Until late 2019, the IRS had released very little guidance on the tax treatment of what it refers to as “virtual currency” except Notice 20141, which defined virtual currency as “property,” like ...

When liability is fixed in virtual currency, can judgment issue in that currency? If not, how should currency be converted into dollars? These simple questions have complex answers, at the nexus of ...

Virtual currencies are common forms of financial activity. A quarter into the 21st century, the average individual has become aware of (and often comfortable using) things like Apple Pay, digital ...

As digital technology continues to evolve, the financial industry is undergoing a transformative shift with the rise of virtual currency. With its ability to streamline transactions, reduce costs, and ...

In a continuing trend across U.S. states, Vermont and Pennsylvania have shown their intent to establish more oversight over the digital currency sector. New legislative amendments to Vermont’s ...

At a time when states are jockeying for position to become digital asset and cryptocurrency hubs and we’ve witnessed turmoil and regulatory uncertainty within the cryptoasset industry, the New York ...

The argument being made by Take-Two is that the virtual currency is not a player’s property, to begin with. There have been a few lawsuits against developers and publishers for microtransactions.

Attorneys general claim the company's virtual currency system is designed to exploit children financially. A lawsuit against the popular video-sharing app TikTok, led by Brian Schwalb, Attorney ...