The Securities and Exchange Commission announced yesterday that a California-based company selling digital tokens to investors to raise capital for its blockchain-based food review service halted its initial coin offering
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SEC’s Cyber Unit Files Its First-Ever Charges to Halt Alleged Initial Coin Offering Scam
The Securities and Exchange Commission announced yesterday that its new Cyber Unit obtained an emergency asset freeze to halt a “fast-moving” Initial Coin Offering (ICO) fraud that raised up to
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Coinbase Ordered to Turn Over Bitcoin Trading Records of Over 14,000 Customers to Internal Revenue Service
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
Indictment of Day Trader for Hacking and Securities Fraud Demonstrates How Bitcoin Can Be Used For Money Laundering
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
Transnational Criminal Organizations Increasingly Using Bitcoin as Money Laundering Vehicle
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
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Bill Introduced in Congress to Exempt Small Bitcoin Transactions From Income Tax
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
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Members of Congress Question IRS’s Digital Currency Strategy Including “John Doe” Summons to Coinbase
Three influential members of Congress have questioned the Internal Revenue Service’s strategy for addressing the tax treatment of digital or virtual currencies, such as Bitcoin, and its efforts to uncover
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