Comments to the Federal Elections Commission on Technological Modernization
Bitcoin political contributions should not be subject to a $100 limit.
A direct download of this comment is available here.
Blog
The OCC has decided to pursue the federal fintech charter for which we have been advocating.
We've been calling for a federal alternative to state money transmission licensing for digital currency companies since our inception, and today we are thrilled by Comptroller Curry's remarks: that the OCC will...
The IRS’s indiscriminate request for Coinbase data sets a dangerous precedent.
In a recent editorial for American Banker, Coin Center executive Jerry Brito lays out why this apparent fishing expedition by the agency is based on flimsy evidence and a simplistic...
IRS Quest for Coinbase Data Sets Dangerous Precedent
Millions of Americans are at risk of losing their financial privacy because of the agency's flimsy assumption that all Bitcoin users are tax cheats. This article originally appeared in American Banker.
It is understood and accepted that, if someone is investigated for tax evasion, a bank or brokerage may be required to turn over private financial records to the government. However,...
The IRS is seeking the identities and transaction histories of all Coinbase customers in the U.S.
It has petitioned a court to let it serve what is known as a “John Doe Summons,” which requires a business to turn over information about any of its customers...
Digital currency exchanges have similar risk profiles to chartered trust companies and can be safely governed by the same rules.
A direct download of this comment is available here.
This OCC rulemaking could a make a big difference for digital currency exchanges.
Almost two months ago the OCC issued a notice of proposed rulemaking regarding receiverships for uninsured national banks. That doesn't sound like something related to cryptocurrency but, as the comment we...
Bottom line, the report found that there has been little coordination within the IRS about ensuring virtual currency related tax compliance. The IG recommended that the IRS: 1) develop a...
What are the hurdles facing a blockchain enabled future?
Last week Coin Center director of research Peter Van Valkenburgh stopped by the Software Engineering Daily podcast to discuss the unique capabilities of open blockchain networks like Bitcoin and Ethereum,...
An update from the recent Uniform Law Commission drafting meeting
The latest from our participation in what could be United States' best bitcoin licensing law yet.
I’ve just returned from the Twin Cities where the Uniform Law Commission had its third and probably penultimate meeting of the committee to draft a Uniform Regulation of Virtual Currency...