A bill focused on stablecoins has been introduced in Congress
It intends to cover “managed” stablecoins, but it probably covers them all
The bill, titled the “Managed Stablecoins are Securities Act of 2019” (H.R. 5197), was introduced last week. It defines the term “managed stablecoins” and makes clear that products meeting the...
In the latest installment of their multi-part series meant to help those who may need to transact privately in the course of their sensitive work, security expert Eric Wall details...
Taxing Cryptocurrency Block Rewards
An argument for taxing rewards, including proof of stake rewards, only upon sale, rather than upon distribution
Cryptocurrency networks have no dollars or other real currency to be spent on their own maintenance. Instead, newly minted cryptocurrency tokens are used to encourage people to help maintain the...
Save the Date: The 2020 Coin Center Annual Dinner will be on May 11, 2020.
The Blockchain community’s night out is coming back to New York City during Consensus 2020. We hope you will join us once again to rub shoulders with some of the...
A recent New York Times report highlights that Facebook’s Libra project has led Beijing to accelerate its cryptocurrency effort: A state-issued e-currency would help China’s government know more — much, much more...
Last week we published our analysis of the recently released IRS guidance. Our biggest concern with that guidance was that it incorrectly described how forks and airdrops occur, and therefore...
IRS Cryptocurrency guidance answers some questions while raising messy new ones
Could it be possible for strangers to create tax obligations for cryptocurrency owners?
The IRS has finally released new guidance on cryptocurrency tax treatment and it’s a mixed bag with one very bad consequence. Last April, we published a report calling for guidance...
The Uniform Law Commission’s model virtual currency act has been introduced in California
What this would (and wouldn’t) mean for cryptocurrency businesses in the state
In February, the Uniform Law Commission’s model act for virtual currency business licensing was introduced in the California Assembly as AB 1489. Although it is now October and the Assembly’s...
Block.one has settled and is paying a fine for doing a pre-sale of EOS as ERC20 tokens, and Nebulous has settled and is paying a fine for selling Sianotes, a...
A national alternative to onerous state-by-state regulation of cryptocurrency intermediaries
How Congress could give businesses a streamlined path to serving all US customers
Increasingly, policymakers on Capitol Hill and at federal regulatory agencies are asking us whether Congress should develop a comprehensive national regime to regulate cryptocurrencies. We have always and will always...