IRS releases notice on taxation of NFTs as collectibles
In its first published guidance addressing non-fungible tokens (NFTs), the Internal Revenue Service (IRS) issued Notice 2023-27 on March 21, 2023, announcing its intention to issue...
Tagged: Banking operations
NFT Service brings litigation into the metaverse!
Blockchain technology has been touted as inherently trustworthy for years. Recently, collectors of Non-Fungible Tokens (NFTs) have explored expanded use of the new technology. Some courts...
Recent offshore regulatory updates in fintech and digital/virtual assets
Introduction Carey Olsen, recently ranked in the FinTech sector by Chambers & Partners across each of its offices in Bermuda, British Virgin Islands (BVI), Cayman Islands...
Crypto should be given the chance to earn trust, just like the banks have
About the author: Kevin Werbach is the Liem Sioe Liong/First Pacific Company Professor and Chair of the Department of Legal Studies and Business Ethics at the...
Crypto With Katten London Symposium: Key Takeaways
Following Katten’s first Crypto With Katten London Symposium, we thought it might be interesting to reflect on the key takeaways from the range of panel sessions...
Airing dirty laundry: Biden budget targets crypto-laundry sales
The Biden administration’s crypto tax proposal last year contained some helpful clarifications, including supporting non-recognition treatment for crypto lending, along with measures aimed at gaining insight...
GULF CRYPTO BANK Participation as diamond sponsor in
LONDON, United Kingdom, March 20, 2023 (GLOBE NEWSWIRE) — GULF CRYPTO BANK: the first Arab crypto bank to be established that combines both banking systems: a...
GULF CRYPTO BANK Participation as diamond sponsor in
LONDON, United Kingdom, March 20, 2023 (GLOBE NEWSWIRE) — GULF CRYPTO BANK: the first Arab crypto bank to be established that combines both banking systems: a...
Fewer banks accept crypto. Those who do may face greater risks.
Crypto firms had little to do with the recent banking turmoil, but with fewer banks willing to take business from the industry, there is a risk...
Bitcoin at ‘redemption arc’ as banking pressure mounts, AllianceBernstein says
Cryptocurrencies are experiencing a “redemption arc” as bitcoin rallies and investors keep an eye on pressures in the US banking system, according to analysts at AllianceBernstein....