News & Analysis as of November 19, 2024

Distributed Ledger Technology (DLT)

+ Follow

Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency. less -

Blockchain+ Bi-Weekly: July 2024 #2

Polsinelli on 7/25/2024

While the nation was preoccupied with the significant developments in the Presidential race, advocates and promoters of the blockchain ecosystem were particularly attentive to the news, given the perception that the current...more

Understanding DeFi: Words Have Meaning, But What Do They Mean?

McGlinchey Stafford on 9/9/2022

Perhaps the most challenging (and intimidating) part of Decentralized Finance is understanding all the terms and industry jargon—many of which are new and technical, while others are as old as time but commonly misunderstood....more

IRS answers some, but not all, questions in long-awaited cryptocurrency guidance

Proskauer - Tax Talks on 10/18/2019

The first official guidance on the taxation of cryptocurrency transactions in more than five years has been issued. The guidance includes both a Revenue Ruling (Rev. Rul. 2019-24, 2019-44 I.R.B. 1) and answers to...more

CFTC Chairman States Ether is a Commodity

Proskauer - Blockchain and the Law on 10/14/2019

In remarks made at the Yahoo! All Markets Summit in New York, Heath Tarbert, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), said that he believed the Ether cryptocurrency was a “commodity” and should be...more

Smart Contracts That Violate the Commodity Exchange Act: What Parties Are Liable?

Orrick, Herrington & Sutcliffe LLP on 2/28/2019

In recent years, the U.S. Commodity Futures Trading Commission (CFTC) has devoted significant resources to addressing how the requirements of the Commodity Exchange Act (CEA) and the regulations thereunder apply to...more

5 Results

View per page