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: legal advisors
Current trends in the Swedish crypto market – Commentary
IntroductionResponse to increasing tradeThe Future of CryptocurrenciesComment Introduction Over the past few years, cryptocurrency trading has increased in Sweden. The most common cryptocurrency is Bitcoin. Cryptocurrencies...
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...
Supreme Court finds no copyright protection in bitcoin file format – Commentary
IntroductionFactsBackgroundDecisionComment Introduction The recent Supreme Court judgment in Wright & Ors v BTC Core & Ors(1) considered whether copyright could exist in what was referred to...
Classification of the newly emerging technologies including Blockchain, Metaverse, virtual goods, NFTs and other crypto-assets and the current approach of the Turkish Patent and Trademark Office
The scope of trademark applications is critical in terms of trademark protection and enforcement. Accordingly, it is of utmost importance to accurately analyze, identify and classify...
SEC’s latest Spot Bitcoin ETF denial prompts sharp dissent from Republican commissioners
It was no surprise when the SEC recently rejected the latest request for a spot Bitcoin ETF. It has been the SEC’s response to all such...
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...
NFTs used to deliver complaint; Treasury official, SEC chairman addresses crypto compliance; NYAG Sues Crypto Exchange; DOJ Takes Down Crypto Mixes
In this case: • NFT integration software released; NFTs used to serve complaint in civil action • US Treasury Officials Signal Upcoming DeFi Illicit Finance Risk...
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...