Virtual Currency Primer Released by CFTC’s LabCFTC

First of a Series of Readers to Help Market Participants and Innovators Navigate the FinTech Landscape Washington, DC — The Commodity Futures Trading Commission’s LabCFTC today released, “A CFTC Primer on Virtual Currencies.” This primer is the first of a series that LabCFTC will release to provide fundamental, and essential, information about financial technology (FinTech) innovation. … Read more

Cryptocurrency Tax Fairness Act offers Tax Parity in the USA

Rep. Jared Polis, D-Colo., and Rep. David Schweikert, R-Ariz., co-chairs of the Congressional Blockchain Caucus, introduced the Cryptocurrency Tax Fairness Act of 2017 today. In 2014, the IRS classified digital currency as property.  The outdated guidance classifies even the smallest of cryptocurrency transactions the same as buying or selling stock, which dis-incentivizes consumers from using … Read more

Blockchain Startup Taking on Wall Street and ICO Compliance

Securrency, a combined RegTech and FinTech platform, aims to be the Amazon of Financial Services offering a one-stop shop for the purchase or sale of any asset and ICO compliance. Do you want to Exchange Bitcoin directly into shares of Apple? Done. From Euro’s into shares of a commercial real estate company based in Hong Kong? … Read more

Uniform Regulation of Virtual Currency Businesses Act Approved

The Uniform Law Commission (ULC) approved six new acts, including a new act regulating virtual currency businesses during their 126th Annual Meeting in San Diego, California. The Uniform Regulation of Virtual Currency Businesses Act creates a statutory framework for regulating virtual currency business activity, which includes businesses engaged in the exchange of virtual currencies for cash, bank deposits, … Read more