Cryptocurrency

What are the Legal Risks to Cryptocurrency Investors?

If you are an employee and receive cryptocurrency as salary, it is taxable as income. Commonly called an FBAR, for Foreign Bank Account Report, this is FinCEN Form 114, and it must be filed by holders of substantial overseas accounts. Cryptocurrency trading frequently involves holding cryptocurrency in a foreign account. The amount is based on the value in U.S. As […]

18 Crypto Trading Platforms to Know

Cryptocurrency exchanges that operate in the United States are subject to regulation by the Commodity Futures Trading Commission (CFTC), which enforces various anti-money laundering programs and requirements, FinCEN regulation, as well as other rules and regulations across various government agencies. Cryptocurrency exchanges that operate in New York State, for example, are regarded as money transmission services – forcing exchanges that […]