The Internal Revenue Service has prevailed in its long-running dispute with Coinbase, the largest U.S.-based Bitcoin exchange, with a federal judge ordering Coinbase to comply with a “John Doe” summons
Continue Reading Coinbase Ordered to Turn Over Bitcoin Trading Records of Over 14,000 Customers to Internal Revenue Service
Earlier this week, a federal grand jury in Brooklyn returned an indictment criminally charging a self-described “day trader” with various offenses in connection with an alleged computer hacking scheme involving
Continue Reading Indictment of Day Trader for Hacking and Securities Fraud Demonstrates How Bitcoin Can Be Used For Money Laundering
In its recently-published 2017 National Drug Threat Assessment (NDTA), the Drug Enforcement Administration reports that drug trafficking organizations are turning to Bitcoin and other virtual currencies to enable easy transfer
Continue Reading Transnational Criminal Organizations Increasingly Using Bitcoin as Money Laundering Vehicle
Two members of Congress have introduced a bill that would exempt from income tax transactions under $600 conducted using Bitcoin or other digital currencies. Currently, the Internal Revenue Service treats
Continue Reading Bill Introduced in Congress to Exempt Small Bitcoin Transactions From Income Tax