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Taxation of Non-Fungible Tokens

USA - July 21 2022 Part Four in our series discusses U.S. federal income tax issues relating to Non-Fungible Tokens (NFTs) and provides an overview of how NFTs may be…

Proposed Federal Crypto Legislation Supported by Digital Asset Ecosystem; Consumer Advocacy Groups Balk

USA - June 15 2022 On June 7, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced S. 4356, the Responsible Financial Innovation Act…

Kevin R. Edgar, Teresa Goody Guillén, Veronica Reynolds, Michelle N. Tanney

Cryptocurrency Tax Enforcement May Soon Reward Tipsters Through Whistleblower Program and False Claims Act

USA - May 24 2022 Taxpayers could be criminally and civilly liable under state False Claims Act statutes for underreporting income linked to virtual…

Christina O. Gotsis, Carlos F. Ortiz, Elizabeth Ann Smith, Kayley B. Sullivan

Global Tax Enforcement Group Provides NFT Red Flag Guidance

USA - May 3 2022 The Joint Chiefs of Global Tax Enforcement (J5) issued its first intelligence bulletin providing guidance to banks, law enforcement…

Christina O. Gotsis, Teresa Goody Guillén, Carlos F. Ortiz, Elizabeth Ann Smith

Financial Firms Develop Crypto Offerings; DAO Hacker Reportedly Identified; DOJ Names New Crypto Director; NFT Initiatives Launch as Markets Are Hacked

USA - February 25 2022 A major U.K.-based stock exchange recently announced plans to acquire a provider of cloud-based technology, including order and execution management…

Lauren Bass, Teresa Goody Guillén, Robert A. Musiala Jr., Alex Karambelas