Understanding Cryptocurrency & Its Legal Implications
1h 31m
Created on February 09, 2018
Beginner
Overview
In the past few years, cryptocurrency and token popularity has grown exponentially. While initially under the control of tech enthusiasts and outlaws, they have quickly become mainstream investment vehicles that are gaining the attention of the IRS, SEC, and courts.
This presentation is taught by James Anthony Wolff, attorney and start-up entrepreneur, and Mark DiMichael, CPA who specializes in litigation support. They aim to provide attorneys with a basic understanding of the concepts, accounting rules, and legal environment surrounding cryptocurrency and tokens so they can advise clients correctly.
Learning Objectives:
- Review the concepts, process, and terminology of cryptocurrency, including tokens and other blockchain uses
- Discuss current trends and court rulings
- Consider specific issues for trust and estate and matrimonial practitioners
- Grasp accounting and tax reporting rules
- Determine whether tokens qualify as securities
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