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 ...

They appear digitally on his friends' online profiles on a site called hi5, which is a social network like Facebook or MySpace. "They can't eat the cake. It is an image -- the thing that it represents ...

The Sterling Heights City Council is expected to vote Tuesday, Dec. 2 on the ordinance to add the new licensing and ...

In an era where children are increasingly connected to technology, the need to protect their online safety has never been more urgent. The internet offers incredible educational opportunities and ...

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.

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 ...

The Presidential Fiscal Policy and Tax Reforms Committee has disclosed that virtual currencies, including cryptocurrencies, will be subject to taxation ...