central-bank-issues-bulletin-on-vasp-registrationswww.williamfry.com/newsandinsights/publications-article/2022/07/14/virtual-asset-service-providers'-aml-cft-frameworks-central-bank-observations-on-vasp-applications-for-registration 0
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US: $1 billion in Bitcoin associated with Silk Road seized

blockchain.bakermckenzie.com/2020/11/06/us-seizes-1-billion-in-bitcoin-associated-with-silk-road/#page=1 Update:connectedworld.clydeco.com/post/102gkqy/u-s-government-files-lawsuit-seeking-forfeiture-of-1-billion-worth-of-bitcoinblockchain.bakermckenzie.com/2022/11/08/us-doj-seizes-more-than-3-3-billion-worth-of-bitcoin-and-obtains-guilty-plea-arising-out-of-silk-road-fraud/#page=1www.bakerlaw.com/alerts/doj-seizes-over-3-billion-in-historic-crypto-dark-web-fraud-casewww.justice.gov/usao-sdny/pr/us-attorney-announces-historic-336-billion-cryptocurrency-seizure-and-conviction 0
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US: DoJ releases Cryptocurrency Enforcement Framework

www.cozen.com/news-resources/publications/2020/the-department-of-justice-announces-the-first-of-its-kind-cryptocurrency-enforcement-frameworkwww.findknowdo.com/news/10/12/2020/us-attorney-general-cyber-task-force-describes-cryptocurrency-enforcement-framework?utmwww.blockchainlegalresource.com/2020/10/doj-releases-cryptocurrency-enforcement-report/#page=1www.kramerlevin.com/en/perspectives-search/doj-cyber-digital-task-force-releases-cryptocurrency-enforcement-framework.htmlwww.gtlaw.com/en/insights/2020/10/dojs-cryptocurrency-framework-a-new-perspectiveus.eversheds-sutherland.com/NewsCommentary/Legal-Alerts/236313/The-US-Department-of-Justice-issues-Cryptocurrency-Enforcement-Framework-forecasting-increased-scrutiny-of-activities-involving-cryptocurrencywww.fintechandpayments.com/2020/10/dojs-evolving-framework-for-cryptocurrency-enforcement/#page=1www.dlapiper.com/en/us/insights/publications/2020/10/unpacking-the-dojs-cryptocurrency-guidance-enforcement-priorities-and-industry-implications/www.fenwick.com/insights/publications/doj-cryptocurrency-enforcement-framework-highlights-risk-for-those-engaged-in-virtual-asset-and-cryptocurrency-activityblockchain.bakermckenzie.com/2020/10/29/u-s-department-of-justice-releases-cryptocurrency-enforcement-framework-avowing-authority-to-prosecute-individuals-located-inside-and-outside-of-the-u-s/#page=1info.dechert.com/10/14713/october-2020/doj-cyber-digital-task-force-issues-report-on-cryptocurrency-enforcement-framework.asp?sid=3ad33d96-b733-4346-abac-caafe2917e55www.velaw.com/insights/cryptocurrency-101-dojs-new-cryptocurrency-enforcement-framework-provides-guidance-and-promises-of-heightened-scrutiny-of-virtual-assets-through-intergovernmental-collaboration/www.mccarthy.ca/fr/node/67821www.ropesgray.com/en/newsroom/alerts/2020/11/DOJ-Provides-Framework-for-Cryptocurrency-EnforcementSee also:www.taxcontroversy360.com/2021/07/key-takeaways-cryptocurrency-global-tax-enforcement-what-investors-and-companies-in-the-industry-need-to-know-now/www.justice.gov/opa/pr/court-authorizes-service-john-doe-summons-seeking-identities-us-taxpayers-who-have-used-0www.justice.gov/opa/pr/court-authorizes-service-john-doe-summons-seeking-identities-us-taxpayers-who-have-used-1home.treasury.gov/system/files/136/The-American-Families-Plan-Tax-Compliance-Agenda.pdfbracewell.com/insights/doj-trumpets-new-multi-faceted-cryptocurrency-task-force-what-means-youUpdate:www.consumerfinanceandfintechblog.com/2021/10/department-of-justice-sets-cryptocurrency-squarely/#page=1www.perlmanandperlman.com/protecting-charitable-interests-in-trusts-and-estates/www.mayerbrown.com/en/perspectives-events/publications/2022/02/us-doj-continues-to-position-itself-as-preeminent-global-enforcement-agency-for-virtual-currency-and-digital-assets 0
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Trends: Financial Stability Board outlines global stablecoin recommendations

buckleyfirm.com/blog/2020-10-15/financial-stability-board-outlines-global-stablecoin-recommendations#page=1thelens.slaughterandmay.com/post/102gian/fsb-pronounces-on-regulation-of-stablecoinsfinreg.shearman.com/Financial-Stability-Board-Publishes-Final-Recomm#page=1www.deacons.com/news-and-insights/publications/financial-stability-board-provides-global-stablecoin-regulatory-recommendations.htmltechinsights.linklaters.com/post/102h82r/should-we-worry-about-un-stablecoinswww.engage.hoganlovells.com/knowledgeservices/news/central-bank-digital-currencies-the-end-of-money-as-we-know-it See also:kraken.docsend.com/view/pfucb9rvzrxt6heb riskandcompliance.freshfields.com/post/102h8c4/revolution-not-evolution-application-of-pfmi-to-systemic-stablecoin-arrangementwww.findknowdo.com/news/11/14/2023/bank-regulators-testify-financial-stability-risk Update:hallandwilcox.com.au/thinking/imf-publishes-fintech-note-on-regulation-of-stablecoins/ 0
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US: Crypto Income Tax Return Filing 2021

www.cryptocurrencytaxattorney.com/crypto-bitcoin-income-tax-filing-faq-guide/See also:bit.ly/3kDZxB4www.blockchainreportblog.com/2021/04/purchased-bitcoin-in-2020-irs-might-or-might-not-require-reporting-on-your-tax-return/bit.ly/3t7vN3Ngordonlawltd.com/coinbase-1099-misc/#page=1www.findknowdo.com/news/03/23/2022/nyag-warns-investors-tax-liability-associated-virtual-currency-investments?utmwww.findknowdo.com/news/05/11/2023/gao-director-testifies-frb/fdic-supervision-over-failed-banks 0
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