Publications
Executive Order Makes Policy On Crypto Less Cryptic
An executive order outlining six key priorities focused on American competitiveness, central bank digital currencies (CBDCs), and proactive legislation. The more proactive approach to the growth and regulation of the digital asset sector in the U.S. is an acknowledgment of the hundreds of thousands of investors looking to embrace crypto and web 3.0 in U.S. markets.
Web 3.0: Planning For Art NFT Collectors
NFTs are popular in applications that require unique digital items, including crypto art, digital collectibles, and online gaming, where some guarantee of authenticity and ownership history adds value. As far as art is concerned, this space is developing rapidly. This article takes a look at the territory.
Reporting Requirements For Cryptocurrencies And NFTs Begin In 2023
Planning on acquiring, digital assets, here is what to expect before the end of 2022?
Crypto Exchange, will collect a Form W-9 from you (seeking your taxpayer identification number) transactions subject to the reporting will include not only selling cryptocurrencies for fiat currencies (like U.S. dollars), but also exchanging cryptocurrencies for other cryptocurrencies, Form 8300 reporting of cash transactions will presumably follow the same effective dates.
Can NFTs Save a NASCAR ARCA Career?
Those who create and collect art can try to ignore the impact of NFTs but they can’t ignore how NFTs fit into the current Intellectual Property (IP) rights. In order to take advantage of the market, it is necessary to understand what NFTs are and are not.
People Will Pay For Comics NFTs: Why Does It Matter?
NFT collectors value the ownership and control of these digital assets, often above their market value so estate planners must utilize and take advantage of unique estate planning techniques, such as a scenario planning process, illustrating for the clients, the process used to preserve the ownership of these assets, as if we were telling a story, in which the desired ending satisfies the client’s needs.
New Reporting Requirements On Cryptocurrency, Nonfungible Tokens And Other Digital Asset Transactions.
The U.S. Senate has passed the “Build America Act of 2021” also known as the bipartisan infrastructure bill, that includes new reporting for cryptocurrency transactions and brokers of cryptocurrency…the Bill means that estate plans including any sort of digital asset in an estate will become more complicated.