Category Bitcoin

Florida, Money Laundering and Virtual Currencies – Clarifying the Muddy Waters

Florida legislature passes bill to add virtual currencies to money laundering statute in response to last year’s court ruling that bitcoin can’t be the basis for money laundering charges Last year, a Miami judge dismissed criminal charges against a Florida-based bitcoin seller who had been caught in a sting in which undercover law enforcement officers […]

A Short Guide to Bitcoin Forks

If you spend any time watching or reading or maybe even investing in Bitcoin or other cryptocurrencies, you’re likely to hear someone talk about a fork, a hard fork, or a soft fork. When I first encountered this term, I was completely confused by it. I recently read a short article by Amy Castor at […]

Bitcoin and the IRS – The IRS Pushes Back

In an earlier post, we started discussing the IRS’ “John Doe” summons to Coinbase, a virtual currency exchange, to obtain information about every Coinbase user, who, at any time during the period of January 1, 2013 through December 31, 2015, conducted transactions in a convertible virtual currency as defined in IRS Notice 2014-21. One such […]