August 7, 2019
The Insider: White Collar Defense and Securities Enforcement
by Jeremy H. Temkin

The Tax Man Taps the Brakes on Digital Currency Expansion

Dear Friends and Colleagues,

In June 2019, Facebook and a consortium that included Visa, MasterCard, PayPal, Uber Technologies, Inc. and eBay announced the launch in 2020 of a new digital currency called Libra. In my latest blog, “The Tax Man Taps the Brakes on Digital Currency Expansion,” on The Insider: White Collar Defense and Securities Enforcement hosted by Forbes, I discuss increased calls for regulation of digital currencies, address enforcement efforts by both the Tax Division of the Department of Justice and the Internal Revenue Service, and conclude that the IRS’s treatment of digital currency transactions may serve as an obstacle to the widespread adoption of Libra and other digital currencies by law-abiding individuals.

Best Regards,

Jeremy

Arrow VIEW FULL ARTICLE

Jeremy H. Temkin
Morvillo Abramowitz Grand Iason & Anello PC
565 Fifth Avenue
New York, New York 10017
212.880.9470
jtemkin@maglaw.com

For more articles, please visit maglaw.com/publications

Arrow CONTACT US

Copyright © 2019 Morvillo Abramowitz Grand Iason & Anello PC All Rights Reserved. This communication may contain attorney advertising. Prior results do not guarantee a similar outcome.

Privacy Policy | [UNSUBSCRIBE]